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STMicro: targets set for 2025-27

( - At its CMD, STMicroelectronics said that it is targeting at least 20 billion dollars in revenues for 2025-27, thanks to its focus on smart mobility, power and energy management, the Internet of Things and connectivity.

Again for 2025-27, the semiconductor manufacturer expects a gross margin of around 50%, operating and EBITDA margins of above 30% and 40% respectively, and free cash flow (non-US GAAP) above 25%.

For FY 2022, STMicro expects revenues of 14.8 to 15.3 billion dollars, a gross margin of around 46%, an operating margin of 24% to 26%, and free cash flow of over 700 million dollars.

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