Earnings call transcript: STMicroelectronics posts revenue beat in Q3 2026
STMicroelectronics posted a revenue of $3.76 billion in Q3 2026, surpassing expectations. Adjusted earnings per share (EPS) came in at $0.37, slightly below the consensus of $0.39. Gross margin improved to 37.3%, up 410 basis points year over year. AI data center and low Earth orbit satellite communications were the primary growth drivers, contributing to a revenue beat of about 1.1%.
The company raised its full-year 2026 revenue guidance to approximately $14.5 billion. Despite the EPS miss, the strong revenue and margin performance may be more appealing to investors.
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