# Onsemi guides Q3 revenue above estimates on AI data center power chips

_Monday, August 3, 2026 at 6:19 PM EDT · Infrastructure, AI, Products · Latest · Tier 2 — Notable_

![Onsemi guides Q3 revenue above estimates on AI data center power chips — Primary](https://www.srnnews.com/media/2026/08/178579473039060y3JtvYSAYR.jpg?x39338)

Chipmaker Onsemi forecast third-quarter revenue above Wall Street expectations, citing surging demand for power management chips used in AI data centers, Reuters reported.

The company guided third-quarter revenue to $1.65 billion to $1.75 billion, a midpoint above analysts' $1.67 billion average estimate from LSEG data. CEO Hassane El-Khoury said AI data center remains its fastest-growing business and that it now expects that revenue to more than double in 2026.

Second-quarter revenue was $1.6 billion, in line with expectations of $1.59 billion. Adjusted earnings per share were $0.74, above estimates of $0.71. Third-quarter adjusted EPS is expected at $0.81 to $0.93, midpoint above the $0.83 estimate. Shares were down 1.5% after the bell.

Reuters said the results come as Onsemi pursues its biggest deal yet, a $7 billion all-stock acquisition of Synaptics announced in June, aimed at AI devices and robotics demand. The company is also advancing its Fab Right cost-cut strategy and in July sold two manufacturing facilities as part of that plan.

## Sources

- [Reuters](https://srnnews.com/onsemi-forecasts-upbeat-revenue-on-surging-ai-data-center-chip-demand/)

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