STMicroelectronics Reports 2024 Third Quarter Financial Results

PR No: C3290C STMicroelectronics Reports 2024 Third Quarter Financial Results Q3 net revenues $3.25 billion; gross margin 37.8%; operating margin 11.7%; net income $351 million YTD net revenues $9.95 billion; gross margin 39.9%; operating margin 13.1%; net income $1.22 billion Business outlook at mid-point: Q4 net revenues of $3.32 billion and gross margin of 38% Launch of a new company-wide program to reshape our manufacturing footprint accelerating our wafer fab capacity to 300mm Silicon and 200mm Silicon ...