ON Semiconductor (ON) Revenue — Quarter Ended Sep 29, 2023
Revenue increased compared to the immediately preceding quarter. However, it declined compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 29, 2023 · FY2023 Q3
Revenue increased compared to the immediately preceding quarter. However, it declined compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+4.1%
Change from the immediately preceding quarter.
Year-over-year
-0.5%
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 |
|---|---|---|
| Dec 31, 2022 | $2.1B | +13.9% |
| Mar 31, 2023 | $2B | +0.8% |
| Jun 30, 2023 | $2.1B | +0.5% |
| Sep 29, 2023 | $2.2B | -0.5% |
Revenue performance
The reported revenue reflects a sequential improvement but a year-over-year contraction.
Quarterly comparison
Compared to the prior quarter, revenue rose. Compared to the same period last year, revenue fell.
What to watch
The year-over-year decline is a key point to monitor for future trends.