ON Semiconductor Reports Record Revenue and Non-GAAP Earnings per Share for Second Quarter 2021

2021年8月2日–

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2021年8月2日– 安森美半导体公司 (ON Semiconductor Corporation,美国纳斯达克上市代号:ON)于美国时间8月2日公布2021年第2季度业绩,摘要如下:

  • 创纪录的16.699亿美元收入,同比增长38%
  • 公认会计原则(GAAP)每股摊薄盈利为$0.42美元,去年同比为$0.00美元
  • 创纪录的非公认会计原则(Non-GAAP)每股摊薄盈利为$0.63美元,去年同比为$0.12美元
  • GAAP毛利率为38.3%,环比增长310个基点,去年同比增长750个基点
  • Non-GAAP毛利率为38.4%,环比增长320个基点,去年同比增长760个基点
  • 创纪录的可用流动现金为3.832亿美元,或总收入的22.9%

安森美半导体总裁兼首席执行官(CEO) Hassane El-Khoury说:“我们强劲的第2季度业绩是由坚实的执行力和持续的结构改革以及强劲的需求环境所推动的。我们又一次公布季度non-GAAP毛利率扩张,利润率环比增长增加了320个基点。我们预期持续的业务结构改革应使我们能够在可持续的基础上表现强劲的业绩。虽然我们为最近的业绩感到鼓舞,但我们仍将继续变革业务以充分发挥公司潜力。

"我们继续看到我们的战略汽车和工业终端市场对我们产品的需求在加速增长。随着我们继续推动我们生产据点的运营效率,我们预计在2021年下半年将看到增量供应和收入增长。"

下表概列本季度与可比较时期的部分财务业绩:

Q2 2021 Results

Q2 2021 Results

2021年第3季度展望

下表概列安森美半导体预期的2021年第3季度的GAAP及Non-GAAP展望:

Q3 2021 Outlook

FINANCIALS

* Convertible Notes, Non-cash interest expense is calculated pursuant to FASB's Accounting Standards Codification Topic 470: Debt.

** Diluted shares outstanding can vary as a result of, among other things, the actual exercise of options or vesting of restricted stock units, the incremental dilutive shares from the Company's convertible senior subordinated notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shares. In periods when the quarterly average stock price per share exceeds $20.72 for the 1.625% Notes and $52.97 for the 0% Notes, the non-GAAP diluted share count and non-GAAP net income per share include the anti-dilutive impact of the Company’s hedge transactions issued concurrently with the 1.625% Notes and the 0% Notes, respectively. At an average stock price per share between $20.72 and $30.70 for the 1.625% Notes and $52.97 and $74.34 for the 0% Notes, the hedging activity offsets the potentially dilutive effect of the 1.625% Notes and 0% Notes, respectively. In periods when the quarterly average stock price exceeds $30.70 for the 1.625% Notes, and $74.34 for the 0% Notes, the dilutive impact of the warrants issued concurrently with such notes are included in the diluted shares outstanding. Both GAAP and non-GAAP diluted share counts are based on the Company’s stock price as of July 2, 2021.

*** Special items may include: amortization of acquisition-related intangibles; expensing of appraised inventory fair market value step-up; non-recurring facility costs, purchased in-process research and development expenses; restructuring, asset impairments and other, net; goodwill impairment charges; gains and losses on debt prepayment; non-cash interest expense; actuarial (gains) losses on pension plans and other pension benefits; and certain other special items, as necessary. These special items are out of our control and could change significantly from period to period. As a result, we are not able to reasonably estimate and separately present the individual impact or probable significance of these special items, and we are similarly unable to provide a reconciliation of the non-GAAP measures. The reconciliation that is unavailable would include a forward-looking income statement, balance sheet and statement of cash flows in accordance with GAAP. For this reason, we use a projected range of the aggregate amount of special items in order to calculate our projected non-GAAP operating expense outlook.

**** We believe these non-GAAP measures provide important supplemental information to investors. We use these measures, together with GAAP measures, for internal managerial purposes and as a means to evaluate period-to-period comparisons. However, we do not, and you should not, rely on non-GAAP financial measures alone as measures of our performance. We believe that non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when taken together with GAAP results and the reconciliations to corresponding GAAP financial measures that we also provide in our releases, provide a more complete understanding of factors and trends affecting our business. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures, even if they have similar names.

电话会议

安森美半导体将于美国时间2021年8月2日美国东部夏令时间 (EDT)上午9时为金融界举行电话会议,讨论安森美半导体2021年第2季度业绩。英语电话会议将在公司网站http://www.onsemi.cn的“投资者关系”网页作实时广播。实时网上广播大约1小时后在该网站回放,为时30天。投资者及有兴趣者如想参加业绩报告英语电话会议,请拨833-303-2043 (美国/加拿大),或1-236-714-3942(国际),并提供该会议的ID号码 —7573025。

This document includes “forward-looking statements,” as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included or incorporated in this document could be deemed forward-looking statements, particularly statements about the future financial performance of ON Semiconductor, including financial guidance for the year ending December 31, 2021. Forward-looking statements are often characterized by the use of words such as “believes,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans” or “anticipates” or by discussions of strategy, plans or intentions. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. Certain factors that could affect our future results or events are described under Part I, Item 1A “Risk Factors” in our 2020 Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 16, 2021 (our “2020 Form 10-K”) and from time to time in our other SEC reports. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information, except as may be required by law. You should carefully consider the trends, risks and uncertainties described in this document, our 2020 Form 10-K and subsequent reports filed with or furnished to the SEC before making any investment decision with respect to our securities. If any of these trends, risks or uncertainties actually occurs or continues, our business, financial condition or operating results could be materially adversely affected, the trading prices of our securities could decline, and you could lose all or part of your investment. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way in creating a safer, cleaner, and smarter world.

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onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein.

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