STMicro Raises AI Forecast on Q3 Beat
STMicroelectronics raised its 2026 AI data centre revenue forecast to 1.3 billion dollars following a strong third-quarter profit beat driven by robust demand. The chipmaker also reported higher margins and an upbeat fourth-quarter outlook.
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STMicroelectronics NV raised its 2026 AI data centre revenue forecast to $1.3 billion on Thursday after third-quarter earnings beat market expectations. The France-headquartered and Italy-linked chipmaker lifted the target from a July projection of over $1 billion, while maintaining its 2027 goal of well above $2 billion. Strong demand from data centres and satellite operators drove the performance, outperforming consensus estimates.
