STMicroelectronics beats quarterly operating profit estimates
29/10/2026 06:04
STMicroelectronics beats quarterly operating profit estimates Oct 29 (Reuters) - STMicroelectronics STMPA.PA reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in the chipmaker's markets.
Operating income excluding one-off charges was $429 million, up 98% from a year ago and above the $400.5 million expected by analysts polled by LSEG.
(Reporting by Nathan Vifflin and Fabrizio La Rocca in Gdansk, editing by Milla Nissi-Prussak)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))
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