Onsemi’s earnings report drops tomorrow after market close, and the chipmaker’s latest quarter delivered a surprise: $1.51B in revenue, up nearly 5% YoY, with EPS beating expectations and a solid outlook ahead. Analysts are now eyeing 8.2% revenue growth for this quarter — a sharp rebound from last year’s 15% drop. While past misses have marred their track record, rivals like Monolithic Power Systems and Impinj are soaring, hinting at a bullish analog chip sector. The broader market’s been volatile, with semiconductors down over 12% in the last month — Onsemi itself is down 14%. With an average analyst price target of $113 versus its current $81.34, investors are watching closely to see if this report can turn sentiment around.
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