STMicroelectronics (STMPA FP) Q1 2026 (USD): EPS 0.13 (exp. 0.19), Revenue 3.10bln (exp. 3.06bln), Gross Margin 33.8% & above the mid-point of outlook range, due to a better product mix.
STMicroelectronics reported Q1 EPS below expectations, but revenue exceeded forecasts, indicating resilient demand amid macro uncertainty.
Newsquawk Daily European Opening News - 23rd April 2026
Hyundai Motor (005380 KS) Q1 2026 (KRW): Net 2.3tln (exp. 2.5tln), Operating Profit 2.51tln (exp. 2.81tln), Global Market Share 4.9% (prev. 4.6% Q/Q)
STMicroelectronics (STMPA FP) Q1 2026 (USD): EPS 0.13 (exp. 0.19), Revenue 3.10bln (exp. 3.06bln), Gross Margin 33.8% & above the mid-point of outlook range, due to a better product mix.
Nestle (NESN SW) Q1 2026 (CHF): Sales 21.3bln (exp. 21.1bln), Organic Growth 3.5%; maintains guidance
Indian HSBC Composite PMI Flash (Apr) 58.30 (Prev. 57.0)
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- “In Q1, despite the macroeconomic uncertainty, we saw improving demand with strong booking and normalized inventory in distribution.”
- Co. is "now strategically positioned to capture upside from new AI-driven programs, leveraging specialized technologies to enable the evolving AI infrastructure..."
Q2 Guidance:
- Revenue: 3.45bln (exp. 3.18bln)
- Gross Margin: 34.8%, incl. 100bps of unused capacity charges.
Importantly, the company is positioned to benefit from AI-driven growth, which may enhance its long-term outlook, especially as Q2 guidance also points to stronger revenue and margins than anticipated. This mixed earnings result could lead to varied market reactions depending on investor sentiment towards semiconductor demand and AI opportunities.
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