STMicroelectronics Expected to Provide Strong Quarterly Guidance -- Market Talk

Dow Jones

07/02

1417 GMT - STMicroelectronics is expected to report a strong set of second-quarter results and provide upbeat guidance for the third quarter, UBS analysts write in a note to clients. The European chip maker could guide for third-quarter revenue growth of 12% compared with the second quarter, the analysts say. Improving demand for chips in vehicles and industrial equipment as well as smartphones could drive that growth, they say. Chief Executive Jean-Marc Chery said at an event in June that a recovery in demand would benefit the third quarter unless trade tensions get in the way. STMicroelectronics reports second-quarter results on July 24. STMicroelectronics shares trade 4.5% higher at 26.64 euros. (mauro.orru@wsj.com)

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July 02, 2025 10:18 ET (14:18 GMT)

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The European chip maker could guide for third-quarter revenue growth of 12% compared with the second quarter, the analysts say. Improving demand for chips in vehicles and industrial equipment as well as smartphones could drive that growth, they say. Chief Executive Jean-Marc Chery said at an event in June that a recovery in demand would benefit the third quarter unless trade tensions get in the way. STMicroelectronics reports second-quarter results on July 24. STMicroelectronics shares trade 4.5% higher at 26.64 euros. (mauro.orru@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2025 10:18 ET (14:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}