STMicroelectronics said third-quarter revenue rose 17.9% year over year. Revenue reached $3.76 billion, slightly above analyst expectations.
Non-U.S. GAAP operating income nearly doubled to $429 million. That topped the consensus estimate of $400.5 million. Higher sales in communication equipment, computer peripherals and personal electronics drove the performance.
The Franco-Italian chipmaker forecast fourth-quarter revenue of approximately $4.15 billion. Analysts had expected $4.10 billion. The company cited robust demand from AI data centers and satellite operators as a factor in its results and outlook. CEO Jean-Marc Chery said demand remains well above supply.