STMicroelectronics (STM) is hosting its Capital Markets Day in Paris, France. Within the framework of an unchanged strategy, ST is reiterating its $20B plus revenue ambition and associated financial model, that it now expects to be reached by 2030. ST is also setting an intermediate financial model with revenues expected around $18B with an operating margin within a 22% to 24% range in 2027-2028. With the execution of its manufacturing reshaping program and cost base resizing initiative, ST expects to exit 2027 with high triple-digit million-dollar savings compared to the current cost base. This will enable the company to reach an operating margin between 22 and 24% in 2027-2028.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STM:
- STMicroelectronics Boosts Share Buyback with Recent Repurchase
- STMicroelectronics enters 21-year PPA with Engie SA entity and Conextone Energy
- STMicroelectronics Strengthens Equity with Share Buyback
- STMicroelectronics price target lowered to EUR 30 from EUR 36 at Citi
- STMicroelectronics downgraded to Neutral from Outperform at Oddo BHF