STMicroelectronics reported on October 29 that third-quarter revenue reached $3.76 billion, an increase of 17.9% from a year earlier, and forecast further growth in the fourth quarter.
The semiconductor company reported net income of $291 million, or $0.31 per diluted share, under U.S. accounting rules. Operating income was $367 million, and gross margin reached 37.3%.
The company separately reported adjusted operating income of $429 million and adjusted net income of $344 million, or $0.37 per diluted share. Those non-U.S. GAAP measures exclude specified items and differ from its standard accounting results.
Chief Executive Jean-Marc Chery said revenue and gross margin exceeded the midpoint of the company’s previous outlook. Management described stronger demand, bookings and visibility, while distributor inventories remained below its usual target.
For the fourth quarter, ST’s midpoint forecast calls for $4.15 billion in revenue, approximately 10.5% above the third quarter and 24.7% above a year earlier, with a 39% gross margin. Those figures remain company projections.
Sources: STMicroelectronics — Third-Quarter Results: https://newsroom.st.com/media-center/press-item.html/stmicroelectronics-reports-q3-2026-financial-results.html