STM Q4 2026 Net revenues $3,757 million, Miss Guidance by $-393.0M
STM miss prior Q4 2026 Net revenues guidance by $-393.0M. FY 2026 Net Capex (non-GAAP) was maintained by $0.0M to high end of $2.0 to $2.2 billion range. STMicroelectronics reported Q3 2026 net revenues of $3,757 million, beating the midpoint of its prior business outlook range by approximately $36 million; gross margin of 37.3% exceeded the midpoint guidance of 37.0% by 30 basis points. Operating income more than doubled year-over-year to $367 million (9.8% margin) while net income attributable to parent compan...
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Key takeaways
Q3 2026 revenue of $3,757M beat guidance midpoint by ~$36M; gross margin of 37.3% exceeded midpoint by 30 bps.
Operating income surged 104.5% year-over-year to $367M with non-GAAP operating income of $429M (11.4% margin).
Net income rose 22.8% YoY to $291M with diluted GAAP EPS of $0.31 and non-GAAP EPS of $0.37.
Free cash flow turned positive at $351M in Q3, compared to $75M in Q2 and $130M in Q3 2025.
Q4 2026 outlook: revenue increase ~10.5% sequentially (±350 bps) with gross margin ~39.0% (±200 bps).
FY 2026 Net Capex guidance maintained at high end of $2.0-$2.2B range, reflecting accelerated investments in Cloud Optical Interconnect.
Acquisition of NXP MEMS sensor business completed in Q1 2026 for $936M (including $895M cash and $41M contingent consideration).
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