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2 clusters · 12 sources · 4 days · First seen · Last updated

Onsemi AI chip revenue growth

Overview

Onsemi reported a strong earnings quarter and reaffirmed its revenue outlook as demand for AI data‑center power‑management chips accelerated. On August 3, the company forecast third‑quarter revenue of $1.65‑$1.75 billion, said total revenue would more than double by 2026, highlighted a $7 billion all‑stock acquisition of Synaptics, and noted new platform wins with China’s Great Wall cloud provider. By August 6, Onsemi’s Q2 results showed $1.604 billion in revenue and a 39.6 % year‑over‑year earnings increase, driven by the same AI data‑center demand and a near‑60 % jump in silicon‑carbide sales. The firm also repurchased $332 million of stock and kept its Q3 revenue guidance in the $1.65‑$1.75 billion range, underscoring continued growth momentum in its AI‑focused power solutions.

Entities

Great Wall · David Michael Allemann · Onsemi · Quantinno Capital Management LP · ON Semiconductor

Timeline

  1. 5 days ago

    [BUSINESS] 6 sources
    ConocoPhillips posts $3.95bn Q2 profit as ON Semiconductor beats earnings, AI demand drives growth

    ConocoPhillips posted $3.95 bn Q2 profit on higher energy prices, while ON Semiconductor beat earnings, driven by AI data‑center demand and strong silicon‑carbide sales.

  2. 9 days ago

    [BUSINESS] 9 sources
    Onsemi projects revenue surge as AI data‑center chip demand rises

    Onsemi forecasts Q3 revenue of $1.65‑$1.75 bn, above estimates, and expects revenue to double by 2026 on AI data‑center chip demand. Q2 results show 9 % revenue growth, EPS up, and a $7 bn Synaptics acquisition

Sources

globalenergy.mx · it-boltwise.de · last10k.com · mix929.com · mommygearest.com · primicia.com.ve · pulse2.com · seekingalpha.com · srnnews.com · stocknews.com · tradingview.com · wixx.com