ON Semiconductor CEO Signals Inflection Point Amid AI Growth
ON Semiconductor (ON) reported Q1 revenue of $1.513 billion with a 4.7% year-over-year increase, driven by strong sequential and annual growth in AI data center power. CEO Hassane El-Khoury described the quarter as an inflection point, signaling renewed growth potential. The stock initially fell 5% post-earnings but partially recovered.
Tickers: $ON
Topics: AI data center CEO commentary earnings growth strategy stock performance