STMicroelectronics N.V. · STM · FY2026 Q3 · Calendar Q4 2026
STMicroelectronics raises FY2026 outlook as AI demand lifts Q3
STMicroelectronics' Q3 showed strong demand in AI datacenter and low-Earth-orbit satellite communications, alongside improving margins and a raised FY2026 outlook. The investment case still depends on executing its manufacturing reshaping program and managing capacity, input-cost and tariff risks.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management reported Q3 revenue above the outlook midpoint, improved gross margin, and a backlog exceeding $20 billion. The company raised FY2026 revenue guidance to $14.5 billion and highlighted organizational changes, capacity expansion and a share buyback.
Guidance delta
FY2026 revenue guidance was raised to $14.5 billion; Q4 revenue was indicated at $4.15 billion. The supplied analysis describes guidance sentiment as raised.
Key takeaways
- AI datacenter and LEO satellite demand were identified as major Q3 growth drivers.
- Gross margin improved to 37.3%, while free cash flow reached $351 million.
- Backlog above $20 billion provides visibility into 2027, but execution remains important.
Management priorities
- Expand silicon photonics, 300-mm and silicon-carbide manufacturing capacity.
- Broaden STM32, MEMS and machine-learning-enabled sensor products.
- Use organizational changes effective January 1, 2027 to align strategy and product roadmaps.
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Try FN2 freeCompany context
Snapshot as of publicationSTMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures, and markets a broad range of semiconductor products. Its offerings include analog chips, discrete power semiconductors, microcontrollers, and sensors, with a strong presence in the automotive and industrial sectors.
Technology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ASX ASE Technology Holding Co., Ltd. | FY2026 Q3 · Calendar Q4 2026 | — | -2.7% | ASE posts record Q3 as LEAP demand lifts mix and capex |
| GEN Gen Digital Inc. | FY2027 Q2 · Calendar Q4 2026 | +2.9% | +11.2% | Gen raises FY2027 outlook as AI security and partner growth accelerate |
| KLAC KLA Corporation | FY2027 Q1 · Calendar Q4 2026 | +2.5% | +7.3% | KLA posts record revenue as AI and advanced packaging demand accelerate |
| AUROW Aurora Innovation, Inc. | FY2026 Q3 · Calendar Q4 2026 | +3.6% | 0.0% | Aurora advances commercial trucking ramp while execution risks remain |
| AUR Aurora Innovation, Inc. | FY2026 Q3 · Calendar Q4 2026 | +3.6% | -0.6% | Aurora advances commercial ramp as execution risks remain |
| FLEX Flex Ltd. | FY2027 Q2 · Calendar Q4 2026 | +11.3% | +11.6% | Flex raises FY27 outlook as AI power demand drives growth |
Latest beats and misses
Who reports nextBeat on EPS
- GENFY2027 Q2 · October 28, 2026+2.9% EPS+11.2% move
- KLACFY2027 Q1 · October 28, 2026+2.5% EPS+7.3% move
- SANFY2026 Q3 · October 28, 20260.0% EPS-6.3% move
- FFY2026 Q3 · October 28, 2026+19.5% EPS+1.4% move
- EQIXFY2026 Q3 · October 28, 2026+20.0% EPS+5.4% move
- EBAYFY2026 Q3 · October 28, 2026+7.1% EPS+0.2% move
Missed on EPS
- AWKFY2026 Q3 · October 28, 2026-2.0% EPS+1.1% move
- CPFY2026 Q3 · October 28, 2026-3.2% EPS-1.9% move
- LIIFY2026 Q3 · October 28, 2026-7.1% EPS-10.6% move
- EXRFY2026 Q3 · October 27, 2026-1.7% EPS+0.1% move
- NOWFY2026 Q3 · October 28, 2026-2.0% EPS-3.0% move
- CMGFY2026 Q3 · October 28, 2026-7.1% EPS+2.7% move
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Sources
- Earnings call transcript and parsed analysis · 2026-10-29T16:05:39.515523+00:00
- FN2 earnings calendar · 2026-10-29T01:23:20.584741+00:00
- Polygon adjusted daily market bars · 2026-10-29T16:50:42.277149+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-29T16:50:42.274456+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-29. For educational purposes only; not investment advice.