Strong Bookings and Record Multi-Year Orders in Key Sectors
Benchmark reported record multiyear bookings in Q2, led by medical and AC&C sectors, which have been slower to recover.
Management emphasized that these bookings indicate strong demand and positive future outlook, supporting expectations of sequential momentum and return to annual growth in Q4.
The record bookings are seen as a key indicator of the company's strategic positioning and operational strength.
Strategic Focus on High-Value Technologies and Portfolio Rationalization
onsemi is actively exiting noncore businesses and repositioning its sensing portfolio towards higher value segments such as ADAS and machine vision.
The company is ending the end-of-life of certain legacy products, with an expected $50-100 million revenue impact in 2026 that won't repeat.
Investments are focused on next-generation technologies where the company has clear competitive advantages, including intelligent power, sensing, and analog mixed signal technologies.
Dafinchi