Looking ahead into the third quarter, the company projects revenue of about $1.485 billion to $1.535 billion. The revenue estimate is based on product booking trends, backlog levels and estimated turns levels. This outlook includes anticipated stock-based compensation expense of about $19-21 million. Net cash paid for income taxes is predicted to be $11-15 million.
Looking ahead into the third quarter, the company projects revenue of about $1.485 billion to $1.535 billion
ON Semiconductor predicts the gross margin of 38-39% on a GAAP basis and 38.1-39.1% on a non-GAAP basis for the third quarter of 2018. Operating expenses are anticipated to be $348 million to $366 million and non-GAAP operating expenses are expected to be $319 million to $333 million.
Shares of ON Semiconductor ended Friday’s regular trading session down 1.95% at $23.15 on the Nasdaq. The stock had been trading between $14.60 and $27.10 for the past 52 weeks.