STMicro forecasts Q3 revenue up ~16% YoY to $3.7B, below $3.79B est., and expects AI sales to pass $1B in 2026 and be "well above $2B" in 2027; STM falls 14%+ (Christina Kyriasoglou/Bloomberg)
The miss was in the near-term guide, not the AI target.
STMicro forecast Q3 revenue of about $3.7B, roughly 16% above last year but below the $3.79B estimate cited by Bloomberg. The company said AI sales should exceed $1B in 2026 and be well above $2B in 2027. Shares fell more than 14% after the outlook. Techmeme's note
STMicro forecast Q3 revenue of about $3.7B, roughly 16% above last year but below the $3.79B estimate cited by Bloomberg. The company said AI sales should exceed $1B in 2026 and be well above $2B in 2027. Shares fell more than 14% after the outlook. Techmeme's note
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