Business UpdateJun 2, 2026, 02:00 AM
STMicroelectronics raises Data Center revenue ambition to $1B in 2026
AI Summary
STMicroelectronics has raised its revenue ambition for Data Centers, now expecting approximately $1 billion in 2026, a significant increase from the previously anticipated "nicely above $500 million." The company also projects that Data Center revenues could double in 2027, driven by continued strong demand for AI infrastructure and recent progress in capacity ramp-up.
Key Highlights
- STMicroelectronics raises 2026 Data Center revenue ambition to about $1 billion, up from "nicely above $500 million".
- Data Center revenues could double in 2027, compared to previous expectation of "well above $1 billion".
- The revised ambition is driven by strong AI infrastructure-led demand.
- Progress on capacity ramp-up also contributes to the increased revenue ambition.
Price Impact
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