Onsemi forecasts upbeat revenue on surging AI data center chip demand

Economic Times TechAugust 4, 2026en

Onsemi anticipates third-quarter revenue exceeding Wall Street expectations. This growth stems from surging demand for power management chips. The company expects AI data center revenue to more than double by 2026. Onsemi also reported second-quarter results in line with analyst estimates. Shares saw a slight decline after the company's positive outlook was released.

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