STMicro jumps 10% after Q1 beat

STMicroelectronics NV

23/04/2026 08:25

** Shares in STMicroelectronics STMPA.PA jump as much as 10.6% to their highest since June 2024 after Q1 results at the Franco-Italian chipmaker beat estimates

     ** "The upside to revenues seems to have come from continued strength at Apple, data centers, LEO-related systems and the acquisition of NXP's MEMS sensor business", says Jefferies

**  STMicro reported revenue of $3.10 billion for the first three months of the year, versus the $3.04 billion expected by analysts polled by LSEG. Operating income was $171 million, above market expectations of $165.8 million

** "Good results, across the products division", Alphavalue analyst Utsav Sinha says, adding that operating margins should improve over time as revenue increases

** Jefferies believes STMicro is at the early stages of a rebound, with further upgrades to estimates likely in future quarters

 (Reporting by Nathan Vifflin in Gdansk)

 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))