STMicroelectronics reported second-quarter EBITDA of $679 million against $797.7 million expected and issued third-quarter revenue guidance of $3.70 billion plus or minus 3.5 percent, slightly below the $3.72 billion analyst consensus. Shares declined 14 percent on July 23 while remaining more than 110 percent higher for the year. The company supplies SpaceX and raised its AI data-center sales target.