Onsemi Forecasts Q2 Revenue Above Wall Street Estimates
Onsemi expects second-quarter revenue between $1.54 billion and $1.64 billion. CEO Hassane El-Khoury noted a recovery in silicon carbide chip demand for EVs.
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ON SEMICONDUCTOR forecast second-quarter revenue up to $1.64B on Monday, exceeding LSEG estimates of $1.53B. The outlook follows a first-quarter revenue beat of $1.51B as automotive chip demand stabilized. Investors are tracking Onsemi's recovery from a cyclical trough driven by silicon carbide demand in electric vehicles.
