12 Best Photonics Stocks to Buy Now

9. STMicroelectronics N.V. (NYSE:STM)

On May 5, BofA boosted its price target for STMicroelectronics N.V. (NYSE:STM) to EUR 49 from EUR 42. It kept a Neutral rating on the stock. The firm belief that low earth orbit exposure supports space as a “structurally attractive growth vector.” The analyst said that the company has “deep customer embedment, notably with SpaceX,” and that its valuation supports a Neutral view.

Separately, on April 23, STMicroelectronics N.V. (NYSE:STM) released first-quarter 2026 results. It generated $3.10 billion in net sales and a 33.8% gross margin, as well as $70 million in operating income and $37 million in net income. According to CEO Jean-Marc Chery, revenue “came above the mid-point” of guidance, mainly caused by higher revenue in engaged client programs. Gross margin also exceeded expectations due to “better product mix.” He noted that demand had improved due to “strong booking and normalized inventory.” According to Chery, ST expects second-quarter revenue of $3.45 billion and a gross margin of approximately 34.8%, with datacenter revenue “nicely above $500 million” in 2026.

STMicroelectronics NV is a multinational semiconductor firm. The company operates in the Automotive and Discrete Group, Analog, MEMS, and Sensors Group, Microcontrollers and Digital ICs Group, and Others segments.