ON Semiconductor Corporation (ON) Earnings Call Transcripts

ON Semiconductor Corporation's Latest Earnings Call - June 3, 2026

In the Q2 2026 earnings call for ON Semiconductor Corporation, management highlighted a positive inflection point in demand, particularly in the automotive and AI data center segments. The company reported revenue growth driven by strong bookings and backlog visibility, indicating a shift from under-shipping to meeting end demand. Revenue guidance for the second half of 2026 was raised, with expectations for continued growth in the automotive sector and AI data center business, which is projected to double year-over-year. Overall, ON Semiconductor is positioned to benefit from a recovering market, with management emphasizing a robust pipeline of design wins and a favorable pricing environment.

Reported metrics

Guidance from management

Management raised guidance for the second half of 2026, indicating stronger than expected demand in both automotive and AI data center segments, with expectations for continued revenue growth.

What management said

So looking forward, you have the replenishment. You still have the tailwinds that are yet to come. But where we are today, that's where the bottom is there, but we're not off to the races as yet, which is fine because there's still headroom.

Yes. And if you take all of that and you put some data to it, if we look out to Q3 and Q4 today, we're better booked out in those quarters than we were last year or the previous year. So while we keep looking to make sure we're not going to see a head fake. Everything Hassane described, customers are actually layering in the backlog further out than they have in the past. That gives us that confidence the market's re...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the automotive recovery and the potential for geopolitical risks impacting demand. There were questions about the competitive landscape in silicon carbide and the ability to maintain gross margins amidst rising input costs.

Main topics on the call

• Revenue Growth Acceleration — Management noted that the AI data center business performed '2x better than what we expected walking into the quarter,' contributing to a positive outlook for revenue growth. Additionally, they indicated that 'bookings m...
• Automotive Market Dynamics — The automotive segment is experiencing a shift from under-shipping to meeting demand, with management stating, 'we have ship to end demand now from an under-shipping to burn inventory to end demand.' This indicates a gra...
• AI Data Center Growth — Management highlighted the AI data center segment as a key growth driver, with expectations to double revenue this year. They emphasized the importance of 'high voltage' capabilities in this market, which will significan...
• Silicon Carbide Strategy — ON Semiconductor's approach to silicon carbide was clarified, with management stating, 'we have consistently had the best devices generation after generation in silicon carbide.' This positions them favorably against com...

Read the full ON Semiconductor Corporation transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 86 ON Semiconductor Corporation earnings call transcripts on record, spanning January 7, 2020 to June 3, 2026. Based on this history, ON Semiconductor Corporation reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ON

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

86

First call

January 7, 2020

Most recent

June 3, 2026

Reporting cadence

quarterly