The Franco-Italian semiconductor manufacturer makes a strong move mid-morning and takes the lead in the Paris index following the strong results from Micron overseas. The stock continues its rebound from the previous day after launching its post-quantum chip for smartphones, in a European sector buoyed by the strength of ASML and ASM International.
Leading the CAC 40, the Stock Rebounds in the Wake of a Strong European Sector
STMicroelectronics shares are up 3.84% at €65.79, marking the highest increase in the CAC 40 during the session, while the Paris index itself is up by 0.33%. This movement comes the day after the launch of the ST54M, a post-quantum secure chip for smartphones, which was already praised the previous day with a nearly 2% rebound. The sector's momentum remains supportive: ASML is up 4.08% and ASM International by 6.07% during the session, indicating a renewed appetite for European semiconductor stocks. Over three months, the performance remains spectacular (+139%), while the gain over one year exceeds 155%. The stock has undergone several recent profit-taking phases, including a nearly 6% drop on June 23, which have not undermined the underlying trend established since February.
RSI Returns to Neutral Zone After Consolidation, Valuation Stretched at 58 Times Earnings
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The rebound brings the price well above the MM20 (€64.55, a gap of +1.92%), while the MM50 at €53.94 and the MM200 at €31.91 remain far below, reflecting the rally accumulated since spring. The RSI at 54 has returned to a neutral zone after the overheating episode in early June, which gives the stock a bit more technical leeway. The identified resistance at €69.39 remains the next immediate price threshold, while the psychological barrier of €70, already approached in mid-June, has not yet been crossed. In terms of valuation, the stock is trading at approximately 58.2 times the earnings for the current fiscal year and 29.7 times those of the next, according to the consensus of surveyed analysts, a multiple that reflects the magnitude of the rebound since the February low. Net short positions remain contained on the stock, without significant acceleration. The rally comes against the backdrop of the group raising its ambitions for data centers, announced on June 2, which then targeted a revenue of about $1 billion in 2026 for this activity.
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.
