The chipmaker reported second-quarter results on Aug. 3 that showed improving revenue, profitability and free cash flow. Onsemi (ON) also said its AI data-center business remains its fastest-growing operation, broadening a growth story long centered on autos and industrial chips. Onsemi earnings strengthen the AI growth caseOnsemi reported second-quarter revenue of $1.604 billion, up 9% from a year earlier. Related: Duolingo earnings put a Wall Street warning to the testManagement now expects AI data-center revenue to more than double in 2026, while highlighting expanded participation in Nvidia's MGX ecosystem and additional AI data-center platform wins. The $1.70 billion revenue midpoint and $0.87 EPS midpoint both sit above the consensus figures cited in BofA's note.