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Jean-Marc Chery

Chairman of the Managing Board, President & Chief Executive Officer, STMicroelectronics

Search every verified Jean-Marc Chery interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Jean-Marc Chery, CEO of STMicroelectronics, discussed the company’s second quarter 2026 results and outlook during an earnings call on June 27, 2026. He reported net revenues of $3.49 billion, above the midpoint of the company’s outlook, and a gross margin of 34.8%. Chery noted that demand accelerated in the quarter, with strong bookings across all end markets and improved visibility. For the third quarter, he guided for revenues of $3.7 billion, a sequential increase of 6.2% and a year-over-year rise of 16.2%, with gross margin expected around 37%. He attributed a below-normal seasonal pattern in personal electronics to a shift in product cycles, and said revenue growth would accelerate in the fourth quarter, driven by engaged customer programs in AI data centers and strength in computer and peripherals. Chery stated that STMicroelectronics is raising its revenue ambition for data centers, now expecting revenues above $1 billion in 2026 and, assuming current dynamics continue, “well above $2 billion in 2027.” He described the company’s portfolio as “uniquely addressing the emerging needs of physical AI where intelligent sensing, real-time control, and efficient power management are increasingly critical.” On the silicon carbide front, Chery confirmed that the company expects double-digit revenue growth in 2026 versus 2025, supported by design wins and a growing backlog, though he noted a transition from 6-inch to 8-inch wafer production is creating some supply tightness as products require customer qualification. He also reiterated the company’s target of a gross margin above 40%, but said this would not be achieved until the end of 2027, after the completion of transformation programs.

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Notable quotes

“ST's strategy is not to be afraid: we will fight on China's turf, because if we leave that market empty domestic players will become more and more competitive and later challenge us in Europe and the United States.”

“I think we have returned to a growth phase: Q4 is the turning point and this is confirmed by Q1 guidance of 20% year‑on‑year growth.”

“We cannot do massive acquisitions and burn our cash; semiconductor companies that make big acquisitions often don't have their own fabs — look at Intel, they tried to do both and it was a disaster.”

“It's completely behind us. I met the Italian Treasury director, Mr. Sor, they appointed two new members to ST's supervisory board and approved our budget and three‑year plan — those who wanted to harm ST are no longer there.”

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