{"id":119530,"date":"2025-11-03T15:15:11","date_gmt":"2025-11-03T15:15:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/119530\/"},"modified":"2025-11-03T15:15:11","modified_gmt":"2025-11-03T15:15:11","slug":"chipmaker-onsemi-beats-quarterly-estimates-on-ai-driven-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/119530\/","title":{"rendered":"Chipmaker Onsemi beats quarterly estimates on AI-driven demand"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -Onsemi beat Wall Street estimates for third-quarter revenue and profit on Monday, helped by an <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> boom that has boosted demand for its chips used in data centers.<\/p>\n<p class=\"yf-1090901\">The company&#8217;s products that manage power consumption in AI data centers have shown growth, even as automotive clients are spending cautiously on the company&#8217;s silicon carbide chips amid sluggish electric vehicle demand in Europe and North America.<\/p>\n<p class=\"yf-1090901\">&#8220;We&#8217;re seeing continued signs of stabilization across our core markets, as well as positive growth in AI,&#8221; Onsemi Chief Executive Hassane El-Khoury said in a statement.<\/p>\n<p class=\"yf-1090901\">For the third quarter, Onsemi reported a revenue of $1.55 billion, beating analysts&#8217; average estimate of $1.52 billion, according to data compiled by LSEG.<\/p>\n<p class=\"yf-1090901\">Quarterly adjusted profit came in at 63 cents per share, beating analysts&#8217; average estimate of 59 cents.<\/p>\n<p class=\"yf-1090901\">The company expects fourth-quarter revenue between $1.48 billion and $1.58 billion, the mid point of which was largely in line with the estimate of $1.53 billion.<\/p>\n<p class=\"yf-1090901\">Onsemi expects fourth-quarter profit between 57 cents and 67 cents per share, in line with estimates of 62 cents.<\/p>\n<p class=\"yf-1090901\">(Reporting by Anhata Rooprai in Bengaluru; Editing by Shinjini Ganguli)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Onsemi beat Wall Street estimates for third-quarter revenue and profit on Monday, helped by an artificial intelligence&hellip;\n","protected":false},"author":2,"featured_media":119531,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,8023,61,60,71484,80,68442],"class_list":{"0":"post-119530","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-data-centers","12":"tag-ie","13":"tag-ireland","14":"tag-onsemi","15":"tag-technology","16":"tag-wall-street-estimates"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/119530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=119530"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/119530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/119531"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=119530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=119530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=119530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}