05.01.24
onsemi announced results for the first quarter of 2024. The company reported revenue of $1,862.7 million, and GAAP gross margin and non-GAAP gross margin of 45.8% and 45.9%, respectively. GAAP operating margin and non-GAAP operating margin were 28.2% and 29.0%, respectively
“The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions,” said Hassane El-Khoury, president and CEO of onsemi. “In the current environment, we remain focused on execution while investing for our long-term growth.”
“The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions,” said Hassane El-Khoury, president and CEO of onsemi. “In the current environment, we remain focused on execution while investing for our long-term growth.”