ON Semiconductor (ON) Revenue — Quarter Ended Sep 27, 2024
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined sharply relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 27, 2024 · FY2024 Q3
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined sharply relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+1.5%
Change from the immediately preceding quarter.
Year-over-year
-19.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4B
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 |
|---|---|---|
| Dec 31, 2023 | $2B | -4.1% |
| Mar 29, 2024 | $1.9B | -4.9% |
| Jun 28, 2024 | $1.7B | -17.2% |
| Sep 27, 2024 | $1.8B | -19.2% |
Revenue performance
The reported revenue direction is upward from the prior quarter, reversing the sequential decline seen in the previous period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Compared with the same quarter one year earlier, revenue was significantly lower.
What to watch
Monitor whether the sequential revenue improvement can be sustained given the persistent year-over-year decline.