ON Semiconductor's Q1 results exceeded expectations, with data center revenue increasing by a whopping 30% compared to the previous quarter.

According to the financial news app, simulated chip manufacturer ON Semiconductor (ON.US) announced its financial performance for the first quarter of 2026 after the market closed on Monday. The company's quarterly revenue increased by 5% year-on-year to $1.51 billion, which is higher than the market's expected $1.49 billion; adjusted earnings per share were $0.64, higher than the market consensus of $0.62. According to GAAP standards, the loss per share was $0.08, compared to a loss per share of $1.15 in the same period in 2025.