STMicroelectronics Reports Q3 Revenue of $3.76 Billion, Forecasts 23% Full-Year Growth
Third-quarter revenue exceeded company guidance and analyst forecasts. STMicroelectronics reported a 37.3% gross margin and $367 million in operating income, and forecast 2026 revenue of about $14.5 billion with a 36.4% gross margin.
STMicroelectronics announced its third-quarter 2026 financial results, reporting net revenues of $3.76 billion, which surpassed the company's guidance of $3.70 billion and analyst forecasts of $3.73 billion. The company achieved a gross margin of 37.3% and an operating income of $367 million. Additionally, STMicroelectronics issued a full-year 2026 revenue growth forecast of nearly 23%, targeting approximately $14.5 billion in annual revenue, with an expected gross margin of about 36.4%. Management attributed the positive outlook to strong demand for semiconductors driven by data center expansion for artificial intelligence and satellite connectivity services.