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07:00:49
Earnings High

STMPAFP Fiscal Q2 earnings results Mkt cap ~$50B

Earnings Pending
Results
Revenue Beat USD 3.49B vs USD 3.46B est
Key read

Guidance:

  • Net revenue "about" 3.70bln (exp. 3.79bln).
  • Gross margin "about" 37%.
  • Q4 Revenue 4bln.

CEO:

  • “During the quarter demand increased further, with strong bookings in all end markets. We saw improved visibility and signs of tight supply in several product categories. Inventory in distribution is now below our standard target.”
  • “We anticipate a revenue growth acceleration in Q4, mainly driven by our engaged customer programs in AI data centres and LEO satellite communication."
  • “Driven by continued strong demand in AI datacenters, we are raising our revenue ambition for datacenters. Revenues are now expected above USD 1bln in 2026 and, assuming the current dynamic continues and with the current engagements we have, well above USD 2bln in 2027. This confirms ST’s strong position in the evolving AI datacenters.”