--- title: "STMicroelectronics puts its STM32 chip franchise on a November 18 investor call" description: "Three days after putting a $1.03 microcontroller into production for AI data centers, ST has scheduled a full investor call for one chip franchise; traders bought 35,790 calls, 115% above average, into a disclosure ST has never broken out. Whether management puts a number on the story decides whose money moves." publisher: "The Inference" section: "Chips" published: 2026-11-14T15:07:23.318Z modified: 2026-11-14T15:07:23.318Z canonical: https://theinference.org/article/stmicroelectronics-puts-its-stm32-chip-franchise-on-a-november-18-investor-call language: en keywords: "STMicroelectronics, Microcontrollers, Semiconductors, Options Trading" --- # STMicroelectronics puts its STM32 chip franchise on a November 18 investor call > Three days after putting a $1.03 microcontroller into production for AI data centers, ST has scheduled a full investor call for one chip franchise; traders bought 35,790 calls, 115% above average, into a disclosure ST has never broken out. Whether management puts a number on the story decides whose money moves. [STMicroelectronics](https://theinference.org/markets/companies/stmicroelectronics) [filed a 6-K on November 12, 2026](https://www.sec.gov/Archives/edgar/data/932787/000094787126001014/0000947871-26-001014-index.htm), putting its STM32 microcontroller franchise alone on an investor webcast, November 18 at 3 p.m [1]. CET, under the title "STM32: pioneering the convergence era" [1]. Hosting is Remi El-Ouazzane, president of ST's microcontrollers, digital and RF products group (MDRF). The next day, Jean-Marc Chery, ST's president and chief executive, [speaks at the Morgan Stanley European technology conference in Barcelona](https://www.sec.gov/Archives/edgar/data/932787/000094787126001013/0000947871-26-001013-index.htm) [2]. A company that devotes a full call to one franchise does one of two things: puts a number on it, or sells a slogan. Call option traders are not waiting to find out: they [bought 35,790 STM calls on Friday, about 115% above the average of 16,663](https://www.marketbeat.com/instant-alerts/options-stmicroelectronics-nyse-stm-stock-sees-unusually-high-call-option-buying-2026-11-13/), into a disclosure ST has never broken out; the stock closed at $46.75, near the floor of a $21.11 to $81.42 range [5]. ## A dollar chip in a gigawatt story The exhibit is [the STM32G5, unveiled November 4 and already in production](https://themachinemaker.com/news/stmicroelectronics-launches-stm32g5-microcontrollers-for-ai-data-centres-and-robotics/): a mixed-signal [Arm](https://theinference.org/markets/companies/arm) Cortex-M33 microcontroller with twice the compute of the G4, a 111-picosecond high-resolution timer, and a starting price of US$1.0340 at 10,000 units [3][4]. ST sells it as the controller for AI data-center power supplies and robotics, pointing to racks moving toward 1 megawatt and some sites toward more than 2 gigawatts of peak power by 2030 [3]. A controller watching a power supply is a dollar-a-chip job; the money in that power supply sits in the silicon carbide and gallium nitride devices the timer switches [3]. ## The same buildout is squeezing ST's own car-chip lines The tension ST must answer on Wednesday is one its own chief executive named. In Munich days before the G5 launch, Chery warned that [AI data centers are pulling foundry and packaging capacity away from automotive chip lines](https://theinference.org/article/stmicroelectronics-ceo-warns-ai-data-centers-are-starving-car-chip-lines-aumovio-sees-a-1-billion-2027-hit), and car-electronics supplier Aumovio put its resulting 2027 hit at about €1 billion [6]. The customer dollars ST now chases with a $1.03 microcontroller are the same ones squeezing its automotive base, which has historically paid the factory bills [6]. Growth in one end market that starves another is not yet a growth story; it is a reallocation inside the same company. ## A revenue beat, an earnings miss and a 39% guide The fundamentals are mixed: Q3 revenue of $3.76 billion beat the $3.72 billion consensus while earnings of $0.37 missed the $0.40 estimate, and Q4 guidance is $4.15 billion at a 39% gross margin [5]. Earlier reporting on this site [put ST's expected AI revenue at $1.3 billion](https://theinference.org/article/stmicroelectronics-fell-9-3-on-ai-buildout-fears-it-expects-1-3-billion-of-ai-revenue-under-a-tenth), under a tenth of sales [7]. Revenue has now recovered for three straight quarters and passed the Q4 2024 level for the first time in eight [8]. *Chart: **Revenue is back above the Q4 2024 level for the first time in eight quarters** Line chart of STMicroelectronics quarterly revenue in billions of dollars from Q4 2024 to Q3 2026: 3.32, 2.52, 2.77, 3.19, 3.33, 3.10, 3.49 and 3.76, with the Q1 2025 trough and the Q4 2024 level marked.* *STMicroelectronics quarterly revenue, USD billions, from its SEC filings. Q3 2026, at $3.76B, is the first quarter above the Q4 2024 level in eight quarters. Source: STMicroelectronics quarterly figures from its SEC filings. [8]* ## Watch for the number, not the slogan Do not pay for the AI story before Wednesday. The tell is plain: if El-Ouazzane puts a figure on STM32 data-center revenue, the slogan becomes a line item; if not, the calls expire loud and cheap. ## Takeaway Traders bought 35,790 STM calls, 115% above average, into a November 18 webcast devoted to the STM32 franchise, a business ST has never broken out. If management puts a figure on STM32 data-center revenue the slogan becomes a line item; if not, the calls expire cheap. ## Sources 1. [SEC EDGAR, Form 6-K, STMicroelectronics investor call on STM32, 12 November 2026](https://www.sec.gov/Archives/edgar/data/932787/000094787126001014/0000947871-26-001014-index.htm) 2. [SEC EDGAR, Form 6-K, Chery to speak at Morgan Stanley conference, 12 November 2026](https://www.sec.gov/Archives/edgar/data/932787/000094787126001013/0000947871-26-001013-index.htm) 3. [The Machine Maker, STMicroelectronics launches STM32G5 microcontrollers for AI data centres and robotics, 14 November 2026](https://themachinemaker.com/news/stmicroelectronics-launches-stm32g5-microcontrollers-for-ai-data-centres-and-robotics/) 4. [CNX Software via X, new 280 MHz STM32G5 Cortex-M33 MCU, 10 November 2026](https://x.com/cnxsoft/status/2119989183888650473) 5. [MarketBeat, STMicroelectronics stock sees unusually high call option buying, 13 November 2026](https://www.marketbeat.com/instant-alerts/options-stmicroelectronics-nyse-stm-stock-sees-unusually-high-call-option-buying-2026-11-13/) 6. [The Inference, STMicroelectronics CEO warns AI data centers are starving car-chip lines; Aumovio sees a €1 billion 2027 hit, 11 November 2026](/article/stmicroelectronics-ceo-warns-ai-data-centers-are-starving-car-chip-lines-aumovio-sees-a-1-billion-2027-hit) 7. [The Inference, STMicroelectronics fell 9.3% on AI buildout fears; it expects $1.3 billion of AI revenue, under a tenth, 6 November 2026](/article/stmicroelectronics-fell-9-3-on-ai-buildout-fears-it-expects-1-3-billion-of-ai-revenue-under-a-tenth) 8. [STMicroelectronics, quarterly figures from its SEC filings, retrieved 14 November 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000932787) --- STMicroelectronics puts its STM32 chip franchise on a November 18 investor call — The Inference. Canonical: https://theinference.org/article/stmicroelectronics-puts-its-stm32-chip-franchise-on-a-november-18-investor-call