Core Insights - Onsemi reported third-quarter revenue and profit exceeding Wall Street expectations, driven by increased demand for chips used in artificial intelligence data centers [1][2] - Despite weak electric vehicle demand in Europe and North America, Onsemi's power management products for AI data centers showed growth [1] - CEO Hassan El-Houry noted signs of stabilization in core markets and positive growth in the AI sector [1] Financial Performance - Third-quarter revenue reached $1.55 billion, surpassing the analyst average estimate of $1.52 billion [2] - Adjusted earnings per share for the quarter were $0.63, exceeding the analyst average estimate of $0.59 [2] - The company forecasts fourth-quarter revenue between $1.48 billion and $1.58 billion, with a midpoint of $1.53 billion aligning with analyst expectations [2] - Expected fourth-quarter earnings per share are projected to be between $0.57 and $0.67, consistent with the analyst estimate of $0.62 [2]