ON Semiconductor reports Q4 2014 results showing that image sensor products now constitute 19% of the company revenues. ON Semi CFO, Bernard Gutmann, says: "Revenue for our Image Sensor Group was approximately $166 million, as compared to approximately $104 million in the third quarter. The increase of approximately $62 million was driven primarily by inclusion of Aptina for the full quarter."
Other notable quotes from the earnings call:
"Integration of Truesense is effectively complete, and integration of Aptina Imaging is progressing well. For the fourth quarter, Aptina was nicely accretive to our non-GAAP net income, which excludes the impact of such items as costs related to restructuring, fair market value step up of inventory, amortization of intangibles, and other special items. We remain on track to deliver projected financial results provided at the time of announcement of our acquisition of Aptina."
"Based on our experience with the business during last few months, I am very confident of archiving the profitability targets for Aptina. In fact, I am pleased to report that financial performance of Aptina so far has significantly exceeded our expectations. Aptina should enable us to drive growth in the industrial and automotive market in a significant manner. The strategic value of Aptina was further reinforced by extremely positive reaction from many of our customers, especially in the automotive and industrial end-markets."
"Demand from action sports camera customers was stronger than expected during the quarter for our image sensor solutions. We continued to see increasing adoption of 13 megapixel image sensor solutions for mainstream consumer mobile designs. There was also a strong push for Fast Focus and OIS solutions at 13 megapixel and higher."
Other notable quotes from the earnings call:
"Integration of Truesense is effectively complete, and integration of Aptina Imaging is progressing well. For the fourth quarter, Aptina was nicely accretive to our non-GAAP net income, which excludes the impact of such items as costs related to restructuring, fair market value step up of inventory, amortization of intangibles, and other special items. We remain on track to deliver projected financial results provided at the time of announcement of our acquisition of Aptina."
"Based on our experience with the business during last few months, I am very confident of archiving the profitability targets for Aptina. In fact, I am pleased to report that financial performance of Aptina so far has significantly exceeded our expectations. Aptina should enable us to drive growth in the industrial and automotive market in a significant manner. The strategic value of Aptina was further reinforced by extremely positive reaction from many of our customers, especially in the automotive and industrial end-markets."
"Demand from action sports camera customers was stronger than expected during the quarter for our image sensor solutions. We continued to see increasing adoption of 13 megapixel image sensor solutions for mainstream consumer mobile designs. There was also a strong push for Fast Focus and OIS solutions at 13 megapixel and higher."
