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ChipsSeeking Alpha3 days ago
ON Semiconductor: The Rally Still Has LegsON Semiconductor reported Q1 2026 as its first year-over-year revenue growth quarter since Q2 2023. AI data center revenue more than doubled year-over-year. Q2 guidance for revenue and EPS exceeded consensus. Despite a forward P/E of 37.39, forward PEG and 2029 multiples suggest the stock is undervalued, supporting a buy rating.
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