安森美半导体发布2018年第2季度业绩

  • 总收入1,455.9百万美元
  • 毛利率为38.1%
  • 公认会计原则 (GAAP)营运毛利率为13.5%,非公认会计原则(Non-GAAP)营运毛利率为16.3%
  • 营运现金流为268.5百万美元及可用的流动现金为115.6百万美元
  • GAAP每股盈利为$0.35美元,Non-GAAP每股盈利为$0.46美元

2018年7月29日 - 安森美半导体公司 (ON Semiconductor Corporation,美国纳斯达克上市代号:ON) 今日于美国时间宣布,2018年第2季度总收入为1,455.9百万美元,较2017年第2季度GAAP收入上升约9%,较2018年第1季度收入上升约6%。

安森美半导体总裁兼首席执行官傑克信 (Keith Jackson) 说:“我们在第二季度取得强劲的业绩。在汽车和工业市场,随着客户越来越信赖我们提供用于新兴应用的关键技术,对我们的产品需求持续加速。藉着将推出的新产品和加强与客户的互动参与,安森美半导体处于有利地位,可受惠于市场的颠覆性趋势。除了强劲的收入增长,我们持续实现强劲的毛利增长,这表明我们经营模式的强大优势。”

“我们对长期前景越来越乐观,正审慎地投资于我们的制造基础设施,以维持收入增长动力,及进一步加强我们领先行业的成本结构。”

第2季度业绩(GAAP)
(百万美元,
每股数据除外)
2018年第2季度
2017年第2季度
同比变动
2018年第1季度
环比变动
收入
$1,455.9
$1,338.0
9%
$1,377.6
6%
毛利
$555.0
$492.0
13%
$517.4
7%
营运收入
$197.2
$154.0
28%
$185.7
6%
安森美半导体公司
应占收入净额
$155.3
$93.9
65%
$139.6
11%
每股摊薄盈利
$0.35
$0.22
59%
$0.31
13%
摊薄股数(百万)
444.3
425.9
4%
444.2
-%

 

第2季度业绩(non-GAAP)
(百万美元)
2018年第2季度
2017年第2季度
同比变动
2018年第1季度
环比变动
收入
$1,455.9
$1,338.0
9%
$1,377.6
6%
毛利
$555.2
$493.3
13%
$517.4
7%
营运收入
$237.6
$196.4
21%
$216.7
10%
安森美半导体公司
应占收入净额
$199.7
$153.5
30%
$170.7
17%
每股摊薄盈利
$0.46
$0.36
28%
$0.40
15%
摊薄股数
431.6
425.9
1%
431.6
-%

 

第2季度主要现金流项目
(百万美元)
2018年第2季度
2017年第2季度
同比变动
2018年第1季度
环比变动
现金税
$13.3
$17.1
(22)%
$19.1
(30)%
营运现金流
$268.5
$333.2
(19)%
$226.5
19%
自由现金流
$115.6
$264.2
(56)%
$127.0
(9)%

 

 

* Prior period amounts have been adjusted for the retrospective adoption of ASU 2017-07 - "Improving the presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost" ("ASU 2017-07"). Under ASU 2017-07, service cost is included in operating income, while the other components are reported outside of operating income. The adoption of the standard did not have a material impact on the current or prior period financial statements.

2018年第3季度展望

按现时产品订单趋势、未完成订单水平和估计周转水平,本公司预计2018年第3季度的收入总额将约为1,485百万美元至1,535百万美元。2018年第3季度的展望包括以股票支付报酬的预期支出约19百万美元至21百万美元。预期缴付所得税的净现金为11百万美元至15百万美元。

下表概列安森美半导体2018年第3季度的GAAP及non-GAAP展望。


 
安森美半导体GAAP总额
特别项目**
安森美半导体non-GAAP总额***
收入
$1,485 百万美元至
$1,535 百万美元
-
$1,485 百万美元至
$1,535 百万美元

毛利率
38.0% 至 39.0%
0.1%
38.1% 至 39.1%
营运支出
$348百万美元至
$366百万美元
$29百万美元至
$33 百万美元

$319 百万美元至
$333 百万美元

其他收入及支出净额(包括利息支出)

$32 百万美元至
$35 百万美元
$9百万美元至
$10 百万美元
$23百万美元至
$25 百万美元
摊薄股数*
445百万至447 百万
-
432 百万

 

FINANCIALS

* Convertible Notes, Non-cash Interest Expense is calculated pursuant to FASB's Accounting Standards Codification Topic 470: Debt.

** Diluted share count can vary as a result of, among other things, the actual exercise of options or vesting of restricted stock units, the incremental dilutive shares from the Company's convertible senior subordinated notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shares. In periods in which the quarterly average stock price per share exceeds $18.50, the non-GAAP diluted share count and non-GAAP net income per share includes the impact of the Company's hedge transactions issued concurrently with our 1.00% convertible notes. As such, at an average stock price per share between $18.50 and $25.96, the hedging activity offsets the potentially dilutive effect of the 1.00% convertible notes. In periods when the quarterly average stock price per share exceeds $20.72, the non-GAAP diluted share count and non-GAAP net income per share includes the anti-dilutive impact of the Company’s hedge transactions issued concurrently with the 1.625% convertible notes. As such, at an average stock price per share between $20.72 and $30.70, the hedging activity offsets the potentially dilutive effect of the 1.625% convertible notes. Both GAAP and non-GAAP diluted share counts are based on the Company's stock price as of July 29, 2018.

*** Special items may include: amortization of acquisition-related intangibles; expensing of appraised inventory fair market value step-up; purchased in-process research and development expenses; restructuring, asset impairments and other, net; goodwill impairment charges; gains and losses on debt prepayment; non-cash interest expense; actuarial (gains) losses on pension plans and other pension benefits; and certain other special items, as necessary. These special items are out of our control and could change significantly from period to period. As a result, we are not able to reasonably estimate and separately present the individual impact or probable significance of these special items, and we are similarly unable to provide a reconciliation of the non-GAAP measures. The reconciliation that is unavailable would include a forward-looking income statement, balance sheet and statement of cash flows in accordance with GAAP. For this reason, we use a projected range of the aggregate amount of special items in order to calculate our projected non-GAAP operating expense outlook.

**** We believe these non-GAAP measures provide important supplemental information to investors. We use these measures, together with GAAP measures, for internal managerial purposes and as a means to evaluate period-to-period comparisons. However, we do not, and you should not, rely on non-GAAP financial measures alone as measures of our performance. We believe that non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when taken together with GAAP results and the reconciliations to corresponding GAAP financial measures that we also provide in our releases, provide a more complete understanding of factors and trends affecting our business. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures, even if they have similar names.

电话会议

安森美半导体将于美国时间2018年7月30日美国东部时间 (EST)上午9时为财经界举行电话会议,讨论安森美半导体此公告和第2季度的业绩。英语电话会议将在公司网站http://www.onsemi.cn的“投资者关系”网页作实时广播。实时网上广播大约1小时后在该网站回放,为时30天。投资者及有兴趣者如想参加业绩报告英语电话会议,请拨877-356-3762 (美国/加拿大),或1-262-558-6155(国际),并提供该会议的ID号码 —6190767。

This document contains "forward-looking statements," as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included or incorporated in this document could be deemed forward-looking statements, particularly statements about the future financial performance of ON Semiconductor, including financial guidance for the year ending December 31, 2018. Forward-looking statements are often characterized by the use of words such as "believes," "estimates," "expects," "projects," "may," "will," "intends," "plans" or "anticipates" or by discussions of strategy, plans or intentions. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. These factors include, among other things: our revenue and operating performance; economic conditions and markets (including current financial conditions); risks related to our ability to meet our assumptions regarding outlook for revenue and gross margin as a percentage of revenue; effects of exchange rate fluctuations; the cyclical nature of the semiconductor industry; changes in demand for our products; changes in inventories at our customers and distributors; technological and product development risks; enforcement and protection of our intellectual property rights and related risks; risks related to the security of our information systems and secured network; availability of raw materials, electricity, gas, water and other supply chain uncertainties; our ability to effectively shift production to other facilities when required in order to maintain supply continuity for our customers; variable demand and the aggressive pricing environment for semiconductor products; our ability to successfully manufacture in increasing volumes on a cost-effective basis and with acceptable quality for our current products; risks associated with our acquisition of Fairchild Semiconductor International, Inc. and with other acquisitions and dispositions, including our ability to realize the anticipated benefits of our acquisitions and dispositions; risks that acquisitions or dispositions may disrupt our current plans and operations, the risk of unexpected costs, charges or expenses resulting from acquisitions or dispositions and difficulties arising from integrating and consolidating acquired businesses, our timely filing of financial information with the Securities and Exchange Commission ("SEC") for acquired businesses and our ability to accurately predict the future financial performance of acquired businesses); competitor actions, including the adverse impact of competitor product announcements; pricing and gross profit pressures; loss of key customers; order cancellations or reduced bookings; changes in manufacturing yields; control of costs and expenses and realization of cost savings and synergies from restructurings; significant litigation; risks associated with decisions to expend cash reserves for various uses in accordance with our capital allocation policy such as debt prepayment, stock repurchases or acquisitions rather than to retain such cash for future needs; risks associated with our substantial leverage and restrictive covenants in our debt agreements that may be in place from time to time; risks associated with our worldwide operations, including changes in trade policies, foreign employment and labor matters associated with unions and collective bargaining arrangements as well as man-made and/or natural disasters affecting our operations or financial results; the threat or occurrence of international armed conflict and terrorist activities both in the United States and internationally; risks of changes in U.S. or international tax rates or legislation, including the impact of the recent U.S. tax legislation; risks and costs associated with increased and new regulation of corporate governance and disclosure standards; risks related to new legal requirements; and risks involving environmental or other governmental regulation. Additional factors that could affect our future results or events are described under Part I, Item 1A "Risk Factors" in our 2017 Annual Report on Form 10-K filed with the SEC on February 21, 2018 (our "2017 Form 10-K"), Part II, Item IA "Risk Factors" in our Form 10-Q for the quarter ended March 30, 2018 (our "First Quarter 10-Q") and our Form 10-Q for the quarter ended June 29, 2018 (our "Second Quarter 10-Q") and from time-to-time in our other SEC reports. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information, except as may be required by law. You should carefully consider the trends, risks and uncertainties described in this document, our 2017 Form 10-K, our First Quarter 10-Q, our Second Quarter 10-Q, and other reports filed with or furnished to the SEC before making any investment decision with respect to our securities. If any of these trends, risks or uncertainties actually occurs or continues, our business, financial condition or operating results could be materially adversely affected, the trading prices of our securities could decline and you could lose all or part of your investment. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

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