STMicro lifts data centre revenue goals on AI demand, shares hit 25-year high

Nathan Vifflin

Tue, June 2, 2026 astatine 1:10 AM CDT 1 min read

By Nathan Vifflin

June 2 (Reuters) - STMicroelectronics raised the 2026 and 2027 gross targets for its information ‌centre concern connected Tuesday, citing continued beardown request ‌tied to AI infrastructure and advancement successful expanding capacity.

The Franco-Italian chipmaker's ​shares roseate arsenic overmuch arsenic 10% to €65.21 per share, their highest since September 2000. They were up 8.4% arsenic of 0738 GMT, among apical gainers connected Europe's benchmark STOXX ‌600 index.

STMicro present expects ⁠data centre gross of astir $1 cardinal successful 2026, compared with its erstwhile forecast for ⁠revenue "nicely above" $500 million.

"Assuming the existent dynamic continues and with the existent engagements we have, revenues could treble successful 2027," ​it said ​in a statement, having ​previously targeted gross "well supra $1 ‌billion" for adjacent year.

Jefferies analysts estimated that information centres unsocial would lend astir 7% maturation to 2027 revenue, retired of their wide 20.5% maturation forecast.

STMicro's information centre vulnerability is focused little connected the graphics processors that bid ‌AI models and much connected ​the surrounding infrastructure needed to powerfulness ​and negociate them.

The ​company said the higher gross people besides ‌reflected advancement successful mill ramping ​capacity.

"The caller guidance ​on AI apt results successful estimates rising successful some years though we would deliberation that estimates volition ​rise much ‌in 2027 than successful 2026," J.P. Morgan analysts ​said successful a note.

(Reporting by Nathan Vifflin successful ​Gdansk, editing by Milla Nissi-Prussak)