ON Semiconductor Corporation (ON) The KeyBanc Technology Leadership Forum 2026 August 11, 2026 12:30 PM EDT
Company Participants
Hassane El-Khoury – President, CEO & Director
Thad Trent – Executive VP, CFO, Treasurer & Principal Accounting Officer
Conference Call Participants
John Vinh – KeyBanc Capital Markets Inc., Research Division
Presentation
John Vinh
KeyBanc Capital Markets Inc., Research Division
Good morning, everybody. My name is John Vinh. I cover semis here at KeyBanc Capital Markets. We’re delighted to have the Onsemi team with us today. We’ve got Hassane El-Khoury, CEO; and Thad Trent, CFO. Welcome, guys.
Hassane El-Khoury
President, CEO & Director
Thank you.
Question-and-Answer Session
John Vinh
KeyBanc Capital Markets Inc., Research Division
Maybe I’d like to start off is maybe talked about the earnings call, you talked about prioritizing data center demand over autos and industrials. And I’m wondering if you could just unpack that comment a little bit because I didn’t think that short-term capacity was fungible, right? Because as you think about parts that you supply into the data center is very much different. I mean the parts you supply in autos and industrial. So maybe we can start there.
Hassane El-Khoury
President, CEO & Director
Sure. So the comment I made, obviously, we also framed it into a temporary adjustment that we’ve made, not a strategic redirect. And we expect that to normalize, call it, over the next couple of quarters when the impact of utilization that we took up will start coming out from material. But to comment — to answer your question more directly, at a product level, it is not fungible. And what I would call a product is when the product is fully assembled because then it’s a footprint and has to go on a certain board, a certain physical form. But from a fab perspective, not just from a fab all the way to technology, it is fungible. When we talk
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