![On Semiconductor Corp [ON] reports annual net loss of $2.2 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FON.png&w=3840&q=75)
On Semiconductor Corp [ON] reports annual net loss of $2.2 billion
Company Reports Revenue of $8.3 billion
ON SEMICONDUCTOR CORP [ON] has reported a net loss of $2.2 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $8.3 billion
Based in Scottsdale, Arizona, ON SEMICONDUCTOR CORP operates in the MANUFACTURING sector.
In the 12 months ended December 31, 2023, ON Semiconductor Corporation reported revenues of $8.253 billion, slightly lower than the $8.326 billion recorded in the previous year, 2022, but higher than the $6.740 billion achieved in 2021.
The cost of revenue for the same period was $4.370 billion in 2023, up from $4.249 billion in 2022 and $4.026 billion in 2021. This resulted in a gross profit of $3.884 billion in 2023, compared to $4.077 billion in 2022 and $2.714 billion in 2021.
