STMicroelectronics Reports Q2 2026 Results: Full Earnings Call Transcript

On Thursday, STMicroelectronics (NYSE: STM ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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Access the full call at Summary STMicroelectronics reported Q2 2026 net revenues of $3.49 billion, exceeding the midpoint of their business outlook, with a gross margin of 34.8% and non-U.S.

GAAP gross margin of 35.2%.

Growth was driven by strong performance in Communication Equipment, Computer and Peripherals, and Automotive, with Automotive revenues increasing 14% sequentially and 16% year over year.

The company secured key design wins in automotive applications and integrated NXP's MEMS sensors business, enhancing their automotive sensor portfolio.

Industrial segment revenues improved by 34% year over year, driven by microcontrollers and analog products, with a focus on factory automation and AI.

STMicroelectronics raised its revenue ambition for data centers, expecting revenues above $1 billion in 2026 and well above $2 billion in 2027.

The company announced strategic collaborations, including with NVIDIA, and investments in quantum computing, positioning for future growth.

Q3 2026 guidance includes expected revenues of $3.7 billion with a gross margin of 37%, while Q4 is anticipated to exceed $4 billion in revenue.

Management confirmed confidence in reaching long-term revenue and margin targets, driven by AI data centers and automotive growth.

The company is managing capacity constraints in certain segments but is confident in supporting future demand with strategic investments in manufacturing capabilities.

Full Transcript Moira, Operator Please note, anyone who wishes to ask a question during the conference, press star and 1 on your touchtone telephone.

Ladies and gentlemen, welcome to the STMicroelectronics second quarter 2026 earnings release conference call and live webcast.

I am Moira, the conference call operator.

I would like to remind you that all participants will be in listen-only mode and the conference is being recorded.

The presentation will be followed by a Q&A session.

You can register for questions at any time by pressing star and 1 on your telephone.

For operator assistance, please press star and 0.

The conference must not be recorded for publication or broadcast at this time.

It is my pleasure to hand over to Jerome Bramel, EVP, Corporate Development and Integrated External Communications.

Please go ahead.

Jerome Bramel, EVP Corporate Development and Integrated External Communications Thank you, Moira, and thank you, everyone, for joining our second quarter 2026 financial results call.

Hosting the call today is Jean-Marc Chery, ST President and Chief Executive Officer.

Joining Jean-Marc on the call are Lorenzo Grandi, President and CFO; Marco Cassis, President, Analog, Power and Discrete, MEMS and Sensors Group, and Head of STMicroelectronics Strategy, System Research and Applications, and Innovation Office; and Remiel, President, Microcontrollers, Digital, AI & RF Product Groups.

The live webcast and presentation materials can be accessed on ST’s Investor Relations website.

A replay will be available shortly after the conclusion of this call.

This call will include forward-looking statements that involve risk factors that could cause ST’s results to differ materially from management expectations and plans.

We encourage you to review the safe harbor statement contained in the press release that was issued with the results this morning and also in ST’s most recent regulatory filings for a full description of these risk factors.

Also, to ensure all participants have an opportunity to ask questions during the Q&A session, please limit yourself to one question and a brief follow-up.

Now, I’d like to turn the call over to Jean-Marc Chery, ST President and CEO.

Jean-Marc Chery, President and CEO Thank you, Jerome.

Good morning, everyone, and thank you for joining ST for the Q2 2026 earnings conference call.

I will start with an overview of the second quarter, including business dynamics, and I will hand over to Lorenzo for the detailed financial overview.