ON Semiconductor(ON) - 2024 Q1 - Quarterly Results

Exhibit 99.1 onsemi First Quarter 2024 Results Exceed Expectations Increased free cash flow approximately 3x year-over-year SCOTTSDALE, Ariz, – Apr 29, 2024 – onsemi (the "Company") (Nasdaq: ON) today announced results for the first quarter of 2024 with the following highlights: "The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions," said Hassane El-Khoury, president and chief executive officer of onse ...