Onsemi targets every stage of AI power delivery while holding back automotive restocking

What happened

On its third-quarter 2026 earnings call, Onsemi said it is for now prioritizing its AI data center business and industrial customers over automotive restocking, and it guided automotive revenue down by a high single-digit percentage in the fourth quarter; management called this a supply decision, not a strategic one. The company also repeated that AI data center revenue should double in 2027 from a higher 2026 base. The automotive revenue decline is guidance (a forecast), not an achieved result, and the source attributes it to a supply decision (prioritizing AI data center and industrial customers), stating no other cause.

Impact and signal

Affected components and suppliers

Source and time

Source: DigiTimes Asia · 11/3/2026 · View original source