ON Semiconductor posts strong Q3 amid AI demand By Investing.com
Update: 2025-11-03
Description
ON Semiconductor exceeded Wall Street expectations with a $1.55 billion revenue and adjusted earnings per share of $0.63 in Q3. The company predicts Q4 revenue between $1.48 and $1.58 billion and earnings per share between $0.57 and $0.67. The strong performance is attributed to stabilizing AI chip market and new demand from AI-focused industries like automotive and manufacturing. ON Semiconductor is expanding its energy-efficient chip lineup to stay competitive in the smart and connected devices market.
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