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STMicroelectronics Reports 2024 Third Quarter Financial Results

2024/11/01STMicroelectronics Company / Market Trends

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・ Q3 net revenues $3.25 billion; gross margin 37.8%; operating margin 11.7%; net income $351 million

・ YTD net revenues $9.95 billion; gross margin 39.9%; operating margin 13.1%; net income $1.22 billion

・Business outlook at mid-point: Q4 net revenues of $3.32 billion and gross margin of 38%

・ Launch of a new company-wide program to reshape our manufacturing footprint accelerating our wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing our global cost base

Geneva, October 31, 2024 – STMicroelectronics N.V. (“ST”) (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the third quarter ended

September 28, 2024. This press release also contains non-U.S. GAAP measures (see Appendix for additional information).

ST reported third quarter net revenues of $3.25 billion,

Please be referred the News document.

Companies Website:
http://www.st-japan.co.jp

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