3 Highlights From ON Semiconductors Q3 2017
ON Semiconductor (NASDAQ: ON) reported results for its third quarter of 2017 early this week, continuing a streak of rising sales and profits for the small chip maker. Here are the three things you need to know.
Revenue in the third quarter came in at the top of management expectations at $1.39 billion, a 46% year-over-year increase that came mostly from the acquisition of Fairchild Semiconductor last fall. Revenue notched a 4% increase over the second quarter of this year.
ON has repositioned itself the past few years from a commoditized chipset maker to a specialized designer of devices for a wide variety of connected things. Speaking to that transformation, CFO Bernard Gutmann had this to say on the earnings call:
Source: Fool.com
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