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ON Semiconductor | 10-Q: Q2 2024 Earnings Report

ON Semiconductor | 10-Q: Q2 2024 Earnings Report

安森美半导体 | 10-Q:2024财年二季报
美股SEC公告 ·  2024/07/29 22:30

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ON Semiconductor reported Q2 2024 revenue of $1.74 billion, down 17% year-over-year from $2.09 billion, while net income declined 41% to $338.2 million. Gross margin contracted to 45.2% from 47.4% in Q2 2023, primarily due to lower volumes and unfavorable product mix. The company maintained strong cash position with $2.7 billion in cash and short-term investments.The company announced a business realignment affecting approximately 1,300 employees, with 1,000 positions eliminated and 300 employees reassigned or relocated. This restructuring resulted in $71.3 million in charges during Q2 as part of the company's "Fab Right" manufacturing strategy to optimize its global footprint and improve operational efficiency.Looking ahead, ON Semiconductor expects capital expenditures to be 9-11% of revenue for the remainder of 2024. The company continues its share repurchase program with $2.2 billion remaining authorization through December 2025, having repurchased 2.1 million shares for $150 million during Q2 2024.
ON Semiconductor reported Q2 2024 revenue of $1.74 billion, down 17% year-over-year from $2.09 billion, while net income declined 41% to $338.2 million. Gross margin contracted to 45.2% from 47.4% in Q2 2023, primarily due to lower volumes and unfavorable product mix. The company maintained strong cash position with $2.7 billion in cash and short-term investments.The company announced a business realignment affecting approximately 1,300 employees, with 1,000 positions eliminated and 300 employees reassigned or relocated. This restructuring resulted in $71.3 million in charges during Q2 as part of the company's "Fab Right" manufacturing strategy to optimize its global footprint and improve operational efficiency.Looking ahead, ON Semiconductor expects capital expenditures to be 9-11% of revenue for the remainder of 2024. The company continues its share repurchase program with $2.2 billion remaining authorization through December 2025, having repurchased 2.1 million shares for $150 million during Q2 2024.
安森美半导体报告2024年第二季度营业收入为17.4亿美金,较去年同期的20.9亿美金下降了17%,而净利润下降41%,至33820万美金。毛利率从2023年第二季度的47.4%收缩至45.2%,主要由于出货量下降和不利的产品组合。公司保持强劲的现金状况,拥有现金和短期投资27亿美金。公司宣布进行业务调整,约1300名员工受到影响,裁减了1000个职位,300名员工被调动或转移。这次重组在第二季度导致了7130万美金的费用,作为公司"Fab Right"制造业-半导体策略的一部分,以优化其全球货币布局和提高运营效率。展望未来,安森美半导体预计2024年剩余时间的资本支出将占营业收入的9-11%。公司继续进行股票回购计划,至2025年12月剩余授权为22亿美金,在2024年第二季度回购了210万股,耗资15000万美金。
安森美半导体报告2024年第二季度营业收入为17.4亿美金,较去年同期的20.9亿美金下降了17%,而净利润下降41%,至33820万美金。毛利率从2023年第二季度的47.4%收缩至45.2%,主要由于出货量下降和不利的产品组合。公司保持强劲的现金状况,拥有现金和短期投资27亿美金。公司宣布进行业务调整,约1300名员工受到影响,裁减了1000个职位,300名员工被调动或转移。这次重组在第二季度导致了7130万美金的费用,作为公司"Fab Right"制造业-半导体策略的一部分,以优化其全球货币布局和提高运营效率。展望未来,安森美半导体预计2024年剩余时间的资本支出将占营业收入的9-11%。公司继续进行股票回购计划,至2025年12月剩余授权为22亿美金,在2024年第二季度回购了210万股,耗资15000万美金。
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