STMicroelectronics reported third-quarter 2026 net revenue of $3.76 billion, up 17.9% year over year and above the midpoint of its guidance. Sales in its communications equipment and computer peripherals segment surged 64%, driven by silicon photonics circuits for AI data centers and hardware for low Earth orbit satellites. The company posted a 37.3% gross margin, $367 million in operating income and $291 million in net income. STMicroelectronics raised its 2026 revenue outlook to approximately $14.5 billion, expects about $1.3 billion in AI data center revenue for 2026 and targets more than $2 billion in 2027.
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