Chipmaker Onsemi gains as forecast tops estimates, Q2 beat

** Shares of chipmaker Onsemi ON.O rise 7.5% to $86.43 premarket

** Co forecasts Q3 revenue in the range of $1.65 bln - $1.75 bln, midpoint of which is higher than analysts' estimates of $1.69 bln - LSEG-compiled data

** Sees Q3 adj. EPS between 81 cents and 93 cents, midpoint higher than estimates of 85 cents

** Q2 adjusted EPS of 74 cents and revenue of $1.6 bln beat expectations of 71 cents and $1.59 bln, respectively

** AI data center remains fastest-growing business; expects revenue to more than double in 2026 - CEO Hassane El-Khoury

** 11 of 30 brokerages rate the stock "buy" or higher and 19 "hold"; median PT is $110 - LSEG data

** As of last close, stock has risen 48.5% YTD compared with a 61.4% increase in the Philadelphia SE Semiconductor index .SOX