Onsemi reported third-quarter non-GAAP EPS of $0.90, topping the $0.88 consensus but only matching the $0.90 Earnings Whisper number, while revenue of $1.722 billion edged past the $1.71 billion consensus by 0.7%. Earnings grew 42.9% year over year on 11.1% revenue growth, and fourth-quarter guidance of $0.95 to $1.07 came in above estimates. Non-GAAP gross margin expanded for a fifth straight quarter to 41.2%, up 190 basis points sequentially and above the 38.0% of a year ago, while non-GAAP operating margin reached 23.2%, up from 20.8% in Q2. GAAP EPS rose to $0.79 from $0.56 in Q2 and $0.63 a year earlier. Non-GAAP diluted shares fell to 392 million from 408 million a year ago, and free cash flow of $489 million, or 28% of revenue, was flattered by unusually light capex of just $27.8 million. PSG grew 21% year over year, while AMG and ISG each grew only 2%; AI data center revenue was $180 million, up 39% sequentially and 175% year over year, with the full-year outlook roughly $620 million, up about 140%. Industrial grew 10% sequentially to $467