Description

ON Semiconductor Is Not Just An Auto Chip Play — NVIDIA MGX & AWS Change The Story!

Onsemi’s second quarter results for 2026 illustrate ongoing progress in its strategic reshaping and portfolio repositioning, with revenue reaching $1.6 billion—a 9% increase year-over-year—and non-GAAP diluted earnings per share of $0.74, both above midpoint guidance. The company reported a non-GAAP gross margin of 39.3%, marking the fourth consecutive quarter of margin expansion, driven by improved manufacturing performance, favorable product mix, and operating leverage amid recovering demand across multiple markets. A key highlight is the continued strength and rapid growth of the AI data center segment, expected to more than double revenue in 2026. Onsemi has secured design wins with major hyperscalers, including NVIDIA MGX, AWS, and China’s Great Wall, expanding content across the “power tree” from high-voltage silicon carbide solutions to low-voltage power delivery. This diversified exposure positions the company as a comprehensive supplier for AI infrastructure power needs.