ON Semiconductor (ON) Revenue — Quarter Ended Jun 28, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The downward trend has persisted over recent quarters.
Key takeaway
Quarter ended Jun 28, 2024 · FY2024 Q2
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The downward trend has persisted over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
-6.8%
Change from the immediately preceding quarter.
Year-over-year
-17.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.8B
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 29, 2023 | $2.2B | -0.5% |
| Dec 31, 2023 | $2B | -4.1% |
| Mar 29, 2024 | $1.9B | -4.9% |
| Jun 28, 2024 | $1.7B | -17.2% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, continuing the pattern of sequential declines seen in earlier periods.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was lower, reflecting a larger year-over-year decline than the sequential drop. The trailing twelve-month revenue also decreased relative to the current quarter's annualized level.
What to watch
Monitor whether the sequential revenue decline moderates or accelerates in upcoming quarters.