STMicroelectronics A Q2 Preview, It Benefits From A 10% SiC Wafer Shortage In 2024

STMicroelectronics (NYSE:STM) will release its second quarter 2024 earnings before the opening of trading on the European Stock Exchanges on July 25, 2024. For Q2 2024, STM expects net revenues to fall to $3.2 billion with a gross margin around 40%. This would be a YoY decrease of 7.8%. For the full-year 2024 STM has revised revenues down to $14-$15 billion, with a gross margin in the low 40s. Analysts also expect the company to report an EPS of about $1.02. In the previous Q1 2024 call, STM reported net re ...