03.11.2021 • News

ON Semiconductor reports Record Revenue for Third Quarter 2021

ON Semiconductor Corporation announced results for the third quarter of 2021. The company reports a record revenue of $1,742.1 million, an increase of 32 percent year-over-year.

Hassane El-Khoury, president and CEO of On Semiconductor, was pleased with the results. He stated: “We delivered another quarter of record results driven by on-going execution of our new strategy with demand remaining strong for our intelligent power and sensing solutions in the automotive and industrial end-markets."

He continues: "With a rapidly expanding design-win funnel for disruptive applications such as electric vehicles, ADAS, industrial automation, and alternative energy, coupled with ongoing transformational changes, we are making sustainable progress towards our target financial model”.

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Selected financial results for the quarter are shown with comparable periods. Image: On Semiconductor

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ON Semiconductor

NE Glisan Street 23400
97030 Gresham OR
US

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