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Not All Chipmakers Are Doing Great; STMicroelectronics Lowers Annual Outlook After Q1 Performance - STMicroelectronics (NYSE:STM)

STM reported 18.4% revenue decline in Q1 2024, missed consensus estimates. Margins decreased and outlook for Q2 and 2024 is lower than expected.

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STMicroelectronics N : Q1 2024 CEO script

Q1 2024 Earnings Results Jean-Marc Chery, President & CEO April 25, 2024 Good morning everyone.

Jean marc cheryKrf communicationsCommunications equipmentMarc cheryNet capexProduct groupsGeneral purposePersonal electronicsReportable segmentsFully depleted silicon on insulatorHigh performance computingComputer peripherals

STMicroelectronics N V : STMicroelectronics Reports 2024 First Quarter Financial Results

STMicroelectronics N V : STMicroelectronics Reports 2024 First Quarter Financial Results
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STMicroelectronics Reports 2024 First Quarter Financial Results

PR No: C3254C STMicroelectronics Reports 2024 First Quarter Financial Results Q1 net revenues $3.47 billion; gross margin 41.7%; operating.

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Down quarter for ST

ST had Q1 net revenues down 18.4% y-o-y at $3.47 billion for a gross profit down 31.6% y-o-y at $1.44 billion, a gross margin of 41.7%, an operating

Jean marc cheryProduct groupNet capexPersonal electronicsMarc cheryFinancial summaryReportable segment

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