STMicroelectronics N.V. (STM) Misses Q2 EPS by 3c; offers outlook

STMicroelectronics N.V. (NYSE: STM) reported Q2 EPS of $0.06, $0.03 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $2.77 billion versus the consensus estimate of $2.73 billion.

OUTLOOK

“Our third quarter business outlook, at the mid-point, is for net revenues of $3.17 billion, decreasing year-over-year by 2.5% and increasing sequentially by 14.6%; gross margin is expected to be about 33.5%; including about 340 basis points of unused capacity charges. On a sequential basis, our Q3 gross margin will be negatively impacted by about 140 basis points, mainly from currency effect and, to a lesser extent, the start of non-recurring cost related to our manufacturing reshaping program.”

For earnings history and earnings-related data on STMicroelectronics N.V. (STM) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• St. James's Place plc (STJ:LN) (STJPF) PT Raised to GBP20.50 at Deutsche Bank
• Alimentation Couche-Tard Inc (ATD/B:CN) (ANCUF) PT Raised to Cdn$104 at UBS