[BUSINESS]■ STORY TIMELINE

STMICRO MISSES Q3 TARGET, STOCK PLUNGES 14%

STMicroelectronics forecast third-quarter revenue of $3.7 billion, missing analyst expectations of $3.79 billion. The miss triggered the chipmaker's steepest single-day decline in a year.

2 SOURCESFIRST SEEN JUL 23, 10:30 AM► READ THE ARTICLE

Techmeme+0m

STMicro forecasts Q3 revenue up ~16% YoY to $3.7B, below $3.79B est., and expects AI sales to pass $1B in 2026 and be "well above $2B" in 2027; STM falls 14%+ (Christina Kyriasoglou/Bloomberg)

Christina Kyriasoglou / Bloomberg: STMicro forecasts Q3 revenue up ~16% YoY to $3.7B, below $3.79B est., and expects AI…

Techmeme+5d 11h

NXP reports Q2 revenue up 19% YoY to $3.5B, vs. $3.46B est., as it struggled to impress investors with a generally upbeat Q3 forecast; NXPI down 5%+ after hours (Christina Kyriasoglou/Bloomberg)

Christina Kyriasoglou / Bloomberg: NXP reports Q2 revenue up 19% YoY to $3.5B, vs. $3.46B est., as it struggled to impre…

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