<div id="readability-page-1">Stock rally momentum: ON Semiconductor’s shares have surged 60% in three months, outperforming the industry’s 29% gain, fueled by AI and EV market demand. AI and EV boost: AI data-center revenues jumped over 30% sequentially in Q1 2026, while automotive sales returned to growth after seven quarters of decline. Profitability trends: Gross margins rose for the third straight quarter to 38.5%, with high-margin products like Treo expected to drive further profitability.</div>

SOXL

SOXX

<p>ON Semiconductor's shares surged 60% in three months, outperforming the industry's 29% gain, driven by demand in AI and EV markets. AI data-center revenues increased over 30% sequentially in Q1 2026, while automotive sales rebounded after seven quarters of decline. Gross margins rose to 38.5%, with high-margin products like Treo expected to enhance profitability further.</p>

ON Semiconductor

VanEck Semiconductor ETF

ON Semiconductor jumps 60% in 3 months on AI, EV demand