ON Semiconductor Corporation (ON) Q1 2023 Earnings Call Transcript

ON Semiconductor Corporation (NASDAQ:ON) Q1 2023 Earnings Conference Call May 1, 2023 9:00 AM ET

Company Participants

Parag Agarwal - Vice President of Investor Relations & Corporate Development

Hassane El-Khoury - President and Chief Executive Officer

Thad Trent - Chief Financial Officer

Conference Call Participants

Ross Seymore - Deutsche Bank

Vivek Arya - Bank of America

Chris Danely - Citi

Toshiya Hari - Goldman Sachs

Harsh Kumar - Piper Sandler

Raji Gill - Needham & Company

Matt Ramsay - TD Cowen

Christopher Rolland - Susquehanna Financial Group

Gary Mobley - Wells Fargo

William Stein - Truist Securities

Operator

Good day, and thank you for standing by. Welcome to the ON Semi First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there'll be a question-and-answer session. [Operator Instructions] Please be advised today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Parag Agarwal, please go ahead.

Parag Agarwal

Thank you, Kevin. Good morning, and thank you for joining ON Semi’s first quarter 2023 quarterly results conference call. I'm joined today by Hassane El-Khoury, our President and CEO; and Thad Trent, our CFO. This call is being webcast on the Investor Relations section of our website at www.onsemi.com. A replay of this webcast, along with our 2023 first quarter earnings release, will be available on our website approximately one hour following this conference call, and the recorded webcast will be available for approximately 30 days following this conference call. Additional information is posted on the Investor Relations section of our website.

Our earnings release and this presentation include certain non-GAAP financial measures. Reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures and the GAAP financial measures are included in our earnings release, which is posted separately on our website in the Investor Relations section.

During the course of this conference call, we will make projections or other forward-looking statements regarding future events or the future financial performance of the company. We wish to caution that such statements are subject to risks and uncertainties that could cause actual results or events to differ materially from projections. Important factors that can affect our business, including factors that could cause actual results to differ from our forward-looking statements, are described in our most recent Form 10-Qs other filing with the Securities and Exchange Commission and in our earnings release for the first quarter of 2023.