Crypto Briefing • October 11th 2026, 11:20 AM
ON Semiconductor Ups Revenue Growth Outlook to 12-14% Through 2030
Key Summary
ON Semiconductor has raised its long-term revenue growth target to a 12-14% compound annual rate through 2030, driven by its AI data center business, which is expected to exceed $2.5 billion by 2030. The company also projects a 50% compound annual growth rate for its AI data center business, significantly outpacing the broader market.
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Overview
ON Semiconductor has announced an increase in its long-term revenue growth target to a 12-14% compound annual rate through 2030. This represents a significant upgrade from the company's previous target of 10-12%.AI Data Center Business
The company's AI data center business is expected to be a major driver of growth, with revenue projected to exceed $500 million in 2026 and $2.5 billion by 2030. This represents a compound annual growth rate of over 50%, significantly outpacing the broader AI data center market.Automotive and Industrial Segments
ON Semiconductor also expects its automotive segment to grow at approximately 9% annually, while its industrial segment is expected to grow at approximately 10%.Core Power Business
The company targets a total addressable market of $213 billion for its core power business by 2030, with the potential for further expansion with its ongoing Synaptics acquisition.Nvidia Connection
ON Semiconductor's relationship with Nvidia is seen as a key factor in its bullish outlook, with the company participating in Nvidia's MGX ecosystem and landing a major Vcore socket design win.Market Reaction
Wall Street is split on the news, with J.P. Morgan maintaining a Buy rating and Stifel adjusting its price target downward.#AI#US#Crypto#Finance