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onsemi Expects AI Data Center Revenue to Double
#data-centers#semiconductors#power-management#revenue-growthonsemi-ai-data-center-businessonsemihassane-el-khoury
💡onsemi expects AI data center revenue to more than double, signaling broader semiconductor demand beyond GPUs.
⚡ 30-Second TL;DR
What Changed
Q2 2026 revenue reached $1.604 billion, increasing 9% year over year.
Why It Matters
The forecast indicates that AI infrastructure demand is expanding beyond GPUs into power, sensing, and other semiconductor components supplied by companies such as onsemi. AI hardware builders should expect continued competition for qualified power-management and data-center silicon capacity.
What To Do Next
Review your 2026 AI infrastructure procurement plan for exposure to onsemi power and semiconductor components, and request updated lead-time and allocation commitments.
Who should care:Enterprise & Security Teams
Key Points
- •Q2 2026 revenue reached $1.604 billion, increasing 9% year over year.
- •GAAP gross margin was 38.4%, while non-GAAP gross margin reached 39.3%.
- •Non-GAAP operating margin was 20.8%, and non-GAAP diluted EPS was $0.74.
- •onsemi expects AI data center revenue to grow more than 2x during 2026.
🧠 Deep Insight
AI-generated analysis for this event.
🔑 Enhanced Key Takeaways
- •onsemi's growth in the AI sector is primarily driven by its EliteSiC silicon carbide power solutions and advanced power management integrated circuits (PMICs) designed for high-density AI server racks.
- •The company is benefiting from a strategic shift toward 'intelligent power' and 'sensing' technologies, moving away from commoditized automotive segments that faced inventory corrections in late 2025.
- •onsemi has secured multiple design wins with major hyperscalers, specifically targeting the power delivery networks (PDN) required for next-generation GPU clusters that demand higher current and efficiency.
- •The company's manufacturing strategy relies heavily on its internal 300mm wafer fabrication capabilities, which management claims provides a significant cost advantage over competitors relying on external foundries for SiC production.
- •Despite the AI growth, onsemi continues to navigate a challenging automotive market, where electrification adoption rates have slowed compared to initial 2024 projections, forcing a rebalancing of their product mix.
📊 Competitor Analysis▸ Show
| Feature/Metric | onsemi | Infineon Technologies | STMicroelectronics | Wolfspeed |
|---|---|---|---|---|
| Primary AI Focus | Power Delivery/PMIC | Power Semiconductors | Power/Sensing | SiC Wafer Supply |
| SiC Strategy | Internal 300mm Fab | Hybrid/Foundry | Internal/Partnership | Pure-play SiC |
| Market Position | Strong in AI Power | Market Leader (Power) | Strong in Auto/Ind | SiC Specialist |
🛠️ Technical Deep Dive
- EliteSiC Technology: Utilizes silicon carbide MOSFETs to achieve higher switching frequencies and lower thermal dissipation, critical for AI data center power supplies.
- High-Density PMICs: Specialized power management chips designed to handle the massive current requirements of AI accelerators (GPUs/TPUs) while minimizing energy loss.
- 300mm Wafer Production: Transitioning SiC manufacturing to 300mm wafers to improve yield and reduce per-unit costs compared to traditional 150mm or 200mm processes.
- Intelligent Sensing: Integration of image sensors and LiDAR components that complement power solutions in broader industrial and data center automation applications.
🔮 Future ImplicationsAI analysis grounded in cited sources
onsemi will achieve a higher non-GAAP gross margin profile by 2027.
The shift toward high-margin AI data center power products is expected to offset the lower-margin legacy automotive and industrial segments.
onsemi will increase capital expenditure on 300mm SiC fabrication facilities.
To maintain the projected revenue growth in AI, the company must scale its internal manufacturing capacity to meet the rising demand for high-efficiency power components.
⏳ Timeline
2023-05
onsemi announces expansion of its silicon carbide manufacturing capacity in the Czech Republic.
2024-02
Company reports record annual revenue for 2023, highlighting growth in automotive and industrial sectors.
2025-05
onsemi shifts strategic focus toward AI data center power infrastructure amid cooling automotive demand.
2026-02
onsemi announces successful ramp-up of 300mm SiC wafer production capabilities.
2026-05
Company reports Q1 2026 results, signaling the beginning of the AI-driven revenue acceleration.
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Original source: 36氪 ↗