As a leading semiconductor manufacturer with over 80,000 different parts including advanced MOSFETs, Image Sensors, and Silicon Carbide technology (EliteSiC), onsemi serves tens of thousands of customers globally. Q1 2026 guidance projects revenue between $1.44-1.54 billion with expected first year-over-year growth since the market downturn, driven by automotive and AI sectors. The company is benefiting from dual tailwinds in EV/automotive electrification and emerging AI data center demand.
Cyborg Score Rationale
The company achieved record free cash flow of $1.4 billion (24% of revenue) with a 38.4% non-GAAP gross margin. High teens growth is projected for the AI data center market with early signs of recovery in industrial markets. However, 2025 revenue declined 15.35% to $6.00 billion from $7.08 billion, reflecting recent market headwinds.
Top Insights
AI revenue doubled year-over-year every quarter in 2025 with $250M FY2025 guidance, indicating strong secular tailwind momentum
Record free cash flow conversion at 24% of revenue signals operational discipline despite top-line pressure in 2025
Focus on power semiconductors (SiC, GaN) for AI data centers and EV electrification addresses two of the highest-growth end-markets
Strategic exit of $300M non-core revenue in 2026 narrows focus to higher-margin, faster-growing segments
Named Competitors
Analog Devices — Mixed-signal and DSP semiconductors
NXP Semiconductors — Automotive and industrial semiconductor solutions