ON Semiconductor Corporation (ON) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

Core Perspective - The company indicates that the first step of recovery is stabilization, which is currently being observed [1] - There has not yet been a replenishment cycle, but key performance indicators (KPIs) are trending positively [1] Performance Indicators - Book-to-bill ratios have improved compared to 90 days ago, indicating better order intake relative to shipments [1] - Visibility for the upcoming quarter and into the second half of the year has also improved, suggesting a more optimistic outlook [1] - The incremental improvements over the past 90 days are viewed positively, even though a full recovery has not yet been achieved [1]