According to STMicroelectronics, net revenues for the second quarter were $3.49 billion, up 26% on an annual basis. Gross margins reached 34.8% and for the quarter the firm saw $187 million in operating income. Net income of $222 million signifies a robust bounce back from a net loss last year.
The company said that the quarterly results were helped by solid business conditions with demand for a range of products rising in the markets such as communications equipment, computer peripheral, automotive and other semiconductor applications. In addition, STMicroelectronics revised upward its outlook for its data-centre activities due to rising demand associated with AI-related infrastructure.
For the third quarter of 2026, the company forecasts net revenues of $3.70 billion and a gross margin of 37.0%. STMicroelectronics is looking forward to robust second-half demand from AI and other end-market segments.
During the Q2 2026, STMicroelectronics (news releases) reported quarterly net revenues came above the mid-point of its business outlook driven by stronger revenue performance in its Communications Equipment, Computer Peripherals (CECP) and Automotive segments, and the company also reported gross margin in line with the mid-point of the outlook. “Q2 net revenues came above the mid-point of our business outlook range, driven by higher revenues in CECP and Automotive,” stated Jean-Marc Chery, President & CEO at STMicroelectronics. “Gross margin was in line with the mid-point of our business outlook range.”
Chery added that it will also see a rise in AI data-centre markets contribute to revenue, seeing “sustained strength in AI data-centres” means the company will now increase revenue for its data-centre market segment. This segment’s revenues “will exceed $1 billion in 2026, and, if we maintain customer engagements and market trends continue to evolve, are projected to well surpass $2 billion in 2027”, the company confirmed, signalling strength within “this burgeoning AI data-centre market space.”
