ON Semiconductor reported Q2 2026 revenue of $1.604 billion, up 9% year-over-year, with GAAP diluted EPS of $0.56 and non-GAAP EPS of $0.74 [1, 2]. CEO Hassane El Khoury said the AI data center segment remains the fastest growing part of the business. He said, "AI资料中心仍然是我们成长最快的业务。我们目前预期，2026年相关营收将超过翻倍成长," highlighting strong demand for their intelligent power products and increasing adoption across power architectures [2].
The AI data center business generated about $250 million in revenue in 2025 and is expected to grow over 100% this year, accounting for roughly 8% of ON Semiconductor's projected $6.5 billion revenue in 2026 [2]. The company raised its Q3 revenue guidance to between $1.65 billion and $1.75 billion and EPS guidance to $0.81 to $0.93 [2].
AMD set a new record with Q2 2026 revenue of $11.536 billion, up 50% year-over-year. GAAP net income rose 163% to $2.297 billion, and non-GAAP net income jumped 253% to $2.76 billion [3]. The company's data center segment drove much of this growth, with revenue of $6.72 billion in Q2, up 107% and representing 58% of total revenue [3, 4, 5, 6].
AMD’s Client and Gaming segment revenue increased 6% year-over-year to $3.8 billion, but gaming revenue alone dropped 31% to $779 million, largely from lower semi-custom sales for consoles like the PlayStation 5 and Xbox Series X|S [4, 5, 6]. Sony sold 1.6 million PS5 units in Q2, down 36% from last year, and Microsoft’s Xbox hardware revenue declined 29% due to weaker console sales [5]. AMD CFO Jim Anderson said he "预计下半年游戏业务将继续出现‘两位数下滑’" as the gaming segment faces ongoing challenges [6].
AMD provided Q3 revenue guidance of approximately $13 billion, projecting 41% year-over-year growth mainly from the data center segment [6]. Meanwhile, NVIDIA recently stopped reporting gaming revenue separately, folding it into edge computing and other segments, reflecting a strategic shift away from relying on gaming as a growth driver [6].
