STMicroelectronics calls Q1 the bottom of 2025, predicts better Q2

(Reuters) -STMicroelectronics reported first-quarter earnings in line with expectations on Thursday, calling it the bottom point for the year, as it sees a better second quarter.

One of Europe's largest chipmakers posted revenue of $2.52 billion for the first quarter, in line with its own forecast of $2.51 billion. Analysts were expecting a similar number according to LSEG.

It expects revenue to reach $2.71 billion in the second quarter of 2025, versus analysts' expectations of $2.62 billion.

(Reporting by Nathan Vifflin in Gdansk, editing by Milla Nissi)

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