ENXTPA:STMPASemiconductor
How Strong AI Bookings At STMicroelectronics (ENXTPA:STMPA) Has Changed Its Investment Story
STMicroelectronics CFO Lorenzo Grandi, speaking at Citi’s 2026 Global TMT Conference in New York, described strong bookings, lean inventories, and solid demand in AI infrastructure, automotive, and industrial end markets, alongside plans to close older factories and scale silicon carbide capacity.
Management now points to AI data center revenue potentially reaching over US$1b in 2026 and more than US$2b in 2027, with margin support expected from more than 400 basis points of gross margin...