STMicroelectronics Reports 2024 First Quarter Financial Results

• Q1 net revenues $3.47 billion; gross margin 41.7%; operating margin 15.9%; net income $513 million
• Q1 free cash flow¹ $(134) million after Net Capex¹ of $967 million
• Business outlook at mid-point: Q2 net revenues of $3.2 billion and gross margin of 40%

The press release is available as a PDF here.