HSBC Says STMicroelectronics’ 3Q Guidance Missed Estimates, but Demand Trend Holds Up
HSBC said STMicroelectronics’ second-quarter 2026 results were mixed and its third-quarter 2026 guidance came in below estimates, pointing to a slower near-term recovery.
HSBC said STMicroelectronics’ second-quarter 2026 results were mixed and its third-quarter 2026 guidance came in below estimates, pointing to a slower near-term recovery.
The note also pointed to an order-to-bill ratio near 2, distributor inventory below target, and strong demand in AI and optical products, which HSBC said suggest the broader demand trend has not changed.
The note also pointed to an order-to-bill ratio near 2, distributor inventory below target, and strong demand in AI and optical products, which HSBC said suggest the broader demand trend has not changed.