Onsemi Projects Strong AI Growth. Semiconductor manufacturer onsemi has provided encouraging guidance for the second quarter of 2026, projecting earnings per share between $0.65 and $0.77 while forecasting revenue in the range of $1.535 billion to $1.635 billion. The company's most significant development involves its artificial intelligence data center business, which management expects to double year-over-year throughout 2026. This substantial growth trajectory reflects the accelerating demand for semiconductor solutions supporting AI infrastructure and cloud computing expansion globally. During the first quarter earnings call, executives highlighted margin expansion as a key performance metric, indicating improved operational efficiency and pricing power within their product portfolio.
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