Earnings Call Insights: onsemi (ON) Q1 2026 Management View “This quarter marks a clear inflection point for onsemi. Improving demand signals, accelerating AI data center growth and sustained gross margin expansion demonstrates that the structural changes we made over the past several years are now translating into tangible financial results,” said (President, CEO & Director Hassane El-Khoury). “W...
Earnings Call Insights: onsemi (ON) Q1 2026 Management View “This quarter marks a clear inflection point for onsemi. Improving demand signals, accelerating AI data center growth and sustained gross margin expansion demonstrates that the structural changes we made over the past several years are now translating into tangible financial results,” said (President, CEO & Director Hassane El-Khoury). “We delivered revenue of $1.51 billion and non-GAAP diluted earnings per share of $0.64, both above the midpoint of guidance, driven by growth in AI data center,” (CEO El-Khoury) said, adding, “We expanded gross margin for the third consecutive quarter to 38.5%.” “Our execution on Treo continues to accelerate,” (CEO El-Khoury) said, noting, “In the first quarter, revenue increased more than 2.5x sequentially,” and highlighting production shipments of Treo-based 10BASE-T1S Ethernet for a “leading North American customer’s next-generation zonal architecture.” “Our overall GaN solutions design funnel, which includes vertical GaN, now exceeds $1.5 billion,” (CEO El-Khoury) said, adding that the company “expect[s]” GaN “revenue starting in 2027.” “Our revenue grew more than 30% quarter-over-quarter,” in AI data centers, (CEO El-Khoury) said, and “we now expect our AI data center revenue to double year-over-year in 2026.” “The improving market conditions are coming through in our financial results and outlook as demand visibility improves,” said (Executive VP, CFO, Treasurer & Principal Accounting Officer Thad Trent). “We expanded non-GAAP gross margin for the third consecutive quarter to 38.5%, and we expect sequential gross margin expansion throughout the year.” Outlook “We anticipate Q2 revenue will be in the range of $1.535 billion to $1.635 billion,” (CFO Trent) said, adding, “We expect to exit an incremental $30 million to $40 million of noncore revenue in the second quarter.” “Our non-GAAP gross margin is expected to be between 38% and 40%,” (CFO Trent) said, and “This resul...
The iShares Russell 2000 Value ETF (NYSEMKT:IWN) offers broader small-cap exposure with over 1,300 holdings, while the State Street SPDR S&P 600 Small Cap Value ETF (NYSEMKT:SLYV) provides a more concentrated portfolio at a lower cost. Both funds serve as vehicles for small-cap value exposure, a segment often prized for its long-term growth potential and diversification benefits. While IWN tracks ...
The iShares Russell 2000 Value ETF (NYSEMKT:IWN) offers broader small-cap exposure with over 1,300 holdings, while the State Street SPDR S&P 600 Small Cap Value ETF (NYSEMKT:SLYV) provides a more concentrated portfolio at a lower cost. Both funds serve as vehicles for small-cap value exposure, a segment often prized for its long-term growth potential and diversification benefits. While IWN tracks a wider universe of stocks via the Russell 2000, SLYV follows a more selective index that includes specific profitability filters for its constituents. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
(RTTNews) - The Australian stock market is notably lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,550 level, with weakness in mining stocks partiall
(RTTNews) - The Australian stock market is notably lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,550 level, with weakness in mining stocks partiall
Aldi Irvan Darmansyah/iStock via Getty Images The following segment was excerpted from the Calamos Phineus Long/Short Fund Q1 2026 Commentary. Top 5 Stock Contributors for Q1 2026 NAME SYMBOL CONTRIBUTION % OF FUND NAV FIRM PROFILE L3 Harris Technologies Inc. ( LHX ) LHX 0.69% 3.6% long as of 03/31/26 US Defense BAE Systems PLC BA/LN 0.61% 2.4% long as of 03/31/26 US Defense Regal Rexnord Corp. RR...
Aldi Irvan Darmansyah/iStock via Getty Images The following segment was excerpted from the Calamos Phineus Long/Short Fund Q1 2026 Commentary. Top 5 Stock Contributors for Q1 2026 NAME SYMBOL CONTRIBUTION % OF FUND NAV FIRM PROFILE L3 Harris Technologies Inc. ( LHX ) LHX 0.69% 3.6% long as of 03/31/26 US Defense BAE Systems PLC BA/LN 0.61% 2.4% long as of 03/31/26 US Defense Regal Rexnord Corp. RRX 0.38% 1.5% long as of 03/31/26 US Industrials CACI International Inc. CACI 0.27% 1.6% long as of 03/31/26 US IT Services Johnson Controls Intl PLC ( JCI ) JCI 0.26% 2.2% long as of 03/31/26 US Industrials Click to enlarge L3Harris Technologies Inc. ( LHX ) L3Harris is a large US defense prime providing mission-critical technologies across space, airborne, and land domains, with strengths in communications, electronic warfare, and missile propulsion systems following its July 2023 acquisition of Aerojet Rocketdyne. The stock rallied in early January after President Trump indicated he would ask Congress for a $1.5 trillion defense budget in 2027—a 50% increase over fiscal 2026. While we have not assumed an increase of that magnitude, even a more modest 10%–20% increase should drive meaningful upside to revenue and earnings estimates over the next few years. The Aerojet acquisition continues to validate both financially and strategically. In mid-January, L3Harris announced a direct partnership with the Department of Defense to expand capacity for solid rocket motors that power vital US and allied missiles. The DoD will invest $1 billion in L3Harris' Missile Solutions business through a convertible preferred security, which would convert into common equity upon an expected IPO in the second half of 2026. We view LHX's majority ownership in this higher-growth business as additional upside given the premium multiples at which faster-growing defense technology names trade. We see nearly 20% upside to $410 based on 24x our 2027 EPS estimate, equivalent to a 4.2% free cash flow yi...