STMicroelectronics rises after upbeat Q1 guide

STMicroelectronics NV

29/01/2026 08:28

** Shares of STMicroelectronics rise 3.6% at 0813 GMT after the chipmaker reported results showing recovery in its main markets

** "Q4 results a bit better than expected, Q1 26 guidance above normal seasonality, no FY indications yet (as expected)," analyst Stephane Houri of ODDO BHF says

** The group forecast first-quarter revenue of about $3.04 billion, above last year's figure of $2.71 billion and the $2.99 billion expected by analysts polled by LSEG data

** The Franco-Italian company reported fourth-quarter net income of $125 million, below market expectations for $222 million and $369 million a year ago

** However, without the impairment charge, net income would have been $266 million, the company said in the report

 (Reporting by Nathan Vifflin in Gdansk)

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