onsemi (ON) official guidance

We expect approximately $35 million of annualized savings with the initial benefit starting in 2027 and the full savings realized in 2028.

We expect capital expenditures in the range of $40 million-$50 million, and we now expect capital expenditures for the year to be below 5% of revenue.

We expect capital expenditures in the range of $40 million-$50 million, and we now expect capital expenditures for the year to be below 5% of revenue.

We expect our non-GAAP tax rate to be approximately 15%, and our non-GAAP share count is expected to be approximately 395 million shares.

We expect our non-GAAP tax rate to be approximately 15%, and our non-GAAP share count is expected to be approximately 395 million shares.

This results in non-GAAP earnings per share in the range of $0.81-$0.93.

Our non-GAAP gross margin is expected to be between 40% and 42%, which includes share-based compensation of $8 million.

Non-GAAP operating expenses are expected to be between $303 million and $318 million, which includes share-based compensation of $33 million.

We anticipate Q3 revenue will be in the range of $1.65 billion-$1.75 billion.

We now expect AI data center revenue to more than double in 2026, driven by stronger demand, further accelerated by broader customer wins and expanding content across the entire power tree.

In 2026, we expect our silicon carbide revenue in AI data center applications to grow nearly 60% year-over-year.

As you look forward, we expect auto to be up low single digits, industrial to be relatively flat, and we expect other, which has our AI data center, to be up high teens.

With our market share gains in China EVs, we now expect silicon carbide revenue in that market to increase between 60% and 70% year-over-year, as our market share gains continue and programs ramp across existing platforms and newer vehicle launches.

We expect our ESS revenue to grow approximately 40% year-over-year in 2026, driven by higher year-over-year growth in North America with microgrid customers.

We expect our high voltage revenue to accelerate as power requirements continue to rise and system architectures evolve towards 800 volt DC distribution, driving greater adoption of our intelligent power solutions from high voltage infrastructure through low voltage power delivery.

As you look forward, we expect auto to be up low single digits, industrial to be relatively flat, and we expect other, which has our AI data center, to be up high teens.

As you look forward, we expect auto to be up low single digits, industrial to be relatively flat, and we expect other, which has our AI data center, to be up high teens.

Our non-GAAP gross margin is expected to be between 40% and 42%, which includes share-based compensation of $8 million.

In Q3, we expect utilization to be flat to up.

| Diluted Shares Outstanding \* | 402 million | 7 million | 395 million |