STMicroelectronics surges on Q1 beat, Q2 upbeat guide, $1B AI revenue target by 2027
STMicroelectronics (STM) surged 3.3% to close at $49.71, with an intraday high of $51.40. The move followed a Q1 revenue beat, a stronger-than-expected Q2 sales outlook, and a new target of $1 billion in AI-related revenue by 2027.
Supporting 5 queries
To surface this insight, Baselight ran 5 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
Open $48.13, close $49.71 (+3.3%), intraday high $51.40. Volume 25.6M vs 20-day avg ~16.1M (×1.6). Q1 revenue of $3.10 billion beat consensus of $3.04 billion. Q2 guidance of $3.45 billion at midpoint implies 11.6% sequential growth. Management confirmed datacenter revenues expected to exceed $500 million in 2026 and surpass $1 billion in 2027. Sources: queries 14, 18, 33, 40, 74.