Stock Analysis on Net
Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

ON Semiconductor Corp., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Dec 31, 2020 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Dec 31, 2019 Sep 27, 2019 Jun 28, 2019 Mar 29, 2019
Revenue 1,862,700 2,018,100 2,180,800 2,094,400 1,959,700 2,103,600 2,192,600 2,085,000 1,945,000 1,846,100 1,742,100 1,669,900 1,481,700 1,446,300 1,317,300 1,213,500 1,277,900 1,401,800 1,381,800 1,347,700 1,386,600
Cost of revenue (1,009,100) (1,076,200) (1,150,100) (1,101,000) (1,042,200) (1,083,100) (1,134,300) (1,047,900) (983,700) (1,013,900) (1,021,300) (1,029,800) (960,500) (948,700) (876,100) (839,200) (875,200) (916,100) (906,600) (848,700) (872,900)
Gross profit 853,600 941,900 1,030,700 993,400 917,500 1,020,500 1,058,300 1,037,100 961,300 832,200 720,800 640,100 521,200 497,600 441,200 374,300 402,700 485,700 475,200 499,000 513,700
Research and development (150,000) (150,200) (143,400) (145,300) (138,400) (136,400) (145,400) (161,600) (156,800) (160,600) (154,500) (166,300) (173,600) (159,700) (156,100) (156,100) (171,000) (169,300) (172,800) (147,000) (151,800)
Selling and marketing (69,100) (67,500) (68,200) (71,600) (71,800) (74,200) (69,500) (73,100) (71,100) (70,200) (68,400) (76,100) (78,900) (71,000) (65,300) (65,600) (76,800) (75,600) (74,700) (73,600) (77,100)
General and administrative (95,300) (88,600) (110,700) (87,200) (75,900) (97,200) (84,900) (83,200) (77,900) (83,500) (75,700) (73,200) (72,400) (62,400) (62,200) (62,900) (71,200) (69,200) (67,800) (74,100) (72,900)
Litigation settlement — — — — — — — — — — — — — — — — — — (169,500) — —
Amortization of acquisition-related intangible assets (12,600) (12,100) (12,000) (12,000) (15,000) (16,100) (21,900) (21,900) (21,300) (24,500) (24,700) (24,800) (25,000) (29,300) (29,600) (29,100) (32,300) (32,100) (29,900) (27,500) (25,700)
Restructuring, asset impairments and other charges, net (1,400) (11,400) (9,400) (2,600) (51,500) 7,700 (40,300) 1,700 13,000 (13,100) 1,700 (17,500) (42,500) (7,200) (9,000) (16,200) (32,800) (600) (4,400) (18,100) (5,600)
Goodwill and intangible asset impairment charges — — — — — — (271,800) (115,000) — — — — (2,900) — — (1,300) — — — (400) (1,200)
Operating expenses (328,400) (329,800) (343,700) (318,700) (352,600) (316,200) (633,800) (453,100) (314,100) (351,900) (321,600) (357,900) (395,300) (329,600) (322,200) (331,200) (384,100) (346,800) (519,100) (340,700) (334,300)
Operating income (loss) 525,200 612,100 687,000 674,700 564,900 704,300 424,500 584,000 647,200 480,300 399,200 282,200 125,900 168,000 119,000 43,100 18,600 138,900 (43,900) 158,300 179,400
Interest expense (15,600) (15,800) (16,200) (16,400) (26,400) (27,500) (23,700) (22,100) (21,600) (32,000) (31,900) (33,100) (33,400) (41,800) (42,200) (41,900) (42,500) (42,200) (40,700) (33,700) (31,700)
Interest income 27,600 26,300 25,700 24,000 17,100 9,100 4,900 1,100 400 300 500 200 400 600 900 1,500 1,900 2,400 2,300 3,000 2,500
Loss on debt prepayment — — — — (13,300) 200 — (7,300) — (2,800) — (26,200) — — — — — — (5,800) (400) —
Gain (loss) on divestiture of business — — (100) 500 (1,100) 64,900 200 1,900 — — 10,200 — — — — — — — — — —
Other income (expense) 1,000 (11,700) 1,100 (1,300) 4,700 12,300 900 6,400 2,100 20,400 (5,800) (1,100) 4,500 (6,300) 400 (2,800) 100 (16,400) 3,500 (1,000) 2,100
Other income (expense), net 13,000 (1,200) 10,500 6,800 (19,000) 59,000 (17,700) (20,000) (19,100) (14,100) (27,000) (60,200) (28,500) (47,500) (40,900) (43,200) (40,500) (56,200) (40,700) (32,100) (27,100)
Income (loss) before income taxes 538,200 610,900 697,500 681,500 545,900 763,300 406,800 564,000 628,100 466,200 372,200 222,000 97,400 120,500 78,100 (100) (21,900) 82,700 (84,600) 126,200 152,300
Income tax (provision) benefit (84,500) (47,500) (114,600) (104,400) (83,700) (159,000) (94,900) (107,400) (97,100) (39,800) (61,800) (37,900) (7,100) (30,700) 83,100 (800) 8,200 (25,800) 24,600 (23,300) (38,200)
Net income (loss) 453,700 563,400 582,900 577,100 462,200 604,300 311,900 456,600 531,000 426,400 310,400 184,100 90,300 89,800 161,200 (900) (13,700) 56,900 (60,000) 102,900 114,100
Net income attributable to non-controlling interest (700) (700) (200) (500) (500) — — (800) (800) (500) (700) — (400) (800) (600) (500) (300) (400) (700) (1,100) —
Net income (loss) attributable to ON Semiconductor Corporation 453,000 562,700 582,700 576,600 461,700 604,300 311,900 455,800 530,200 425,900 309,700 184,100 89,900 89,000 160,600 (1,400) (14,000) 56,500 (60,700) 101,800 114,100

Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. ON Semiconductor Corp. revenue decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. ON Semiconductor Corp. operating income (loss) decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. ON Semiconductor Corp. income (loss) before income taxes decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Net income (loss) attributable to ON Semiconductor Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. ON Semiconductor Corp. net income (loss) attributable to ON Semiconductor Corporation decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.