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)
STMicro projected AI-related sales above $1 billion in 2026 and well above $2 billion in 2027 despite a weaker Q3 forecast.
Excerpt
<a href="https://www.bloomberg.com/news/articles/2026-07-23/stmicro-forecasts-revenue-growth-as-ai-boom-boosts-chipmaker"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260723/i15.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260723/p15#a260723p15" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Christina Kyriasoglou / <a href="https://www.bloomberg.com/">Bloomberg</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-07-23/stmicro-forecasts-revenue-growth-as-ai-boom-boosts-chipmaker">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%+</a></b></span> — STMicroelectronics NV plunged the most in a year after the chipmaker forecast third-quarter sales that missed analysts' expectations … </p>
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