STMicroelectronics Expects Q4 Net Revenues To Be $3.32B Vs. Consensus Of $3.396B; Sees Gross Margin Of 38%, Plus Or Minus 200 Bps
STMicroelectronics NV ADR RegS +2.38%
STMicroelectronics NV ADR RegS STM | 27.13 | +2.38% |
Business Outlook
ST's guidance, at the mid-point, for the 2024 fourth quarter is:
- Net revenues are expected to be $3.32 billion, an increase of 2.2% sequentially, plus or minus 350 basis points.
- Gross margin of 38%, plus or minus 200 basis points.
- This outlook is based on an assumed effective currency exchange rate of approximately $1.11 = €1.00 for the 2024 fourth quarter and includes the impact of existing hedging contracts.
- The fourth quarter will close on December 31, 2024.