📊Executive Summary

ON Semiconductor reported strong Q2 2026 earnings with $1.6 billion in revenue, driven by demand in AI data centers and energy storage systems. However, they are facing extended product lead times of 32 weeks due to tightening supply in growth areas, which could impact procurement strategies. The company anticipates significant revenue growth in AI and automotive sectors, particularly in China, while also noting a 2% decline in automotive revenue due to seasonal factors. The CFO highlighted rising input costs necessitating price increases to maintain margins. This situation presents both opportunities and challenges for procurement teams, particularly in managing lead times and pricing strategies....