Onsemi, a Scottsdale, Arizona-based chipmaker focused on power and sensing technologies, forecast third-quarter revenue of US$1.65 billion to US$1.75 billion on Aug. 3.

The midpoint topped analysts’ US$1.67 billion estimate, helped by stronger demand for power-management chips used in AI data centers.

The company reported second-quarter revenue of US$1.6 billion and adjusted earnings of US$0.74 per share, compared with estimates of US$1.59 billion and US$0.71.

It also projected third-quarter adjusted earnings of US$0.81 to US$0.93 per share, vs. analysts’ US$0.83 estimate.

Onsemi said AI data centers are now its fastest-growing business.

The company is also pursuing its proposed US$7 billion all-stock acquisition of Synaptics, announced in June, to expand into edge AI computing, connectivity, and human-machine interface products.

The deal is expected to close in mid-2027, subject to Synaptics shareholder and regulatory approvals.

Onsemi also said in July that it had sold two manufacturing facilities as part of its Fab Right strategy.

Its shares fell 1.5% in after-hours trading.

🔗 Source: Reuters

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