ON Semiconductor (ON) Revenue — Quarter Ended Mar 31, 2023
Revenue declined from the previous quarter but edged higher compared to the same period last year.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined from the previous quarter but edged higher compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-6.8%
Change from the immediately preceding quarter.
Year-over-year
+0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2022 | $2.1B | +24.9% |
| Sep 30, 2022 | $2.2B | +25.9% |
| Dec 31, 2022 | $2.1B | +13.9% |
| Mar 31, 2023 | $2B | +0.8% |
Revenue performance
The company's revenue for the quarter decreased sequentially, reflecting a moderation from the growth observed in prior quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. However, versus the same quarter one year earlier, revenue posted a slight increase.
What to watch
Monitor whether the sequential decline indicates a broader trend or is a temporary adjustment.