ON Semiconductor (ON) reported earnings on Mon 1 Nov 21 (b/o)

** charts after earnings ** 

 

 

 

 

 

 

 

 

 

ON Semiconductor beats by $0.13, beats on revs 

• Reports Q3 (Sep) earnings of $0.87 per share, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $0.74; revenues rose 32.2% year/year to $1.74 bln vs the $1.71 bln S&P Capital IQ Consensus. 
• Non-GAAP gross margin of 41.5 percent increased 310 basis points quarter-over-quarter and 800 basis points year-over-year.

ON Semiconductor also sees Q4 EPS and revs above consensus

Co issues upside guidance for Q4 (Dec), sees EPS of $0.89-1.01 vs. $0.75 S&P Capital IQ Consensus; sees Q4 (Dec) revs of $1.74-1.84 bln vs. $1.72 bln S&P Capital IQ Consensus.