Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
US Stocks Move: STMicroelectronics rises over 5% pre-market as Q1 earnings exceed expectations

US Stocks Move: STMicroelectronics rises over 5% pre-market as Q1 earnings exceed expectations

格隆汇格隆汇2026/04/23 08:14
Show original
Glonghui, April 23 — STMicroelectronics (STM.US) rose 5.68% in pre-market trading to $47.41. According to reports, STMicroelectronics' Q1 revenue increased by 23% year-on-year to $3.1 billion, beating analysts' expectations of $3.04 billion. Non-GAAP operating profit was $171 million, also exceeding analysts' forecast of $165.8 million. The company predicts second quarter revenue will reach $3.45 billion, a quarter-on-quarter increase of 11.6% and a year-on-year increase of 24.9%, higher than the market expectation of $3.21 billion.STMicroelectronics President and CEO Jean-Marc Chery stated: “STMicroelectronics now possesses strategic advantages, enabling it to benefit from new artificial intelligence-driven projects by leveraging its expertise to support the evolving artificial intelligence infrastructure. The company confirms that data center business revenue will significantly exceed $500 million in 2026 and will far surpass $1 billion in 2027.”
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Meta (META.US) data center's first high-yield bond is oversubscribed more than four times, strong demand drives premium issuance

The first junk bond issuance by the data center division of Meta Platforms attracted demand over four times the transaction size, with its enticing yields drawing in investors.

智通财经2026/09/19 04:11

US stock index adjustments to take effect next Monday: Bloom Energy (BE.US) and Everpure (P.US) to be included in S&P 500, changes also for mid- and small-cap stocks

Bloom Energy, Illumina, and Everpure will be included in the S&P 500 index, while several other companies will be added to the S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices.

智通财经2026/09/19 02:31