STMicroelectronics, a European chip maker and key supplier to SpaceX, forecasts strong revenue growth driven by rising demand for artificial intelligence data centers and satellite communications. This surge is linked to the expanding need for advanced chips in AI infrastructure and satellite tech, including SpaceX's projects. The company’s outlook highlights the growing importance of these sectors in the semiconductor market and suggests continued growth opportunities ahead.
STMicroelectronics (STM) is trading at USD 47.80 on Pluang as of Oct 29, 2026 19:41 WIB, down 1.48% for the day. This price is closer to its 52-week low of USD 21.20 than its 52-week high of USD 79.91, highlighting some room for growth despite recent declines. The stock's market cap stands at $43.16 billion, and all Pluang order activity is currently on the buy side, reflecting investor interest amid the company's positive revenue outlook tied to AI and satellite sectors.
STMicroelectronics reported a 17.9% year-over-year increase in Q3 2026 net revenues to $3.76 billion and net income of $291 million, driven by growth in consumer electronics and personal electronics segments. Gross margin improved to 37.3%, and opera...
STMicroelectronics has introduced the first combination sensors for automotive safety aimed at mass-market vehicles, integrating multi-axis accelerometers and gyroscopes in one package. These sensors support advanced safety features like crash protec...
STMicroelectronics (STM) reports Q3 earnings on October 29 amid a 16% stock drop over the past month. The company previously beat expectations with strong revenue growth and expanding margins, driven by AI data center demand. Investors will watch if ...
