ON Semiconductor(ON) - 2024 Q2 - Quarterly Results

Exhibit 99.1 onsemi Announces Second Quarter 2024 Results Free cash flow increase of ~$250 million year over year SCOTTSDALE, Ariz., – July 29, 2024 – onsemi (the "Company") (Nasdaq: ON) today announced results for the second quarter of 2024 with the following highlights: • Revenue of $1,735.2 million • GAAP gross margin and non-GAAP gross margin of 45.2% and 45.3%, respectively • GAAP operating margin and non-GAAP operating margin of 22.4% and 27.5%, respectively • GAAP diluted earnings per share and non-G ...