- ON Semiconductor projected Q3 revenue between $1.65 billion and $1.75 billion, with the midpoint exceeding Wall Street expectations of $1.67 billion.
- The company expects Q3 adjusted EPS to range from $0.81 to $0.93, surpassing analyst estimates of $0.83.
- For Q2, the chipmaker reported adjusted EPS of $0.74 on revenue of $1.6 billion, meeting or beating consensus estimates.
- AI data center power management chips represent the company's fastest-growing segment, with revenue projected to more than double in 2026.
Quotes
“Our second quarter results reflect the progress we have made in reshaping the business and our technology portfolio over the past several years and the strengthening demand environment”