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.
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