📊Executive Summary

ON Semiconductor reported strong Q2 2026 results, with revenue of $1.6 billion, driven by demand in AI data centers and energy storage systems. However, the company is facing extended product lead times of approximately 32 weeks due to tightening supply in growth areas, necessitating a second round of price increases to maintain margins. Automotive revenue saw a slight decline due to seasonal factors in Europe, while manufacturing utilization increased to 83%. The company anticipates continued growth in AI data center revenue and energy storage systems, but must navigate rising input costs and supply constraints....