On Semiconductor Corp. (NASDAQ:ON) posted its second-quarter results after Monday’s closing bell, beating analysts’ estimates and guiding for AI data center revenue to more than double.
Here’s a look at the details inside the report.
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On Semiconductor Q2 Details
On Semi reported quarterly earnings of 74 cents per share, which beat the Street estimate of 71 cents, according to Benzinga Pro data.
Quarterly revenue of $1.6 billion, which beat the analyst consensus estimate of $1.59 billion and was up from $1.47 billion in the same period last year.
Non-GAAP gross margin was 39.3% and non-GAAP operating margin was 20.8% for the quarter.
“We delivered revenue, gross margin and earnings per share above the midpoint of guidance, reflecting strengthening demand, particularly across AI-driven applications, and growing customer adoption of our differentiated solutions, including Treo and our high voltage power solutions,” said Hassane El-Khoury, CEO.
“AI data center remains our fastest-growing business, and we now expect revenue to more than double in 2026, demonstrating the strength of our intelligent power portfolio and growing customer adoption across the power tree,” El-Khoury added.
ON Stock Price Activity: According to data from Benzinga Pro, On Semiconductor stock was up 5.35% to $84.70 in Monday’s extended trading.
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