ON Semiconductor (ON) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential growth was more pronounced than the year-over-year gain.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential growth was more pronounced than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+6.9%
Change from the immediately preceding quarter.
Year-over-year
+0.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.4B
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 |
|---|---|---|
| Sep 30, 2022 | $2.2B | +25.9% |
| Dec 31, 2022 | $2.1B | +13.9% |
| Mar 31, 2023 | $2B | +0.8% |
| Jun 30, 2023 | $2.1B | +0.5% |
Revenue performance
The reported revenue moved higher, continuing the upward trajectory seen in the preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved, and it also increased versus the same quarter one year earlier. The sequential change was larger than the annual change.
What to watch
The filing context does not provide specific causes for the revenue changes; monitor future filings for underlying drivers.