ON Semiconductor Reports First Quarter 2017 Results

GAAP revenue of $1,436.7 million (up 76% YoY, up 14% QoQ) and non-GAAP revenue of $1,281.6 million
GAAP gross margin of 35.0 percent and non-GAAP gross margin of 35.4 percent
GAAP operating margin of 12.8 percent and non-GAAP operating margin of 13.2 percent
Operating cash flow of $208.5 million and free cash flow of $155.8 million

SECOND QUARTER 2017 OUTLOOK

Based on product booking trends, backlog levels, and estimated turns levels, the Company anticipates that total revenue will be approximately $1,285 to $1,335 million in the second quarter of 2017. e