Monday, May 04, 2015

ON Semi Reports Q1 2015 Earnings

ON Semicondusctor reports Q1 2015 results:

"Now let me provide you an update on performance of our business units, starting with Image Sensor Group or ISG. Revenue for our Image Sensor Group was approximately $171 million, as compared to approximately $166 million in the fourth quarter. Aptina was nicely accretive to our non-GAAP EPS and we remain on track to generate $0.08 of non-GAAP EPS accretion from Aptina in the current year.

...our momentum in fast growing Advanced Driver Assist System (ADAS) market remains intact and we continue to be market leader with approximately 70 percent share for image sensors for ADAS related applications.

...We continue to gain increasing traction with our image sensors in the automotive market. We have high penetration with our image sensors in the Rear View Camera (RVC) market at the OEM level in North America, Japan and Korea. For advanced driver assist systems (ADAS) our 1 megapixel image sensors continued to ramp in Europe and North America. We benefited from strong sales of light trucks in North America as we have higher content in light trucks.

...Robust growth in the security market generated strong demand for our image sensing solutions during the quarter. Specifically, we had strong traction of our 1/3-inch, 720p sensor at leading security OEMs in China. Furthermore, China is beginning a large transition to 1080p security cameras, which will utilize our 2 megapixel, 1/3” and 3 megapixel, 1/3” sensors. We are seeing good penetration globally in the top tier machine vision camera manufacturers for the Python 1.3 megapixel, 5 megapixel, and 25 megapixel devices.
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ON Semi Revenue Split

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