STMicroelectronics raises 2026 data center revenue forecast to $1B amid strong AI demand.

STMicroelectronics has increased its revenue forecast for data centers to about $1 billion in 2026, up from a previous expectation of just over $500 million, driven by strong demand for AI infrastructure and progress in capacity expansion. The company also anticipates that revenues could double in 2027 if current trends and engagements continue. This optimistic outlook reflects the growing importance of AI technologies and data center investments in the semiconductor market. However, the company notes various risks that could affect actual results, including global trade policies, economic conditions, supply chain issues, and geopolitical factors.