Europe's STMicroelectronics Q1 revenue rises 23%, beats estimates

STMicroelectronics NV

23/04/2026 06:10

Overview

Europe semiconductor maker's Q1 revenue rose 23% yr/yr, beating analyst expectations

Q1 adjusted operating income beat analyst estimates

Company completed acquisition of NXP’s MEMS sensor business in Q1

Outlook

STMicroelectronics sees Q2 net revenues at $3.45 bln, plus or minus 350 bps

Company expects Q2 U.S. GAAP gross margin of 34.8%, plus or minus 200 bps

STMicroelectronics expects 2026 datacenter revenue to be above $500 mln, 2027 well above $1 bln

Result Drivers

PERSONAL ELECTRONICS & CECP - Higher revenues in engaged customer programs in Personal electronics and CECP drove Q1 sales, per CEO Jean-Marc Chery

SEGMENT GROWTH - Revenue growth in Imaging, MEMS, General Purpose MCU, and RF & Optical Communications segments supported overall results

PRODUCT MIX - Gross margin improvement was mainly due to better product mix

Company press release: ID:nGNEbVWCxS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.10 bln
$3.04 bln (8 Analysts)
Q1 EPS
$0.04
Q1 Net Income
$37 mln
Q1 Gross Margin
33.80%
Q1 Adjusted Operating Income
Beat
$171 mln
$165.79 mln (7 Analysts)
Q1 EBIT Margin
2.30%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for STMicroelectronics NV is €35.00, about 6.6% below its April 22 closing price of €37.46

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)