ON Semiconductor Corp (NASDAQ: ON) stock reported a fourth-quarter FY23 revenue decline of 4.1% year-on-year to $2.02 billion, beating the consensus of $2.00 billion.
The adjusted EPS of $1.25 beat the consensus of $1.21. The stock price climbed after the quarterly results.
Revenue from Power Solutions Group (PSG) grew 4% Y/Y to $1.09 billion, Advanced Solutions Group (ASG) decreased 11% Y/Y to $624.6 million, and Intelligent Sensing …
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