ON Semiconductor (NASDAQ:ON) reported quarterly earnings of $0.74 per share which beat the analyst consensus estimate of $0.71 by 2.78 percent. This is a 39.62 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $1.603 billion which beat the analyst consensus estimate of $1.588 billion by 0.96 percent. This is a 9.18 percent increase over sales of $1.469 billion the same period last year.