STMicro: EPS divided by three in Q4
(CercleFinance.com) - STMicroelectronics reported Q4 2024 EPS down 67.
5% y-o-y, to $0.37, with an operating margin down 12.8 points to 11.1%, as well as a gross margin that is down 7.8 points at 37.7%.
Net sales for the Franco-Italian semiconductor manufacturer fell by 22.4% to $3.32bn, with higher sales in personal electronics offset by lower sales in industrial.
STMicro reported a book-to-bill ratio that remained below one, as it continued to face a delayed recovery and inventory correction in industrial and a slowdown in automotive, particularly in Europe.
For Q1 2025, on average, it expects net sales of E2.51bn, down 27.6% y-o-y, with a gross margin of around 33.8%, impacted by around 500 basis points of charges related to unused capacity.
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5% y-o-y, to $0.37, with an operating margin down 12.8 points to 11.1%, as well as a gross margin that is down 7.8 points at 37.7%.
Net sales for the Franco-Italian semiconductor manufacturer fell by 22.4% to $3.32bn, with higher sales in personal electronics offset by lower sales in industrial.
STMicro reported a book-to-bill ratio that remained below one, as it continued to face a delayed recovery and inventory correction in industrial and a slowdown in automotive, particularly in Europe.
For Q1 2025, on average, it expects net sales of E2.51bn, down 27.6% y-o-y, with a gross margin of around 33.8%, impacted by around 500 basis points of charges related to unused capacity.
Copyright (c) 2025 CercleFinance.com. All rights reserved.