Stm soars on the stock market after its first-quarter results., the outlook is better than expected, but also the prospects for artificial intelligence. At Piazza Affari the stock started off with momentum and is currently at the top of the Ftse Eb (-0,5%), with an increase of more than 8% at €40,65 per share, after a daily high of €41,15, a level not seen since June 2024 (though still far from the record high of €50,48 reached in July 2023). Over the past week, the chip company's shares have gained over 9%, representing a 40% gain over the past month, a 70% gain since the beginning of the year, and a 106,9% gain over the past year.
Stm: first quarter numbers
Going into details, StMicroelectronics closed the first quarter with a net profit down on an annual basis (-33,7%) and below analysts' estimates, but with a reversal of the trend compared to the loss in the fourth quarter of 2025. Revenues, however, grew on an annual basis more than the company's expectations and the consensus, as well as the gross margin was above forecasts.Net revenues for the first quarter“Excluding the contribution from our acquisition of NXP’s MEMS sensor business, revenues were above the midpoint of our business guidance, driven primarily by higher revenues in ongoing programs with our customers in Personal Electronics and CECP (Communication Equipment and Computer Peripherals),” said Chief Executive Officer Jean-Marc Chery.
In numbers, net income stood at $37 million, or $0,04 per share, compared to earnings of $56 million, or $0,06 per share, in the same period of 2025 (net loss of $30 million in the previous three months). adjusted earnings (non-GAAP) was 122 million, up 93,7% on the year and 22% on the previous three months. Revenues rose 23% year-over-year (-7% on a quarterly basis) for approximately 3,1 billion, to be precise 3,095 billion dollars, against the 3,04 billion estimated by the company as an interim value at the end of the fourth quarter. Analysts' consensus was for a profit of 128 million, with revenues of 3,037 billion. In the quarter, gross margin It stood at 33,8%, compared to 33,4% for the same period in 2025 and the 33,7% consensus forecast. For the first quarter, the group expected a figure "around 33,7%."
The outlook beats estimates, AI at 6% of 2027 revenues.
The outlook for the second quarter is also above estimates: St expects net revenues of 3,45 billion of dollars (+11,6% compared to the previous quarter and +24,9% year-on-year), with a gross margin of around 34,8%, while analysts expect revenues of 3,183 billion and a gross margin of 34,4% (in the first quarter revenues stood at 3,095 billion and the gross margin at 33,8%).
"Guidance for the second quarter of 2026 is above expectations. The company has raised its outlook for artificial intelligence (approximately 6% of 2027 revenues)," Intermonte analysts emphasize.
Stm bets on AI, and is poised to ride the wave of what appears to be the driving force behind the entire industry. "ST is now strategically positioned to reap the benefits of new AI-driven programs, leveraging specialized technologies to enable the evolution of AI infrastructure," said CEO Jean-Marc Chery.
Not only that, the company plans datacenter-related revenues “comfortably above” $500 million for 2026 and “clearly above” $1 billion for 2027.
