Onsemi — Feb 10, 2025 release

       Total onsemi GAAP   Special Items **   Total onsemi Non-GAAP ***       Revenue     $1,350 to $1,450 million   —   $1,350 to $1,450 million   Gross Margin    38.9% to 40.9%   0.1%   39.0% to 41.0%  Operating Expenses    $329 to $344 million   $16 million   $313 to $328 million  Other Income and Expense (including interest expense), net    ($14 million)   —   ($14 million)  Diluted Earnings Per Share    $0.42 to $0.52   $0.03   $0.45 to $0.55  Diluted Shares Outstanding *    426 million   1 million   425 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 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 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 Company’s hedge transactions issued 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 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 concurrently with such notes are included in the diluted shares outstanding. GAAP and non-GAAP diluted share counts are based on the average stock price for the