Onsemi Rallies Toward Highs on AI Data‑Center Surge as Analysts Lift Targets

Overview

• The chipmaker, which posted first‑quarter results May 4, beat forecasts with $1.51 billion in revenue and $0.64 adjusted EPS.
• AI data‑center sales rose 30% from the prior quarter, with management guiding that this business will double over 2026.
• Shares are up about 90% this year near $103, with brokers raising targets to as high as $125 even as the average sits at $87.27.
• Heavy restructuring costs of $329.3 million produced a GAAP net loss of $33.4 million and a 3.5% operating margin in the quarter.
• The “Fab Right” shift to 300mm factories is boosting cash generation and funding a $6 billion buyback, with leadership tracking to more than $2 billion in yearly free cash flow.