ON Semiconductor Q1: Turnaround Real, AI Data Centers Surge

ON Semiconductors Q1 earnings show a promising turnaround, with $1.51 billion in revenue, beating guidance and featuring 38.5% gross margins. AI data centers surged, and automotive held steady, with silicon carbide gaining share in China EVs. The company is returning cash to shareholders and focusing on high-growth areas. Q2 guidance predicts revenue growth and margin expansion, setting ON Semi up for leverage as recovery builds. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2c86b1ff4edafdde