Onsemi anticipates third-quarter revenue exceeding Wall Street expectations. This growth stems from surging demand for power management chips. The company expects AI data center revenue to more than double by 2026. Onsemi also reported second-quarter results in line with analyst estimates. Shares saw a slight decline after the company's positive outlook was released.

ON Semiconductor (ON) to report Q2 earnings on Aug. 3 with expected EPS of $0.72 and revenue of $1.59B. Analysts have mixed ratings, ranging from Overweight to Neutral.

Here's a look at the details inside On Semiconductor's Q2 earnings report.