Onsemi — May 5, 2025 release

    Total onsemi GAAP     Special Items **     Total onsemi Non-GAAP***   Revenue   $1,400 to $1,500 million       -     $1,400 to $1,500 million   Gross Margin   36.4% to 38.4%       0.1%   36.5% to 38.5%   Operating Expenses   $300 to $315 million     $15 million     $285 to $300 million   Other Income and Expense (including interest), net   ($11 million)       -     ($11 million)   Diluted Earnings Per Share   $0.45 to $0.55     $0.03     $0.48 to $0.58   Diluted Shares Outstanding *   419 million       -     419 million   * Diluted shares outstanding can vary as a result of, among other things, the vesting of restricted stock units, the incremental dilutive shares from the convertible notes, and the repurchase or the issuance of stock or convertible notes or the sale of treasury shares. In periods when the quarterly average stock price per share exceeds $52.97 for the 0% Notes, and $103.87 for the 0.50% Notes, the non-GAAP diluted share count and non-GAAP net income per share include the anti-dilutive impact of the hedge transactions entered concurrently with the 0% Notes, and the 0.50% Notes, respectively. At an average stock price per share between $52.97 and $74.34 for the 0% Notes, and $103.87 and $156.78 for the 0.50% Notes, the hedging activity offsets the potentially dilutive effect of the 0% Notes, and the 0.50% Notes, respectively. In periods when the quarterly average stock price exceeds $74.34 for the 0% Notes, and $156.78 for the 0.50% Notes, the dilutive impact of the warrants issued concurr