Earnings ·
STMicroelectronics N.V. reported second quarter 2026 net revenues of $3,487 million, a 12.7% sequential increase and…
STMSTMicroelectronics N.V.
STMicroelectronics N.V. reported second quarter 2026 net revenues of $3,487 million, a 12.7% sequential increase and 26.0% year-over-year growth, driven by higher volumes in CECP and Automotive segments. Diluted earnings per share rose to $0.24 from $0.04 in the prior quarter and $(0.11) year-ago. The company launched a $1.5 billion convertible bond offering maturing in 5 and 7 years, with proceeds intended for general corporate purposes including early redemption of outstanding $750 million Zero Coupon Convertible Bonds due 2027. Management raised its 2026 Data Center revenue ambition to approximately $1 billion from a previous expectation of nicely above $500 million. The Annual General Meeting approved a total cash dividend of US$ 0.36 per share, distributed as quarterly installments of US$ 0.09 in the second, third, and fourth quarters of 2026 and first quarter of 2027. STMicroelectronics N.V. is an integrated device manufacturer designing and producing semiconductor technologies for mobility, power management, and cloud-connected applications.