STMicroelectronics N.V. (STM), Europe's biggest chipmaker, reported a slightly narrow net loss for the first quarter. Loss for the quarter clocked in at $171 million or $0.19 per share, compared to $176 million or $0.20 per share in the year-ago quarter. The latest first quarter results echoed an impairment charge of $101 million pertaining to Wireless goodwill and other intangible assets.
Net revenue for the first quarter fell to $2.009 billion from $2.017 billion in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share on revenue of $2.01 billion for the first quarter. Analysts' estimates typically exclude special items.
STMicroelectronics President and CEO, Carlo Bozotti stated, ""First quarter sales and gross margin results were in line with the mid-point of our guidance ST-Ericsson, our businesses delivered revenues better than normal seasonality despite the ongoing soft macro-economic environment, due to the strong performance of Microcontrollers, Power and Smart Power for industrial and automotive.
Looking forward to the second quarter the company anticipates revenue growth sequentially in the range of about 3% at the midpoint.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.