STMicroelectronics Shares Bounce 2.5% Ahead of Quarterly Results
The Franco-Italian semiconductor manufacturer regains momentum in early afternoon trading, positioning itself at the top of the Paris index. The rebound occurs just three sessions ahead of the highly anticipated second-quarter results, following a significant downturn for the stock over the past month.
A Rebound That Places the Stock Above Its 50-Day Moving Average
STMicroelectronics shares gained 2.58% to €55.19 during the session, ranking among the top risers in the CAC 40, following ArcelorMittal. The rebound is supported by the strength of the European semiconductor sector, with ASML up by 1.3% and ASM International by 0.53%. Today's movement allows the stock to exceed its 50-day moving average (€53.94), with a difference of +2.32%.
However, the 20-day moving average (€64.55) remains significantly above the current price, showing a gap of -14.5%, indicating the decline accumulated over recent weeks. The RSI at 54 has returned to a neutral zone after the correction phase. Despite today's surge, the stock is still down nearly 11% over the week and nearly 19% over the month, after being the worst performer in the index on July 16th.
Second Quarter Results Expected on Thursday in a Busy Macroeconomic Context
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The session unfolds as a major event approaches: STMicroelectronics is set to publish its second-quarter 2026 results on Thursday, July 23. This will be the first test for the company after a spectacular first half in the stock market, with the stock still up more than 48% over three months and 97% over a year, despite the recent correction. According to the consensus of surveyed analysts, the stock is currently trading at about 48 times the expected earnings for the current fiscal year and 24.4 times those for the next year, a level that leaves little room for operational disappointment.
The macroeconomic backdrop is significant: US industrial production grew by 1.1% year-over-year in June and retail sales by 6.3%, while Chinese growth slowed to 4.3% in the second quarter. This mixed dynamic from China, a key market for the sector, will be closely watched in the company's comments. The effective crossing of the 50-day moving average and the behavior around the support at €52.15 will be immediate technical markers before the publication on July 23.
SectorSemi-conducteurs et matériel›Semi-conducteurs
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Context
Period
Period: T2 2026
Key reported figures
Revenue: 3 487 millions de dollars
Quarterly revenue: 3 487 millions de dollars
Revenue growth: 25,9 %
EBITDA margin: 7,7 %
Net income: 222 millions de dollars
Free cash flow: 75 millions de dollars
Guidance from the release
Nous anticipons une accélération de la croissance du chiffre d'affaires au quatrième trimestre, tirée principalement par les programmes engagés auprès de nos clients dans les domaines des data centers IA et de la communication par satellite LEO.
Risks mentioned
Le mix produit pourrait affecter la marge brute.
Les charges liées aux capacités non utilisées.
Des incertitudes sur les tendances industrielles.
Opportunities identified
Chiffre d’affaires supérieur à 4 milliards de dollars anticipé pour le quatrième trimestre.
Demande solide dans les data centers IA.
Amélioration de la visibilité et des signes de contraintes d’offre.
Outlook / guidance
Expected revenue: 3 700 millions de dollars
Management commentary: Point médian des perspectives pour le troisième trimestre 2026 : chiffre d'affaires net de 3,70 milliards de dollars et marge brute de 37,0 %.
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.
