Overview

• Q2 revenue reached $1.74 billion, slightly above the $1.73 billion consensus estimate.
• Adjusted EPS of $0.96 exceeded the expected $0.92 per share.
• Analysts raised price targets following the positive earnings report.
• The company secured a significant supply agreement with Volkswagen for EV chips.
• ON Semiconductor's Q3 revenue and EPS forecasts align with market expectations.