STMicroelectronics has roughly doubled what it expects to make from data centres this year. The Franco-Italian chipmaker said on Monday it now anticipates around $1bn in data-centre revenue in 2026, up from the “nicely above $500m” it had guided to before, citing sustained demand for AI infrastructure and faster-than-expected progress ramping up capacity.
The revision runs into next year too. STMicro said data-centre revenue could double again in 2027, against earlier guidance of “well above $1bn”, which puts the 2027 figure on a steeper path than the company had previously been willing to forecast. The update is a guidance raise rather than a results announcement, the kind of mid-year recalibration that signals order books filling ahead of plan.
Behind the numbers is a named anchor customer. STMicro is leaning on a multi-year deal with Amazon Web Services, described as worth multiple billions of dollars, to build out its data-centre business across power conversion, silicon photonics and high-performance computing.
Those three areas are the unglamorous plumbing of an AI data centre, the parts that move power and light around rather than the accelerators that get the headlines, and they are where STMicro is positioning its portfolio.
