STMicroelectronics NV Q1 FY2026 earnings call

Jean-Marc started with an overview of Q1, including net revenues of $3.1 billion, gross margin details. Discussed business dynamics like strong booking momentum, automotive revenue trends, acquisition of NXP's MEMS sensor business, industrial performance, personal electronics revenue, communications equipment and computer peripherals revenue, sustainability efforts. Lorenzo then presented detailed financial figures, including revenues by segment, profitability, OPEX details, and outlook for Q2 and 2026.

By reportable segment, analog products, MEMS and Sensor, grew 23.2%. Power and discrete product decreased 1.8%. Embedded processing revenues were up 31.3%. RF and optical communication grew 33.9%.

Expect Q2 2026 revenues at $3.45 billion plus minus 350 basis points. Midpoint net revenues increase 11.6% sequentially and 24.9% year over year. Gross margin expected about 34.8% plus minus 200 basis points. 2026 revenues expected double digit growth driven by new AI programs.

Includes questions from various analysts about revenue shape, pricing, gross margin, midterm AI revenues, transformation program, acquisition impact, etc., and corresponding answers from ST executives