ST(US:STM)2021-10-28 19:33Q3 2021 Financial Performance - Net revenues reached $3.20 billion, a 6.9% increase Q/Q and a 19.9% increase Y/Y[7] - Gross margin was 41.6%, exceeding the mid-point by 60 basis points[7] - Operating margin improved Y/Y from 12.3% to 18.9%, and net income nearly doubled Y/Y to $474 million[7] - Free cash flow was $420 million, following net capital expenditure payments of $437 million[7] 9M 2021 Financial Performance - Net revenues increased 31.8% Y/Y to $9.20 billion, with growth in all product groups except RF Communications[7] - Operating margin was 16.7% and net income reached $1.25 billion[7] Q4 2021 Outlook - The mid-point outlook for net revenues is $3.40 billion, representing a 5.1% Y/Y and 6.3% Q/Q increase[7] - Gross margin is expected to be about 43.0% at the mid-point[7] FY 2021 Expectations - Net revenues are now expected to be about $12.6 billion, translating into 23.3% Y/Y growth at the mid-point[7] - The FY21 CAPEX investment plan remains unchanged at about $2.1 billion[7]