STMicroelectronics raises 2026 data center revenue target to $1 billion amid growing AI infrastructure demand

STMicroelectronics raised its data center revenue forecast to about $1 billion for 2026, up from an earlier forecast of revenue nicely above $500 million.

The Franco-Italian chipmaker supplies infrastructure components—power, management, and support systems for data centers—rather than the graphics processors used to train AI models.

The company said revenue could double again in 2027 if current trends continue, and the stronger forecast reflects progress in expanding factory capacity.