ON Semiconductor Corporation reported earnings results for the first quarter ended March 29, 2024. For the first quarter, the company reported sales was USD 1,862.7 million compared to USD 1,959.7 million a year ago. Net income was USD 453 million compared to USD 461.7 million a year ago.

Basic earnings per share from continuing operations was USD 1.06 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 1.03 a year ago.