STMicro Nearly Doubles Quarterly Profit, Sees Q4 Sales Exceeding $4 Billion
The Geneva-based chipmaker said higher sales in consumer electronics and personal electronics lifted profit and prompted a stronger fourth-quarter forecast.
- On Thursday, October 29, 2026, STMicroelectronics reported third-quarter net revenues of $3.76 billion, exceeding analyst expectations as demand from AI data centers and satellite operators drove a broader recovery in semiconductor markets.
- Demand from AI data centers and satellite operators fueled the recovery, with CEO Jean-Marc Chery stating, "In an environment where demand remains well above supply, we continue to expand capacity aligned with ST's strategic roadmap."
- Operating income reached $367 million, while non-U.S. GAAP operating income totaled $429 million. Gross margin expanded to 37.3%, driven by lower unused capacity charges and improved product mix.
- ST projects fourth-quarter revenue of $4.15 billion at the mid-point, representing approximately 10.5% sequential growth and approximately 24.7% year-over-year increase.
- Jefferies analysts expect STMicro's growth to continue into 2027, with data center revenue set to roughly double from this year to next, while gross margins see "more significant upside towards the end of next year.
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STMicro nearly doubles quarterly profit, sees Q4 sales exceeding $4 billion
Oct 29 : STMicroelectronics reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in the chipmaker's markets.Operating income excluding one-off charges was $429 million, nearly doubling from a year ag
STMicroelectronics: Q3 Earnings Snapshot – WTOP News
GENEVA (AP) — GENEVA (AP) — STMicroelectronics NV (STM) on Thursday reported third-quarter profit of $291 million. The Geneva-based company said it had net income of 31 cents per share. Earnings, adjusted for one-time gains and costs, came to 37 cents per share. The results fell short of Wall Street expectations. The average estimate of...
The results of the semiconductor specialist exceeded expectations in the third quarter, with sales increasing by almost 20%.
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