- Onsemi forecast Q3 revenue of $1.65 billion to $1.75 billion; the $1.70 billion midpoint exceeds the $1.67 billion analyst average compiled by LSEG.
- Q2 revenue reached $1.604 billion, up 9% year over year, while non-GAAP diluted EPS was $0.74.
- The company is pursuing a $7 billion all-stock acquisition of Synaptics announced in June to expand its exposure to AI devices and robotics demand.