STMicroelectronics Reports Q4 and FY 2024 Financial Results

• Q4 net revenues $3.32 billion; gross margin 37.7%; operating margin 11.1%; net income $341 million
• FY net revenues $13.27 billion; gross margin 39.3%; operating margin 12.6%; net income $1.56 billion
• Business outlook at mid-point: Q1 net revenues of $2.51 billion and gross margin of 33.8%
• Start of the company-wide program to resize global cost base*

The press release is available as a PDF here.