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News Breaks
February 15, 2013
13:40 EDTONNNON Semiconductor targeting annualized EPS $1.00-$1.20
Targeting quarterly revenue $800M. Targeting quarterly free cash flow $120M-$140M, adjusted EBITDA $180M-$200M, and gross margin 41%. Targets provided in slides from analyst day presentation.
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July 31, 2014
16:26 EDTONNNON Semiconductor sees Q3 revenue $765M-$795M, consensus $787.6M
The company said, “Backlog levels for the third quarter of 2014 represent approximately 80%-85% of our anticipated third quarter 2014 revenue. Average selling prices for the third quarter of 2014 are expected to be down approximately one to two percent when compared to the second quarter of 2014. "Q3 guidance does not include any contribution from its pending acquisition of Aptina, Inc. Sees Q3 non-GAAP gross margin 35.9%-37.9%.
16:24 EDTONNNON Semiconductor reports Q2 EPS 20c, consensus 19c
Reports Q2 revenue $757.6M, consensus $753.96M. Reports Q2 non-GAAP gross margin of 36.2%.
06:53 EDTONNNON Semiconductor, Fujitsu Semiconductor announce strategic partnership
Fujitsu Semiconductor and ON Semiconductor announced that they have entered into a foundry services agreement. Under the terms of this agreement, Fujitsu will manufacture wafers for ON Semiconductor at its 8-inch front-end semiconductor wafer fabrication facility located in Aizu-Wakamatsu, Japan. Initial production of wafers is expected to begin within a year from today, and ON Semiconductor will have the opportunity to access additional capacity in the Aizu-Wakamatsu fab in the future. To build a stronger partnership, the two companies have also entered into a definitive agreement under which ON Semiconductor will obtain a 10 percent ownership interest in a newly formed subsidiary of Fujitsu Semiconductor that will include Fujitsu’s 8-inch Aizu-Wakamatsu fab. The consideration to be paid by ON Semiconductor for this minority interest will be approximately $7M. The transaction is expected to close during Q4 or in early 2015, subject to certain regulatory approvals and other closing conditions.

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