ST's guidance, at the mid-point, for the 2026 second quarter is:

  • Net revenues are expected to be $3.45 billion, an increase of 11.6% sequentially, plus or minus 350 basis points.
  • U.S. GAAP Gross margin of 34.8%, plus or minus 200 basis points. Non-U.S. GAAP1 gross margin is expected to be about 35.2%, plus or minus 200 basis points.
  • This outlook is based on an assumed effective currency exchange rate of approximately $1.15 = €1.00 for the 2026 second quarter and includes the impact of existing hedging contracts.
  • The second quarter will close on June 27, 2026.

This business outlook does not include any impact of potential further changes to global trade tariffs compared to the current situation.