STMicro's Q3 revenue view slightly lags estimates even as chip demand recovers
23/07/2026 06:10
STMicro's Q3 revenue view slightly lags estimates even as chip demand recovers July 23 (Reuters) - STMicroelectronics STMPA.PA forecast a third-quarter revenue slightly below market expectations on Thursday, but said chip demand from automotive, AI-related, data-centre optical and consumer electronics markets was recovering.
The chipmaker forecast third-quarter revenue of $3.70 billion, plus or minus 3.5%, compared with analysts' average estimate of $3.72 billion, according to LSEG data.
(Reporting by Nathan Vifflin in Gdansk, editing by Milla Nissi-Prussak)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))
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