The company reported Q2 2026 revenue of $1.604 billion, a 9% jump from the $1.469 billion it posted a year ago, with non-GAAP earnings per share of $0.74 clearing the consensus estimate of roughly $0.71. Power solutions and AI demand are doing the heavy liftingThe star of the earnings report was onsemi’s Power Solutions Group, which pulled in $829 million in revenue. That’s a 19% increase year-over-year, driven largely by growing demand for intelligent power management in AI data centers. AdvertisementCEO Hassane El-Khoury projected that the company’s AI data center revenue will more than double by the end of 2026. Forward guidance suggests momentum isn’t fadingFor Q3 2026, onsemi guided revenue between $1.65 billion and $1.75 billion.