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ON Semiconductor Posts Q1 Data

PHOENIX — ON Semiconductor Corporation (Nasdaq: ONNN) today announced that total revenues in the first quarter of 2012 were $744.4 million, a decrease of approximately 3 percent from the fourth quarter of 2011. During the first quarter of 2012, the company reported GAAP net income of $28.2 million, or $0.06 per fully diluted share. The first quarter 2012 GAAP net income was impacted by $29.3 million of special items which include restructuring charges and other items. The complete special item details can be found in the attached schedules.

Read the full press release.

{complink 3993|ON Semiconductor Corp.}

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