Analysis: ON Semiconductor Corporation

US:ON

Why is ON Semiconductor Corporation stock rising?

  • AI data-center revenue is expected to more than double in 2026 as onsemi expands content across the full power tree.
  • China automotive silicon carbide revenue is expected to grow 60%-70% in 2026 as EV programs ramp.
  • Energy storage systems revenue is expected to grow about 40% in 2026, led by North American microgrid customers.
  • Vertical GaN sampling is underway, with first revenue expected in 2027.
  • onsemi expanded its role in NVIDIA's MGX ecosystem, adding AI data-center platform design opportunities.

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