
• Reported GAAP EPS of -$0.08 up 93.04% YoY • Reported revenue of $1.51B up 4.68% YoY • onsemi projects second quarter 2026 non-GAAP revenue between $1.54B and $1.64B, with gross margin expected to be 38.0% to 40.0% and diluted earnings per share from $0.65 to $0.77.
Bullish
onsemi exceeded revenue guidance in Q1 2026 due to strengthening demand, with AI data center revenue more than doubling. The company also demonstrated strong operating leverage and returned capital to shareholders.
Bearish
onsemi reported a GAAP operating loss and diluted loss per share in Q1 2026, driven by significant restructuring charges. The company also experienced a sequential revenue decline, particularly in its AMG segment.