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STMicro's Q3 revenue view slightly lags estimates even as chip demand recovers

Reuters · Jul 23, 2026 05:16 · 1 min read

FILE PHOTO: The STMicroelectronics logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

July 23 (Reuters) - STMicroelectronics forecast a third-quarter revenue with a midpoint slightly below market expectations on Thursday, but said chip demand from automotive, AI-related, data-centre optical and consumer electronics markets was recovering. The chipmaker forecast third-quarter revenue of $3.70 billion, plus or minus 3.5%, compared with analysts' average estimate of $3.72 billion,

The chipmaker forecast third-quarter revenue of $3.70 billion, plus or minus 3.5%, compared with analysts' average estimate of $3.72 billion, according to LSEG data.

"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," STMicro CEO Jean-Marc Chery said in a statement.

STMicro, whose chips are used in electric vehicles, industrial equipment, smartphones and data-centre applications, has been seeking to recover from a prolonged downturn in demand across its automotive and industrial markets.

(Reporting by Nathan Vifflin in Gdansk, editing by Milla Nissi-Prussak)

Tags: News Technology Money Fortune 500 Business

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