ON Semiconductor Announces Third Quarter 2024 Results, Revenue Increases 2% QoQ

ON Semiconductor recently announced its third quarter 2024 results in Arizona, USA. In the quarter, ON Semiconductor achieved revenue of US$1.7619 billion, up 2% from the previous quarter but down 19% from the same period last year. In addition, the company's GAAP gross profit margin in the third quarter was 45.4%, up 0.2 percentage points from the previous quarter and down 1.9 percentage points from the same period in 2023.