Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

On Semiconductor beats Q1 earnings and revenue estimates but stock falls 4.4% in after-hours trading

Company Fundamentals
04 May 2026
Erica Kollmann
View Source
Bearish
pluang ai news

On Semiconductor reported Q1 earnings of 64 cents per share, beating analyst estimates of 60 cents by nearly 7%, and revenue of $1.51 billion, surpassing the $1.49 billion consensus. The company highlighted strong growth in its AI data center business, which more than doubled year-over-year and grew over 30% sequentially. CEO Hassane El-Khoury noted demand strengthened through the quarter, signaling recovery beyond the cyclical trough. For Q2, On Semiconductor expects adjusted EPS between 65 and 77 cents and revenue between $1.535 billion and $1.635 billion, both above analyst estimates. Despite the strong results, the stock dropped 4.41% to $97.54 in after-hours trading.

More News

Cortea raises €12M to launch AI tools enhancing audit quality and efficiency for firms in UK, US, and Germany.

Cortea raises €12M to launch AI tools enhancing audit quality and efficiency for firms in UK, US, and Germany.

Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...

Others
Bullish
1 hour ago
Cortea raises €12M to help auditors use AI without losing quality

Cortea raises €12M to help auditors use AI without losing quality

Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...

Company Fundamentals
Bullish
1 hour ago
Hong Kong launches 'Summer Fun' with events, discounts, and exclusive offers to boost tourism this summer.

Hong Kong launches 'Summer Fun' with events, discounts, and exclusive offers to boost tourism this summer.

Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign featuring a series of vibrant summer events including the 50th Sun Life Hong Kong International Dragon Boat Festival, Pixar Summer Fest, and a major football event with top Euro...

Market News
Bullish
1 hour ago
Hong Kong launches "Summer Fun" with citywide events and massive deals through August.

Hong Kong launches "Summer Fun" with citywide events and massive deals through August.

Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign, featuring festivals, family attractions, sports events, and exclusive summer deals valid until August 31. Highlights include the 50th Sun Life Hong Kong International Dragon Bo...

Market News
Bullish
1 hour ago
XTransfer named to FXC Intelligence’s Top 100 Cross-Border Payments Companies for 2026 again

XTransfer named to FXC Intelligence’s Top 100 Cross-Border Payments Companies for 2026 again

XTransfer has been recognized for the second consecutive year in FXC Intelligence’s 2026 Top 100 Cross-Border Payments Companies list, highlighting its role in advancing global B2B payment solutions. The company, serving over 890,000 enterprises in 2...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App