TechReuters1h ago
STMicro reports Q3 revenue up 17.9% YoY
STMicro reports Q3 revenue up 17.9% YoY to $3.76B, operating income up 98% YoY to $429M, vs. $400.5M est., and forecasts $4.15B in Q4 revenue, vs. $4.10B est.
TL;DRSTMicro beat profit expectations and raised Q4 guidance on strong revenue growth.
Why it matters: Signals semiconductor demand recovery; influences chip sector outlook and investor sentiment broadly.
STMicroelectronics (STMPA.PA) reported a third-quarter operating profit above market expectations on Thursday …
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