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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.

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