- Q4 net revenues $4.42 billion; gross margin 47.5%; operating margin 29.1%; net income $1.25 billion
- FY net revenues $16.13 billion; gross margin 47.3%; operating margin 27.5%; net income $3.96 billion
- Business outlook at mid-point: Q1 net revenues of $4.20 billion and gross margin of 48.0%.
STMicroelectronics a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the fourth quarter ended December 31, This press release also contains non-U.S. GAAP measures (see Appendix for additional information).
ST reported fourth quarter net revenues of $4.42 billion, gross margin of 47.5%, operating margin of 29.1%, and net income of $1.25 billion or $1.32 diluted earnings per share.
Jean-Marc Chery, STMicroelectronics President & CEO, commented:
- “In Q4, ST delivered revenues and gross margin above the mid-point of the guidance.
- “FY22 revenues increased 26.4% to $16.13 billion, driven by strong demand in automotive and industrial, and our engaged customer programs. Operating margin increased to 27.5% from 19.0% in FY21 and net income almost doubled to $3.96 billion. We invested $3.52 billion in CAPEX while delivering free cash flow of $1.59 billion.
- “Our first quarter business outlook, at the mid-point, is for net revenues of $4.20 billion, increasing year-overyear by 18.5% and decreasing sequentially by 5.1%; gross margin is expected to be about 48.0%.
- “For 2023, we plan to invest about $4.0 billion in CAPEX, mainly to increase our 300mm wafer fabs and silicon carbide manufacturing capacity including our substrate initiative.
- “Based on our strong customer demand and increased manufacturing capacity, we will drive the Company based on a plan for FY23 revenues in the range of $16.8 billion to $17.8 billion.”
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