onsemi Reports Q1 Earnings with Improved Order Patterns and AI Data Center Growth
ON Semiconductor (NASDAQ:ON) reported first-quarter revenue of $1.51 billion and non-GAAP EPS of $0.64, exceeding guidance midpoints despite a sequential decline in revenue by 1%. The company highlighted improved order patterns as an inflection point for recovery and noted strong growth from its AI data center business.
Tickers: $ON
Topics: ai_data_centers financial_performance semiconductors