The semiconductor firm projects Q3 earnings per share between $0.81 and $0.93 amid strong AI-driven demand growth.
Onsemi expects artificial intelligence-related data center revenue to more than double by Q2 2026, reflecting accelerating demand for its semiconductor solutions. The company guided third-quarter earnings per share to a range of $0.81 to $0.93, signaling confidence in its growth trajectory.
The outlook follows a period of rising investment in AI infrastructure, with data center operators expanding capacity. Onsemi’s guidance aligns with broader industry trends, where semiconductor firms are benefiting from increased spending on high-performance computing.
Shares of Onsemi may react positively to the upbeat forecast, though market response will depend on broader sector sentiment and macroeconomic conditions.