Jefferies Raises Revenue and EPS Estimates for onsemi
1 report, 1 independent
Updated Wed 00:00
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What happened
Jefferies raised revenue and EPS estimates for onsemi. The firm stated that onsemi is well-positioned to benefit from rising data center power demand. Jefferies argued that investor concerns about margins following the recent analyst day were overstated, noting that the 53% gross margin target should be viewed as a milestone rather than a ceiling.
Why it matters
The outlook is supported by the expansion of the data center opportunity due to 800-volt architectures. Onsemi benefits from its vertical power delivery solution, which has a 2mm z-height compared to about 5mm for competing products. The company expects first embedded power product revenue in late 2027.
Who's involved
- onsemiSemiconductor company focused on intelligent power and sensing technologies
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The entities involved
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onsemi
A semiconductor company focused on intelligent power and sensing technologies