STMicroelectronics stock gains 1.51 percent as AI demand builds

Published on 09/29/2026 at 20:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

STMicroelectronics stock targets USD 3.70 billion in Q3 revenue at the midpoint. Q2 sales rose 26 percent year over year and gross margin reached 34.80 percent.

STM, US8610121027, Illustration mit AI erstellt.

STMicroelectronics stock (ISIN US8610121027) was trading at EUR 47.20 at Lang & Schwarz on September 29, 2026 at 8:01 p.m. CEST, up 1.51 percent from the prior close of EUR 46.50. The move comes as improving AI data-center demand and stronger second-quarter results shape the company outlook.

Q2 revenue rises 26 percent

According to STMicroelectronics in its investor-relations update dated July 23, 2026, second-quarter revenue reached USD 3.49 billion, up 26 percent year over year. Gross margin was 34.80 percent, giving the recovery a measurable profitability component rather than a revenue-only improvement.

The company financials also show Q2 operating profit of USD 187.0 million and net income of USD 225.0 million for the quarter ended June 27, 2026. Diluted earnings per share came to USD 0.24 on a GAAP basis, while the earnings call reported adjusted diluted EPS of USD 0.31.

Q3 guidance points higher

In the Q2 earnings call, Yahoo Finance reported management guidance for Q3 revenue of USD 3.70 billion at the midpoint, representing 6.20 percent sequential growth and 16.20 percent year-over-year growth. Q3 gross-margin guidance was 37.00 percent, plus or minus 2.00 percentage points.

The growth is uneven across end markets. Communication equipment and computer peripherals grew 50 percent year over year in Q2, while industrial revenue increased 34 percent and automotive revenue rose 16 percent. Personal electronics grew 20 percent, but management expects weaker seasonal performance in that market during Q3.

Citi lifts target to EUR 65

According to Borsa Italiana on September 2, 2026, Citi raised its STM price target from EUR 62.00 to EUR 65.00 and maintained a Buy rating. The new target lies 37.71 percent above the Lang & Schwarz price of EUR 47.20, using separate currencies and venues only as clearly labeled reference points.

MarketBeat reported that Q2 adjusted EPS of USD 0.31 exceeded the USD 0.26 consensus estimate by USD 0.05, while revenue of USD 3.49 billion topped the USD 3.46 billion estimate by USD 0.03 billion. That combination gives investors a concrete test for whether the AI-linked recovery can broaden beyond a few fast-growing product areas.

STM stock trades higher after hours

STMicroelectronics stock was trading at EUR 47.20 at Lang & Schwarz on September 29, 2026 at 8:01 p.m. CEST, plus 1.51 percent versus the prior close of EUR 46.50. The primary listing is the NYSE, where the finance quote showed USD 53.47 at 6:05 p.m. UTC on September 29, 2026, with a market capitalization of USD 47.7 billion.