STMicroelectronics reported first-quarter revenue of $3.10 billion, surpassing analyst expectations of $3.04 billion. Non-U.S. GAAP operating income reached $171 million, exceeding the market consensus of $165.8 million. Adjusted earnings per share of $0.13 fell short of some Wall Street estimates.
The company cited improving demand, strong booking momentum, and normalized inventory levels as key performance drivers. CEO Jean-Marc Chery noted higher revenues from personal electronics programs despite macroeconomic uncertainty.
STMicroelectronics forecasts second-quarter revenue of $3.45 billion. This outlook significantly exceeds the $3.21 billion anticipated by analysts.