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Reports full-year net revenues of $17.29 billion, gross margin 47.9%, and net income of $4.21 billion.
January 25, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics N.V. reported U.S. GAAP financial results for the fourth quarter ended Dec. 31, 2023. ST reported fourth quarter net revenues of $4.28 billion, gross margin of 45.5%, operating margin of 23.9%, and net income of $1.08 billion or $1.14 diluted earnings per share. “FY23 revenues increased 7.2% to $17.29 billion,” said Jean-Marc Chery, ST president and CEO. “Operating margin was 26.7% compared to 27.5% in FY22 and net income increased 6.3% to $4.21 billion. We invested $4.1...
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