STM · STM Q2 FY2026 earnings call record财报电话会记录

“Gross margin was at 34.8%, increasing 130 basis points year-over-year, mainly due to lower unused capacity charges and better product mix.”

“Q2 gross margin included about 60 basis points of negative impact resulting from a non-recurring cost related to our manufacturing reshaping program.”

“ST maintained its financial strength with a net financial position that remains solid at $2.01 billion as of June 27th, 2026, reflecting total liquidity of $6.03 billion and a total financial debt of $4.02 billion.”

“We expect our gross margin to be about 37%, ±200 basis points, including about 70 basis points of unused capacity charges.”

“In Q4, we anticipate a revenue growth acceleration, mainly driven by our engaged customer programs in AI data centers and low-earth orbit satellite communication.”

“One is that our level of underloading charges will not change significantly in Q4 due to the fact that we are starting some fab, particularly in China, in which we will still have some negative impact on our level of underloading.”

“Yes, I confirm there will be improvement, but there will be also some headwinds that are impacting our gross margin.”

“On your data center revenue guidance hike, was that increase driven by increased demand outlook or by a faster expansion of your capacity and supply?”

“Next year, clearly, we will closing the gap between the demand and our capability to supply.”

“Industrial in Q2, we grew 32%, and step after step, Q3 and Q4, we will go close to 40% growth year-over-year in Q4.”

“In the past, you were guiding, you were suggesting that at $4 billion sales per quarter, the profitability gross margin would have been at least in the 40% range.”

“The good news now is Agrate 300 certainly will reach the full build-out pretty soon, before 2028, and will be capable to support the growth of microcontroller as soon as we will have qualified the 90-nm and 40-nm technology.”