Onsemi just smashed Q2 expectations with $1.6 billion in sales, up 9.2% year-over-year, and delivered a brighter-than-expected outlook—boosting its stock and signaling stronger momentum in auto and data center chips. Inventory dropped from 200 to 189 days, a key sign of improved demand. While past growth has been shaky, this quarter proves the company’s new products are gaining traction, with analysts forecasting steady gains ahead.
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