PHOENIX–(BUSINESS WIRE)–onsemi (the “Company”) (Nasdaq: ON) today announced results for the second quarter of 2022 with the following highlights: Record revenue of $2,085.0 million, an increase of 25% year-over-year Record GAAP and non-GAAP gross margin of 49.7% GAAP operating margin of 28.0% increased 1,110 basis points year-over-year Record non-GAAP operating margin of 34.5% increased 1,490 basis points year-over-year GAAP diluted earnings per share of $1.02 as compared to $0.42 in the quar