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onsemi posts Q2 revenue growth as it moves toward an AI stack
The company reported about 9% Q2 revenue growth to roughly $1.6 billion and said its margin gains are alongside continued buybacks.
onsemi reported Q2 revenue growth of about 9% to roughly $1.6 billion, citing margin gains as shares rose more than 5% while buybacks continued to support the stock’s recovery, according to MarketBeat Ratings.
The semiconductor maker also outlined its push deeper into physical AI, including a planned acquisition of Synaptics. The rationale, as described by MarketBeat Ratings, is to add Synaptics’ software stack and adjacent devices so onsemi can shift from a hardware-only approach toward a more complete intelligent systems offering.
MarketBeat Ratings framed the data center buildout as a current demand driver, tied to applications across the data center power tree, while pointing to longer-term opportunities in edge computing, robotics, and autonomous machines. It noted that the Synaptics deal is meant to help onsemi mature its position in these areas.
The outlet also linked onsemi’s strategy to its NVIDIA partnership, which focuses on infrastructure architecture and power supply with onsemi supplying sensing, power, and edge integration, and said next moves could determine whether the company expands beyond a niche role in physical AI.