STMicroelectronics Q1 Revenue $3.1B Beats Forecast

STMicroelectronics posted Q1 revenue of $3.10 bn, up 23% YoY, surpassing its $3.04 bn guidance and $3.06 bn consensus.
Net profit fell to $37 million from $56 million a year earlier, while gross profit rose to $1.05 bn, yielding a 33.8% margin.
CEO Jean‑Marc Chery said demand improved despite macro uncertainty and projected Q2 revenue of $3.45 bn with gross margin 34.8%.
The company targets AI data‑center sales exceeding $500 million this year and over $1 billion by 2027.