Product category:
Power Supply ICs and Controllers
News Release from: ON Semiconductor
Edited by the Electronicstalk Editorial
Team on 29 January 2004
Fourth quarter guidance is more
optimistic
ON Semiconductor has upgraded its estimates for fourth-quarter 2003 revenues, originally set to be up by 2 to 3% sequentially.
ON Semiconductor has upgraded its estimates for fourth-quarter 2003 revenues, originally set to be up by 2 to 3% sequentially "We now expect fourth quarter 2003 revenues will grow sequentially by approximately 5% over third quarter 2003 revenues despite an estimated decline in average selling prices of approximately 2.5 to 3.0% in the fourth quarter of 2003", says Keith Jackson, ON Semiconductor President and CEO
This article was originally published on Electronicstalk on 31 Mar 2003 at 8.00am (UK)
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"Consistent with our previous guidance, we expect fourth quarter gross margins to remain approximately flat as compared to the third quarter gross margins of 28%".
The company expects that average selling prices will be up for the first quarter of 2004.
As a result of the stronger pricing environment and broad-based strength in customer orders, the company expects revenues to grow by 5 to 6% sequentially in the first quarter of 2004 and expects that gross margins will increase to between 29 and 30%.
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