The hunger for AI propels On Semiconductor! Revenue from data centers expected to more than double by 2026!
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Strong numbers: Q2 revenue rises by 9% to $1.604 billion, adjusted earnings per share significantly exceed expectations at $0.74 Growth driver AI: Revenue from AI data centers expected to more than double by 2026 Forecast raised: Strong outlook for Q3 drives stock up 7.5% in after-hours trading to $86 The release of the quarterly results for Q2 2026 triggered a positive stock reaction in the market. Shares of On Semiconductor (ON) rose by 7.5% in after-hours trading to $86. The main reason for investors' optimism is the accelerated expansion...
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