ON Semiconductor (ONNN) is an original equipment manufacturer (OEM) that mainly produces analog semiconductors that are used in varied end markets. It manufactures a wide range of discrete and embedded semiconductor components. The company was spun off from Motorola in August 1999, and in May 2000 went public.
The results for 1Q2013 were in line with the laid down guidance, affected by lukewarm demand in China and a weakness in the European market. The company posted earnings of $0.10 per share in 1Q2013. Revenues for the quarter were down by 2.8% QoQ to $661 million, 11.2% down YoY.
The GAAP gross margin for 1Q2013 was 30.9% QoQ flat and YoY down 2.00%. The...
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