ON Semiconductor Corporation (ON) Q2 2024 Earnings Call Transcript

Jul. 29, 2024 12:34 PM ETON Semiconductor Corporation (ON) StockON
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Q2: 2024-07-29 Earnings Summary

EPS of $0.96 beats by $0.04
 | Revenue of $1.74B (-17.15% Y/Y) beats by $5.27M

ON Semiconductor Corporation (NASDAQ:ON) Q2 2024 Earnings Conference Call July 29, 2024 9:00 AM ET

Company Participants

Parag Agarwal - VP, IR and Corporate Development
Hassane El-Khoury - President and CEO
Thad Trent - CFO

Conference Call Participants

Ross Seymore - Deutsche Bank
Vivek Arya - Bank of America Securities
Toshiya Hari - Goldman Sachs
Vijay Rakesh - Mizuho
Blayne Curtis - Jefferies
Joshua Buchalter - TD Cowen
Quinn Bolton - Needham
Chris Danely - Citi
Christopher Rolland - Susquehanna
Harlan Sur - JPMorgan
Tristan Gerra - Baird
Harsh Kumar - Piper Sandler

Operator

Good day, and thank you for standing by. Welcome to the onsemi Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there'll be a question-and-answer session. [Operator Instructions] Please be advised today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Parag Agarwal. Please go ahead.

Parag Agarwal

Thank you, Kevin. Good morning, and thank you for joining onsemi's second quarter 2024 quarterly results conference call. I'm joined today by Hassane El-Khoury, our President and CEO; and Thad Trent, our CFO.

This call is being webcast on the Investor Relations section of our website at www.onsemi.com. A replay of this webcast, along with our 2024 second quarter earnings release will be available on our website approximately one hour following this conference call and the recorded webcast will be available for approximately 30 days following this conference call. Additional information is posted on the Investor Relations section of our website.

Our earnings release and this presentation includes certain non-GAAP financial measures. Reconciliation of these non-GAAP financial measures to most directly comparable GAAP financial measures and a discussion of certain limitations when using non-GAAP financial measures are included in our

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