STMicroelectronics Falls 3.97% on Monday Ahead of Annual Results
STMicroelectronics dropped 3.97% to 23.34 euros this Monday, January 19, 2026, in a profit-taking move ahead of the publication of its 2025 annual results scheduled for January 29. However, the stock remains above its 50-day moving average despite this correction.
STMicroelectronics opened the week with a sharp decline of 3.97% at 23.34 euros, erasing some of the gains made in previous sessions. The traded share capital remained modest at 0.05%, reflecting a cautious wait by investors a few days before the publication of the 2025 annual results, scheduled for January 29 before the opening of European markets. This decline contrasts with the recent dynamics which had benefited from a favorable sectoral context. On January 15, the stock had risen by 1.28% following the exceptional results of Taiwan's TSMC, the world leader in semiconductor manufacturing, which reported a 35% increase in its net profit for the fourth quarter. Target revisions by several brokers have also supported the stock in recent days: Equita SIM upgraded its recommendation to buy with a target of 30 euros on January 15, while TD Cowen raised its target to 27.50 euros the following day. Jefferies has been targeting 29 euros since January 13, suggesting significant upside potential from the current price.
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Technically, despite this marked decline, STMicroelectronics still trades above its 50-day moving average located at 21.72 euros, a gap of 7.5%, confirming a still constructive medium-term orientation. The RSI stands at 68, indicating sustained investor interest without reaching the overbought zone set at 70 points, which leaves room for potential progression. The stock is now 6.7% away from its resistance threshold at 25.02 euros, a level tested several times at the beginning of January without lasting consolidation. The MACD indicator displays a signal line and a MACD line both at 0.84, with a slightly negative histogram at -0.01, suggesting a pause in the bullish momentum. Investors will now be closely watching the publication of the annual accounts on January 29, a key event in a context where the semiconductor sector is benefiting from renewed interest linked to favorable prospects for artificial intelligence and data centers, with the industry expected to grow by more than 20% in 2026 according to analysts.
« Le chiffre d'affaires du quatrième trimestre a dépassé le milieu de notre prévision et la marge brute a été soutenue par un meilleur mix produit. »
STMicroelectronics a publié ses résultats pour le quatrième trimestre et l'année 2025. Le chiffre d'affaires annuel s'établit à 11,8 milliards de dollars avec une marge brute de 33,9% et un résultat opérationnel de 175 millions de dollars. Le bénéfice net attribuable aux actionnaires pour l'année est de 166 millions de dollars, et le flux de trésorerie disponible (non-U.S. GAAP) pour l'année est de 265 millions de dollars. Pour 2026, le point médian du trimestre est un chiffre d'affaires attendu de 3,04 milliards de dollars et une marge brute d'environ 33,7%.
Risks mentioned
changements dans les politiques commerciales mondiales, y compris les tarifs et barrières commerciaux, susceptibles d'affecter la demande
incertitudes macroéconomiques et inflation, influençant la production et la demande finale
écarts entre la demande client et les projections nécessitant des mesures de transformation
capacité à concevoir, fabriquer et vendre des produits innovants dans un environnement technologique rapide
Outlook / guidance
Expected revenue: Le chiffre d'affaires du premier trimestre 2026 est attendu autour de 3,04 milliards de dollars, en baisse séquentielle d'environ 8,7% et avec une marge brute d'environ 33,7% (plus ou moins 350 pb pour le chiffre d'affaires et plus ou moins 200 pb pour la marge brute).
Management commentary: La direction souligne que les perspectives dépendent des conditions macroéconomiques, des taux de change et du mix produit.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
