onsemi Forecasts 140% AI Data-Center Revenue Growth for 2026

onsemi expects AI data-center revenue to reach about $620 million in 2026, up 140% from a year earlier, after quarterly sales grew faster than the company’s overall revenue.

President and CEO Hassane El-Khoury gave the outlook Monday, Nov. 2. onsemi also expects the business to double in 2027 from a higher base. Both figures are forecasts, not completed sales results.

The AI data-center business generated $180.2 million in the third quarter ended Oct. 2, compared with $65.6 million in the same period in 2025. “AI data center revenue grew 39% sequentially and 175% year-over-year,” El-Khoury said.

The growth rates cover different periods: 140% is the forecast for full-year 2026 against 2025, while 175% compares the third quarter with the year-earlier quarter. The 39% increase measures Q3 against Q2. For the first nine months of 2026, AI data-center revenue totaled $413.2 million, versus $179 million in the same period of 2025.

Across all businesses, onsemi recorded third-quarter revenue of $1.7223 billion, up 11% year over year. The company’s fourth-quarter revenue outlook is $1.715 billion to $1.815 billion.

onsemi reallocated supply toward industrial and AI data-center markets amid stronger demand. Automotive revenue was $776.7 million for the quarter, compared with $787.3 million a year earlier.

The company reported AI data-center revenue separately in Q3. In Q2, it had grouped those sales within “Other,” alongside computing, consumer, networking and communications.

onsemi also agreed to acquire Ferric for $600 million in cash, with up to $175 million in additional payments tied to revenue milestones.