$STM

STMicroelectronics (STM) reports strong Q2 2026 results, with a 50% YoY revenue increase in Communication Equipment & Computer Peripherals. The company expects datacenter revenues to exceed $1B in 2026 and $2B in 2027, driven by AI infrastructure demand. STM is investing heavily in optical interconnect and power solutions, facing competition from Broadcom and Monolithic Power Systems. STM's stock has surged 115% YTD, with a forward P/E of 25.04.

A weekend Mizuho research note said NVIDIA’s Vera Rubin (VR200) ramp could be faster, with xAI and Meta leading in Q4 2026. Shares of Wolfspeed, STMicroelectronics, and ON Semiconductor rose Monday. ON cited power content per rack rising from $15,000 to $115,000 under 800V DC and AI data center revenue doubling in 2026. Key catalysts are ON’s Sept. 16 Analyst Day and NVIDIA’s next update.

According to Duquesne Family Office’s Q2 regulatory filing, Stanley Druckenmiller increased its Amazon stake to about $129 million and added a new $120 million position in Alphabet. The firm also raised Taiwan Semiconductor by 19% to $282 million and STMicroelectronics by nearly 19% to $232 million. The moves followed a tech and AI rally, with July reversals leaving post-quarter holdings unclear.

Duquesne Family Office, Stanley Druckenmiller’s family office, said in its latest 13F it re-entered U.S.-listed Chinese stocks after 2.5 years, starting a new position of 88,000 Baidu ADRs. The filing (as of June 30, 2026) showed portfolio value rising to about $5.21B and major trading in AI-related names including Alphabet, Amazon, TSMC, and STMicro.

STMicroelectronics (STM) says optical connectivity is becoming more important to its Communication Equipment & Computer Peripherals business as AI infrastructure boosts demand. It reported Q2 2026 revenues up 50% year over year and 13% sequentially, with book-to-bill near 2. The company expects the segment to grow about 60% YoY in Q3 and about 90% in Q4, and data center revenues above $1B in 2026 and above $2B in 2027. It cites design wins for silicon photonics and faster adoption of 800G and 1.

STMicroelectronics (STM) expects Q3 revenues of about $3.7 billion, up 6.2% sequentially, and says Q4 could exceed $4 billion, supported by AI datacenter demand and LEO satellite communications. According to the company, Q2 revenue rose 26% YoY to $3.49 billion, with bookings strengthening and distributor inventory below target. STM raised datacenter targets to >$1B for 2026 and >$2B for 2027.

Stabilus SE (STM) reported Q3 revenue down 4% to 4.5% year over year, citing weakness in China. EBIT margin rose to 10.8%. Industrial revenue increased 8% and became the main profit contributor, while automotive revenue fell 15%. The company reduced debt by EUR 80 million and said FY revenue and margin guidance remain on track.

Navitas estimates the AI data center market could reach a $1.4-$2.5 billion serviceable addressable market by 2030, with GaN and SiC adoption growing 66%-87% CAGR from 2025-2030. The company cites demand for advanced power conversion in multi-megawatt racks and expects Q1 2026 AI infrastructure revenues to rise 50% sequentially. It also notes ON and STM competition.

STMicroelectronics’ STM32CubeProgrammer 2.23 release adds support for STM32H5 (1MB flash) and STM32U3 (256KB and 512KB), plus key wrapping and secure firmware install options on select devices. It implements 290 tickets (52 change requests, 238 fixes) and adds a lightweight Raspberry Pi Linux ARM64 CLI mode, security-related options, and workflow improvements including STM32 Sidekick access.

STMicroelectronics (STM) shares fell after Q3 revenue guidance missed expectations. The company reported operating cash flow of $502 million versus $354 million a year earlier and turned free cash flow positive, with Q2 2026 FCF of $75 million. STM expects data center revenue above $1 billion in 2026 and $2 billion in 2027, and analysts cite a $79.07 mean target.