STMicro: Q4 net income up 29%

(CercleFinance.com) - STMicroelectronics has reported a 28.
9% year-on-year increase in Q4 net income to 750 million dollars, or 0.82 dollar per share, and a 4.6 point improvement in its operating margin to 24.9%.

The semiconductor maker reported net sales growth of 9.9% to $3.56 billion, with net sales up in all product groups except the imaging subgroup, and a gross margin that is up 6.4% at 45.2%.

For Q1 2022, at the midpoint, the Franco-Italian group is targeting net sales of 3.5 billion dollars, up 16.1% year-on-year (-1.6% sequentially) and a gross margin that should be around 45%.

Copyright (c) 2022 CercleFinance.com. All rights reserved.