ON Semiconductor(ON) - 2024 Q3 - Quarterly Results

Exhibit 99.1 onsemi Reports Third Quarter 2024 Results Revenue and earnings exceed expectations with Free Cash Flow increasing 41% sequentially SCOTTSDALE, Ariz., – Oct. 28, 2024 – onsemi (the "Company") (Nasdaq: ON) today announced results for the third quarter of 2024 with the following highlights: • Revenue of $1,761.9 million • GAAP gross margin and non-GAAP gross margin of 45.4 percent and 45.5 percent, respectively • GAAP operating margin and non-GAAP operating margin of 25.3 percent and 28.2 percent, ...