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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.76B | 1.5% |
| Gross Profit | 799M | 2% |
| Cost of Revenue | 963M | 1.2% |
| Operating expense | 354M | 10.5% |
| Net Income | 402M | 18.8% |
| EBITDA | 470M | 16.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 13.9B | 1.9% |
| Total Liabilities | 5.32B | 0.4% |
| Total Equity | 8.58B | 2.9% |
| Shares Outstanding | 426M | 0.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 466M | 28.6% |
| Cash from investing | -32M | 94.6% |
| Cash from financing | -197M | 29% |
EPS
Financial Highlights for ON Semiconductor in Q3 '24
ON Semiconductor reported a revenue of 1.76B, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 799M, marking a 2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 963M, a 1.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 354M, showing a -10.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 402M, showing a 18.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 470M, showing a 16.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for ON Semiconductor with growth in revenue, gross profit, and net income.
