STMicro targets more than $3 billion in space chip revenue as demand grows

STMicroelectronics is targeting well above $3 billion in cumulative revenue from its semiconductor space business during 2026-2028, signaling strong growth expectations. The outlook is being driven by surging demand for chips used in low-Earth orbit satellite networks. The announcement is positive for the company’s long-term revenue mix, though near-term market impact should be limited.

Analysis

STMicroelectronics is targeting well above $3 billion in cumulative revenue from its semiconductor space business during 2026-2028, signaling strong growth expectations. The outlook is being driven by surging demand for chips used in low-Earth orbit satellite networks. The announcement is positive for the company’s long-term revenue mix, though near-term market impact should be limited.