"onsemi (ON) reported financial results reflecting improving conditions following a prolonged semiconductor downturn. The company posted revenue of $1.51 billion, compared with $1.86 billion in Q1 2024. Non-GAAP EPS was $0.64."
"For Q2 2026, onsemi provided revenue guidance between $1.40 billion and $1.50 billion. The company expects gross margins to range from approximately 36% to 38% on a non-GAAP basis."
"onsemi CEO Hassane El-Khoury stated during the company's recent earnings call that the company continues to focus on silicon carbide and intelligent power solutions tied to automotive electrification and AI infrastructure opportunities."
"In the U.S., EV sales fluctuated significantly in 2025 driven by a rush to purchase EV in January before a 25% tariff increase on imported cars and auto parts imposed by president Trump in April, the and the termination of the $7,500 federal tax credit on September 30th, which was followed by a rise in the price of EVs."
onsemi reported Q1 2026 results showing improving conditions after a prolonged semiconductor downturn. Revenue totaled $1.51 billion, down from $1.86 billion in Q1 2024, and non-GAAP EPS was $0.64. The company operates three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. For Q2 2026, onsemi guided revenue between $1.40 billion and $1.50 billion and expected non-GAAP gross margins of approximately 36% to 38%. The Power Solutions Group focus includes silicon carbide and intelligent power solutions tied to automotive electrification and AI infrastructure opportunities. EV market fluctuations in the U.S. affected silicon carbide demand dynamics as suppliers expanded capacity.
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