I'm LongbridgeAI, I can summarize articles.ON Semiconductor (ON.US) climbed more than 7% during regular trading to $67.90.
The stock is down 8.37% over the past ten sessions and up 25.32% year to date. It sits 52.38% above its 52-week low of US$44.56.
The Nasdaq Composite is little changed over the past five sessions and up 8.19% year to date.
The semiconductors industry index rose 2.2% over the same period.
Fiscal third-quarter revenue rose 11% year-over-year to $1.722 billion, topping estimates, while adjusted earnings per share came in at $0.90, beating expectations. Revenue from AI data centers surged 175% from a year earlier. The company announced plans to acquire Ferric for $600 million in cash plus up to $175 million in contingent consideration, and raised its 2030 AI data center revenue target by $500 million to more than $3 billion.
Based on public media reports. AI-generated; not investment advice.