REG-STMicroelectronics Reports Q3 2026 Financial Results
Key Highlights
- ➤Q3 net revenues $3.76 billion, up 17.9% year over year
- ➤Q3 operating income $367 million, up 104.5% year over year
- ➤Q4 revenue outlook $4.15 billion, up 10.5% sequentially
- ➤Q4 gross margin outlook 39.0%, including 40 basis points of unused capacity charges
- ➤FY26 revenue outlook $14.5 billion, up 22.8% year over year
Expert Statements
Jean-Marc Chery, President & CEO of STMicroelectronics
“Q3 net revenues came above the mid-point of our business outlook range, driven by higher revenues in CECP and Personal Electronics. Gross margin was above the mid-point of our business outlook range.”
Jean-Marc Chery, President & CEO of STMicroelectronics
“On a year-over-year basis, Q3 net revenues increased 17.9%. Q3 gross margin was 37.3%, operating margin was 9.8% and net income was $291 million. On a non-U.S. GAAP(1) basis operating margin was 11.4% and net income was $344 million.”
Jean-Marc Chery, President & CEO of STMicroelectronics
“During the quarter, demand increased further supported by strong bookings and improving visibility, while inventory in distribution continued to track below our standard target. Together, these indicators confirm the continued ongoing recovery and secular growth across the markets we serve.”
Jean-Marc Chery, President & CEO of STMicroelectronics
“Our fourth quarter business outlook, at the mid-point, is for net revenues of $4.15 billion, increasing about 10.5% sequentially and about 24.7% year-over-year. Gross margin is expected to be about 39.0%, including about 40 basis points of unused capacity charges.”
Jean-Marc Chery, President & CEO of STMicroelectronics
“The mid-point of this outlook translates into full year 2026 revenues of about $14.5 billion, representing a 22.8% year-over-year increase. Beyond the cyclical recovery across our end markets, the year-over-year growth is supported by ST's company specific growth drivers, including AI datacenters and LEO satellite communication. Gross margin is expected to be about 36.4%, non-U.S. GAAP(1) gross margin is expected to be about 36.6%, representing an improvement of 270 basis points versus FY25.”
Jean-Marc Chery, President & CEO of STMicroelectronics
“In an environment where demand remains well above supply, we continue to expand capacity aligned with ST’s strategic roadmap. We remain focused on improving profitability consistent with our intermediate financial model. This is driven by our company-specific growth drivers and the execution of our company-wide program to reshape our manufacturing footprint and resize our global cost base.”
STMicroelectronics Reports Q3 2026 Financial Results * Q326 net revenues at $3.76 billion * Gross margin at 37.3% * Operating income at $367 million (non-U.S. GAAP(1) operating income at $429 million) * Business outlook at mid-point: Q426 net revenues of $4.15 billion and gross margin of 39.0% Geneva, October 29, 2026 – STMicroelectronics N.V. (“ST”) (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the third quarter ended September 26, 2026. This press release also contains non-U.S. GAAP measures (see Appendix for additional information).
ST reported third quarter net revenues of $3.76 billion, gross margin of 37.3%, operating income of $367 million, and net income of $291 million or $0.31 diluted earnings per share (non-U.S. GAAP(1) operating income of $429 million, and non-U.S. GAAP(1) net income of $344 million or $0.37 diluted earnings per share).
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