ON Semiconductor(US:ON)2025-02-10 14:53Financial Performance & Guidance - Q4 2024 revenue was $1.72 billion, a 15% year-over-year decrease[11] - Q4 2024 non-GAAP gross margin was 45.3%, a 140 bps year-over-year decrease[11] - Q4 2024 non-GAAP operating margin was 26.7%, a 490 bps year-over-year decrease[11] - Q4 2024 diluted EPS was $0.95[11] - Q1 2025 revenue is guided to be between $1.35 billion and $1.45 billion[20] - Q1 2025 non-GAAP gross margin is guided to be between 39% and 41%[20] - Q1 2025 non-GAAP EPS is guided to be between $0.45 and $0.55[22] Strategic Initiatives & Market Focus - AI Data Center revenue grew by more than 40% year-over-year in 2024[8] - onsemi launched the Treo Platform, unlocking a $36 billion total addressable market (TAM) with up to 70% gross margin[8, 16] - onsemi acquired Silicon Carbide (SiC) JFET assets from Qorvo, expanding market opportunity by $1.3 billion by 2030[8, 17] Capital Allocation - onsemi returned 54% of free cash flow to shareholders through stock repurchases in 2024[8]