STMicroelectronics cuts outlook as slower demand causes Q1 miss

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Go back to STMicroelectronics cuts outlook as slower demand causes Q1 miss

STMicroelectronics Reports 2024 First Quarter Financial Results

April 25, 2024 1:00 AM EDT

PR No: C3254C

STMicroelectronics Reports 2024 First Quarter Financial Results

Q1 net revenues $3.47 billion; gross margin 41.7%; operating margin 15.9%; net income $513 millionQ1 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%

Geneva, April 25, 2024 STMicroelectronics N.V. (ST) (NYSE: STM),... More