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On Semiconductor Corporation  (ON)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 

ON's Operating Income Growth by Quarter and Year

On Semiconductor's Operating Income results by quarter and year




ON Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 612.10 704.30 760.50 119.00
III Quarter September 687.00 424.50 282.20 43.10
II Quarter June 674.70 584.00 125.90 18.60
I Quarter March 564.90 647.20 168.00 138.90
FY   2,538.70 2,360.00 1,336.60 319.60



ON Operating Income fourth quarter 2023 Y/Y Growth Comment
On Semiconductor Corporation reported fall in Operating Income in the fourth quarter 2023 by -13.09% to $ 612.10 millions, from the same quarter in 2022.
The decline in the fourth quarter 2023 On Semiconductor Corporation's Operating Income compares unfavorably to the Company's average Operating Income doubling of 101.98%.

Looking into fourth quarter 2023 results within Semiconductors industry 7 other companies have achieved higher Operating Income growth. While On Semiconductor Corporation' s Operating Income decrease of -13.09% ranks overall at the positon no. 140 in the fourth quarter 2023.

Explain Operating Income growth


ON Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -13.09 % -7.39 % 539.08 % -
III Quarter September 61.84 % 50.43 % 554.76 % -72.77 %
II Quarter June 15.53 % 363.86 % 576.88 % -89.63 %
I Quarter March -12.72 % 285.24 % 20.95 % -37.63 %
FY   7.57 % 76.57 % 318.21 % -38.12 %

Financial Statements
On Semiconductor's fourth quarter 2023 Operating Income $ 612.10 millions ON's Income Statement
On Semiconductor's fourth quarter 2022 Operating Income $ 704.30 millions Quarterly ON's Income Statement
New: More ON's historic Operating Income Growth >>


ON Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -10.9 % 65.91 % 169.49 % 176.1 %
III Quarter September 1.82 % -27.31 % 124.15 % 131.72 %
II Quarter June 19.44 % -9.77 % -25.06 % -86.61 %
I Quarter March -19.79 % -14.9 % 41.18 % -
FY (Year on Year)   7.57 % 76.57 % 318.21 % -38.12 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #8
Technology Sector #27
Overall #140

Operating Income Y/Y Growth Statistics
High Average Low
753.5 % 101.98 % -80.46 %
(Sep. 30, 2014)   (Jul 03 2020)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #8
Technology Sector #27
Overall #140
Operating Income Y/Y Growth Statistics
High Average Low
753.5 % 101.98 % -80.46 %
(Sep. 30, 2014)   (Jul 03 2020)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

On Semiconductor's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
319.63 % 20.65 % -100 %
(Apr 03 2015)  


ON's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 On Semiconductor Corporation reported drop in Operating Income sequentially by -10.9% to $ 612.10 millions, from $ 687.00 millions released a quarter before.

Some seasonal factors were not able to salvage the IV. Quarter for the On Semiconductor Corporation, Seth  Hall, an industry veteran pointed out, he voiced certan caution conserning ON's perspective and wrote that average sequential Operating Income growth is at 20.65% for On Semiconductor.

Within Semiconductors industry 7 other companies have achieved higher Operating Income quarter on quarter growth. While On Semiconductor's Operating Income growth quarter on quarter, overall rank is 150.


Operating Income Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #8
Technology Sector #32
Overall #150
Operating Income Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #8
Technology Sector #32
Overall #150
Operating Income Q/Q Growth Statistics
High Average Low
319.63 % 20.65 % -100 %
(Apr 03 2015)  


ON's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 On Semiconductor Corporation disclosed drop in Operating Income from the previous quarter by -10.9% to $ 612.10 millions, from $ 687.00 millions declared a quarter before.

Those seasonal influence could not recover the IV. Quarter for the On Semiconductor Corporation, Seth  Hall, an industry veteran wrote, he mentioned certan caution conserning On Semiconductor's direction, he sees additional headwinds ahead for the Semiconductors's company.

Within Semiconductors industry 7 other companies have achieved higher Operating Income quarter on quarter growth. While On Semiconductor's Operating Income growth quarter on quarter, overall rank is 150.


On Semiconductor's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 29 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 2,538.70 $ 2,630.90 $ 2,368.40 $ 2,277.70 $ 2,360.00
Y / Y Operating Income Growth (TTM) 7.57 % 8.89 % 4.16 % 25.44 % 76.57 %
Year on Year Operating Income Growth Overall Ranking # 27 # 22 # 43 # 28 # 85
Seqeuential Operating Income Change (TTM) -3.5 % 11.08 % 3.98 % -3.49 % -2.33 %
Seq. Operating Income Growth (TTM) Overall Ranking # 140 # 921 # 566 # 313 # 292




Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Dec 31 2023 period, On Semiconductor's cumulative twelve months Operating Income were $ 2,539 millions, company would post below average annual Operating Income growth of -2.33% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the On Semiconductor's Operating Income growth from the 687% growth in Sep 29 2023.

Looking into Technology sector trailing twelve month Operating Income increase, only one company had higher growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 22 to 27.

Operating Income TTM Q/Q Growth Statistics
High Average Low
753.5 %
101.98 %
-80.46 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 8
Technology Sector # 2
Overall # 27

Operating Income TTM Y/Y Growth Statistics
High Average Low
753.5 %
101.98 %
-80.46 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 27
S&P 500 # 140
Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Dec 31 2023 period, On Semiconductor's cumulative twelve months Operating Income were $ 2,539 millions, company would post below average annual Operating Income growth of -80.46% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the On Semiconductor's Operating Income growth from the 687% growth in Sep 29 2023.

Looking into Technology sector trailing twelve month Operating Income increase, only one company had higher growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 22 to 27.

Operating Income TTM Q/Q Growth Statistics
High Average Low
753.5 %
101.98 %
-80.46 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 8
Technology Sector # 2
Overall # 27

Operating Income TTM Y/Y Growth Statistics
High Average Low
753.5 %
101.98 %
-80.46 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 27
S&P 500 # 140




Other Operating Income Growth
Semiconductors Industry Operating Income Growth Trends and Statistics
Technology Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
ON's Operating Income Growth Ratio versus Semiconductors Industry, Technology Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for ON's Competitors
Operating Income Growth for On Semiconductor's Suppliers
Operating Income Growth for ON's Customers

You may also want to know
ON's Annual Growth Rates ON's Profitability Ratios ON's Asset Turnover Ratio ON's Dividend Growth
ON's Roe ON's Valuation Ratios ON's Financial Strength Ratios ON's Dividend Payout Ratio
ON's Roa ON's Inventory Turnover Ratio ON's Growth Rates ON's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Dec 31 2023 within Technology SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Thermo Fisher Scientific Inc -0.38%$ -0.376 millions
Amdocs Limited-1.63%$ -1.626 millions
Viavi Solutions Inc -2.18%$ -2.183 millions
Sony Group Corporation-2.89%$ -2.885 millions
Kimball Electronics Inc -5.03%$ -5.026 millions
Playtika Holding Corp -6.47%$ -6.469 millions
Nve Corp-7.23%$ -7.226 millions
Bentley Systems Incorporated-7.33%$ -7.326 millions
Nxp Semiconductors N v -7.45%$ -7.449 millions
Vishay Precision Group Inc -7.95%$ -7.955 millions
Wipro Limited-8.11%$ -8.112 millions
Gen Digital Inc -8.97%$ -8.967 millions
Gartner Inc -9.30%$ -9.300 millions
Corning Inc-9.30%$ -9.302 millions
Consensus Cloud Solutions Inc -10.01%$ -10.010 millions
Snap One Holdings Corp -10.75%$ -10.754 millions
Nova Ltd -11.78%$ -11.784 millions
Unisys Corp-12.00%$ -12.000 millions
Vizio Holding Corp -12.50%$ -12.500 millions
Immersion Corporation-12.89%$ -12.887 millions
On Semiconductor Corporation-13.09%$ -13.091 millions
Perficient Inc -13.20%$ -13.196 millions
Mind Cti Ltd-14.03%$ -14.030 millions
N able Inc -16.21%$ -16.211 millions
Ubiquiti Inc -16.57%$ -16.569 millions
Rockwell Automation Inc -19.86%$ -19.861 millions
Lattice Semiconductor Corp-20.12%$ -20.118 millions
Plexus Corp -21.25%$ -21.247 millions
Kaltura Inc -22.38%$ -22.380 millions
Premier Inc -25.49%$ -25.489 millions




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