STMicroelectronics posts $3.76B Q3 revenue on AI, satellite demand
Photo: Crypto Briefing
The European chipmaker beat its guidance midpoint and raised its full-year outlook as AI data centers and LEO satellites drove a 64% jump in one segment STMicroelectronics reported third-quarter 2026 net revenues of $3.76 billion on October 29, a 17.9% increase from a year earlier. The result landed above the midpoint of the company’s own forecast. The headline growth figure is solid. The more interesting number sits inside one segment that grew 64%, powered by two of the hottest buildouts in tech: AI data centers and low Earth orbit satellite networks.
Source: Crypto Briefing
