STMicroelectronics Forecasts Revenue Growth as AI Data Centers Drive Chip Demand

STMicroelectronics forecast revenue growth for the current quarter on July 23, 2026, as demand for chips from AI data centers supports the business of the Franco-Italian semiconductor maker.

What the company said

STMicroelectronics expects its revenue in the current quarter of 2026 to rise compared with the previous period. According to Bloomberg Tech, the company names demand from AI data centers as the key driver — a segment that, until recently, was secondary for a traditional supplier of automotive and industrial chips.

"STMicroelectronics forecasts revenue growth in the current quarter as demand from AI data centers strengthens the chipmaker's business,"

Bloomberg Tech wrote on July 23, 2026.

Why the AI boom helps a chipmaker

Data centers for training and running neural networks are not just GPU accelerators. Every server rack also needs power semiconductors: voltage converters, power-management chips, isolation components. This is the electronics STMicroelectronics specializes in. It is one of Europe's largest chipmakers, founded in 1987 and headquartered in Geneva.

The surge in orders from AI infrastructure arrives at a good moment. STMicroelectronics' historical markets, automotive electronics and industry, have stayed weak for the past several quarters because of inventory overstocking and cautious buyers. Demand from artificial intelligence is becoming a new point of support for the company.

• Forecast date: July 23, 2026
• Growth driver: demand from AI data centers
• Company founded in 1987, headquartered in Geneva
• Profile: power chips, microcontrollers and sensors for automotive and industrial use
• Weak markets: automotive and industry, against a backdrop of strong AI demand

Who else benefits from the demand

STMicroelectronics is not the only beneficiary beyond Nvidia. Other suppliers of power semiconductors and power components report the same trend: an inflow of orders from AI infrastructure. As hyperscalers ramp up data center construction, demand is reaching the second tier of the supply chain: makers of power chips, memory and analog components.

For investors, STMicroelectronics' forecast signals that monetization of the AI boom extends beyond accelerator sales. Power delivery, cooling and energy management for server racks create steady, less visible demand for "supporting" chips.

What this means

The AI boom is no longer a story only about Nvidia and GPU makers. Demand is reaching suppliers of power chips and power components, and for STMicroelectronics it is a chance to offset the slump in the automotive and industrial markets and return to revenue growth.