Onsemi said on the 7th that it posted first-quarter revenue of $1.5133 billion (about 2.1944 trillion won). That was up 5% from a year earlier.
During the period, the GAAP operating loss margin was 3.5%. It amounted to a loss of $53 million (about 770 billion won). Profitability improved from the 39.7% operating loss margin a year earlier. The non-GAAP operating margin was 19.1%, with operating income tallied at about $289 million (about 420 billion won). On a GAAP basis, diluted loss per share was $0.08, and on a non-GAAP basis, diluted earnings per share (EPS) was $0.64.
By business unit, the Power Solutions Group (PSG) posted the largest revenue at $736.6 million (about 1.068 trillion won). That was up 14% from a year earlier and 2% from the previous quarter. The Analog & Mixed-Signal Group (AMG) posted revenue of $540.4 million (about 784 billion won), down 5% from a year earlier. The Intelligent Sensing Group (ISG) posted revenue of $236.3 million (about 343 billion won), roughly flat from a year earlier.
Onsemi said first-quarter revenue in the AI data center segment more than doubled from a year earlier. It noted that adoption of its power supply chain expanded across various chip suppliers and major hyperscalers.
Onsemi guided second-quarter revenue of $1.535 billion to $1.635 billion (about 2.2255 trillion to 2.3702 trillion won). Hassane El-Khoury, Onsemi's chief executive officer (CEO), said, "During the first quarter, demand increased, exceeding expectations, and we entered a recovery path after moving past the cyclical trough," adding, "Onsemi's AI data center business accelerated, growing more than 30% from the prior quarter." He added, "Looking ahead, as semiconductor usage increases in automobiles, industry, and AI data centers, we expect a solid business foundation and long-term growth opportunities."