ON Semiconductor Corporation (ON) Earnings Call Transcripts

ON Semiconductor Corporation's Latest Earnings Call - August 27, 2026

In the Q2 2026 earnings call for ON Semiconductor Corporation, management highlighted a positive outlook driven by improving demand across various end markets, particularly in AI data centers and automotive. The company reported revenue growth that exceeded expectations, with a strong emphasis on their ability to meet increasing demand without significant capital expenditures. Management raised their guidance for AI data center revenue, now expecting it to more than double year-on-year, indicating robust growth potential. Overall, ON Semiconductor's strategic positioning in high-growth sectors signals a favorable trajectory for the stock moving forward.

Reported metrics

Guidance from management

Management maintained a positive outlook for the remainder of 2026, particularly in AI data centers, with expectations for revenue to more than double year-on-year. They indicated that utilization rates are expected to continue improving, which will support gross margin expansion.

What management said

So we took some capacity offline. So if you think about where we were before, it was kind of in the mid-80s, fully utilized for us is in that kind of 92%, 93%. So you can see we're getting there.

Yes. So we're -- obviously, we'll be talking to that in a lot more detail at our -- coming up at our Analyst Day on -- if you haven't seen the announcement, we're having our Analyst Day on September 16.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of demand in the automotive sector amidst a flat SAAR. There were also questions about potential pricing pressures and how effectively the company can manage costs in an inflationary environment.

Main topics on the call

• AI Data Center Growth — Management indicated that the outlook for AI data center revenue has been raised from doubling to 'more than doubling year-on-year.' This growth is attributed to strong demand and successful product penetration across va...
• Automotive Market Stability — While automotive demand remains stable, management noted that they expect automotive growth of about 6% year-on-year, driven by electrification trends. The company is successfully delivering high single-digit growth abov...
• Utilization Rate Improvement — Utilization rates have improved significantly, rising from 68% at the end of last year to 83% currently. Management expects further increases, which will positively impact gross margins as they leverage capacity more eff...
• Pricing Strategy Amid Cost Inflation — Management confirmed that they are implementing price increases to offset rising input costs due to inflation, indicating a proactive approach to maintaining margins in a challenging cost environment.

Read the full ON Semiconductor Corporation transcript (August 27, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 89 ON Semiconductor Corporation earnings call transcripts on record, spanning January 7, 2020 to August 27, 2026. Based on this history, ON Semiconductor Corporation reports quarterly. The most recent call on file is dated August 27, 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

89

First call

January 7, 2020

Most recent

August 27, 2026

Reporting cadence

quarterly