📰 BloombergBloombergCodex · 实盘不做把握 6/10
北京时间·🕒 发布 13:11:05时区推断·⟳ 抓取 13:20:02·⚡ 决策 07-23 13:31:59 +11m57s·96.5 天前
意法半导体三季度收入指引低于预期但AI收入目标上修
STMicro三季度收入指引中值37亿美元，低于彭博一致预期37.9亿美元。
📄 原文Bloomberg↗ 原文
STMicroelectronics NV forecast growing revenue in the current quarter as demand from artificial intelligence data cente…
不做 STMicroelectronics（STMPA.FR）
三季度收入指引低于预期，AI目标小幅上修但年内已涨约160%，财报追多无足够edge。
不做 英伟达（NVDA.US）
英伟达只是文中AI数据中心背景，不是本次新增受益主体或可量化催化。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-23 · 扩散 medium · price-in 风险 high ↗
关键理由
- STMicro三季度收入指引中值37亿美元，低于彭博一致预期37.9亿美元。
- AI相关收入今年预期上调至超过10亿美元、2027年远超20亿美元，但该AI业务目标已在4月和6月持续披露。
- 公司股价年内已上涨约160%，本次轻微上修AI目标与毛利率小幅超预期不足以覆盖追高风险。
主要风险
- AWS供货和AI电源管理芯片确有中期成长性，若市场继续重估AI电源半导体，可能错过趋势延续。
原文全文
展开原文 · 2,359 字
STMicroelectronics NV forecast growing revenue in the current quarter as demand from artificial intelligence data centers bolsters the chipmaker’s business.
Third-quarter revenue is set to rise about 6.2% from a year earlier to $3.7 billion at the midpoint of guidance, the company said in a statement Thursday. That compares to an average analyst estimate of $3.79 billion, according to data compiled by Bloomberg.
The ongoing AI infrastructure buildout has boosted demand for the many kinds of chips that can be used in data centers, from Nvidia Corp.’s cutting-edge GPUs to STMicro’s semiconductors that support power management and connectivity. That has buoyed the Franco-Italian chipmaker’s business, and Chief Executive Officer Jean-Marc Chery has pushed to expand beyond its core consumer electronics and automotive industries into higher growth areas.
STMicro broke out AI-related revenue guidance for the first time in April and nearly doubled its 2026 forecast for the business in June. It raised expectations for AI sales slightly to above $1 billion this year and “well above $2 billion” in 2027. Previously, STMicro expected revenue from its data centers business to reach $1 billion this year and to double in 2027.
The chipmaker’s stock has gained about 160% so far this year through Wednesday’s close. When the company’s share price soared in June, STMicro said it was looking to raise $1.5 billion from selling debt that can be exchanged into equity.
Read More: STMicro Eyes $1.5 Billion Convertible Bonds After AI-Fueled Jump
STMicro sees gross margin for the current quarter at about 37%, while analysts expect 36.76%.
Power semiconductors such as the ones made by STMicro are in demand as “AI racks are becoming more power-dense,” Bloomberg Intelligence analyst Charles Shum wrote in a note before earnings.
The company signed a deal this year to supply semiconductors to Amazon.com Inc.’s AWS. The contract, which includes chips for power management, will drive growth for the next three-to-five years, Chery said in April.
The data center boom has helped STMicro, which is a supplier to Tesla Inc. and Apple Inc., turn around its business. It has struggled with weak demand in the auto and consumer sectors in recent years as customers worked their way through inventories built up after shortages during the Covid-19 pandemic.
Third-quarter revenue is set to rise about 6.2% from a year earlier to $3.7 billion at the midpoint of guidance, the company said in a statement Thursday. That compares to an average analyst estimate of $3.79 billion, according to data compiled by Bloomberg.
The ongoing AI infrastructure buildout has boosted demand for the many kinds of chips that can be used in data centers, from Nvidia Corp.’s cutting-edge GPUs to STMicro’s semiconductors that support power management and connectivity. That has buoyed the Franco-Italian chipmaker’s business, and Chief Executive Officer Jean-Marc Chery has pushed to expand beyond its core consumer electronics and automotive industries into higher growth areas.
STMicro broke out AI-related revenue guidance for the first time in April and nearly doubled its 2026 forecast for the business in June. It raised expectations for AI sales slightly to above $1 billion this year and “well above $2 billion” in 2027. Previously, STMicro expected revenue from its data centers business to reach $1 billion this year and to double in 2027.
The chipmaker’s stock has gained about 160% so far this year through Wednesday’s close. When the company’s share price soared in June, STMicro said it was looking to raise $1.5 billion from selling debt that can be exchanged into equity.
Read More: STMicro Eyes $1.5 Billion Convertible Bonds After AI-Fueled Jump
STMicro sees gross margin for the current quarter at about 37%, while analysts expect 36.76%.
Power semiconductors such as the ones made by STMicro are in demand as “AI racks are becoming more power-dense,” Bloomberg Intelligence analyst Charles Shum wrote in a note before earnings.
The company signed a deal this year to supply semiconductors to Amazon.com Inc.’s AWS. The contract, which includes chips for power management, will drive growth for the next three-to-five years, Chery said in April.
The data center boom has helped STMicro, which is a supplier to Tesla Inc. and Apple Inc., turn around its business. It has struggled with weak demand in the auto and consumer sectors in recent years as customers worked their way through inventories built up after shortages during the Covid-19 pandemic.
决策记录链 · 只追加
每次领取产生一条记录,重新决策追加一条并以 supersedes 指向被替代的记录(ADR 0014)。
这条决策早于决策账本(2026-10-08 起逐条追加),没有追加记录。