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FY 2021 net revenues were $12.76 billion, with gross margin of 41.7% and net income of $2 billion.
January 28, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the fourth quarter ended Dec. 31, 2021. ST reported fourth quarter net revenues of $3.56 billion, gross margin of 45.2%, operating margin of 24.9%, and net income of $750 million or $0.82 diluted earnings per share. “As we announced on Jan. 7, 2022, our Q421 net revenues and gross margin came in better than expected primarily due to better than anticipated operations in an ongoing dynamic market,’ said Jean-Marc Chery, STMicroelectr...
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