Tuesday, December 06, 2016

ON Semi Q3 2016 Results

ON Semi reported its Q3 results in the beginning of November. This time, the company presents the sales figures in $M for its main business groups:

SeekingAlpha earnings call transcript mentions imaging business status in Q&A session:

Tristan Gerra - Robert W. Baird & Co., Inc. (Broker)

Great. And then if I heard the number well, your Image Sensor Group revenue implies a little bit of a year-over-year decline in the quarter. Could you talk about the trends in that business? Are we still on track in terms of the accretion for the year and also the type of growth drivers that you see going forward?

Keith D. Jackson - ON Semiconductor CEO

Yeah. We had a very substantial double-digit growth in the automotive sector, which is the focus in that business. The slight declines year-on-year were all coming out of handsets in the consumer side, which again we mentioned at the time of purchase we wanted to de-emphasize those because they were quite low margin. And so, really, everything remains on track as we look at it another year long.

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