STMicroelectronics stock gained 1.80 percent on buyback

Published on 10/07/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

STMicroelectronics stock stood at USD 58.72 on October 6, 2026, while a buyback covered 310,000 shares for EUR 14,607,365. Q2 revenue rose 26 percent.

Watercolor illustration of French-Italian semiconductor industrial campus in alpine valley — STMicroelectronics NL0000226223 semiconductor plant rendered in watercolor nestled in a scenic alpine mountain landscape, Illustration mit AI erstellt.

STMicroelectronics (ISIN NL0000226223) was last at USD 58.72 on the NYSE on October 6, 2026 at 4:00 p.m. ET, up 1.80 percent. The semiconductor maker disclosed a repurchase of 310,000 shares for EUR 14,607,365, giving the stock a concrete corporate signal as the next earnings date approaches.

Buyback covers 310,000 shares

According to STMicroelectronics on October 5, 2026, the purchases covered September 28 through October 2 at a weighted average price of EUR 47.1205 per share. The transactions represented 0.03 percent of issued share capital and took place on Euronext Paris.

The company said the repurchased shares support obligations linked to employee and management share-option programs. It held 15,583,565 treasury shares after the transactions, equal to 1.7 percent of issued share capital, according to the same release.

Q2 revenue rose 26 percent

STMicroelectronics reported Q2 2026 revenue of USD 3.49 billion, an increase of 26 percent from the year-ago quarter. Gross margin was 34.8 percent, placing the recovery in revenue ahead of the margin improvement still needed for a stronger earnings profile.

The Q2 figures also set the base for the company's guidance. Its Q3 2026 outlook calls for revenue of USD 3.70 billion, representing 6.2 percent sequential growth and 16.2 percent year-over-year growth, while Q4 revenue is expected to exceed USD 4 billion, according to the Yahoo Finance transcript.

Consensus target remains above USD 76

MarketBeat lists a Moderate Buy consensus from 12 analysts, with an average price target of USD 76.17, a high target of USD 100.00 and a low target of USD 50.00. The spread shows that expectations remain positive but vary materially across the analyst group.

STMicroelectronics stock was last at USD 58.72 on October 6, 2026, with a session range of USD 57.66 to USD 59.29. Its 52-week range was USD 21.11 to USD 81.42, while market capitalization stood at USD 52.4 billion and volume reached 9,187,776 shares.