STMicroelectronics faced a challenging FY2024 with significant declines in revenue, profitability, and market demand, particularly in the industrial and automotive sectors. While there were strategic advancements in silicon carbide, sustainability, and new product introductions, the company continues to grapple with inventory challenges and underutilization charges. The sentiment reflects a cautious outlook with plans for strategic manufacturing and cost-saving initiatives to restore growth and profitability.

Company Guidance

During the STMicroelectronics full-year 2024 earnings call, the company provided a detailed financial overview, highlighting several key metrics. For the fourth quarter, net revenues were $3.32 billion, decreasing 22.4% year-over-year but increasing 2.2% sequentially, with a gross margin of 37.7% and an operating margin of 11.1%. Net income for Q4 was $341 million. For the full-year 2024, net revenues decreased 23.2% to $13.27 billion, with gross and operating margins of 39.3% and 12.6%, respectively, and a net income decline of 63% to $1.56 billion. The company invested $2.53 billion in net capital expenditures and generated $288 million in free cash flow. The guidance for Q1 2025 expects revenues of $2.51 billion with a gross margin of about 33.8%. The company plans to invest $2 billion to $2.3 billion in net CapEx for 2025. STMicroelectronics also reported on business dynamics, highlighting challenges in the automotive sector and inventory corrections in industrial, with strategic shifts aimed at long-term growth in silicon carbide and microcontrollers.

Growth in Silicon Carbide Engagement

STMicroelectronics reported strong momentum in silicon carbide design-in activities, particularly in China, with more engagement with top Chinese carmakers than any other suppliers. Revenue for silicon carbide products reached $1.1 billion for the year.

Strategic Manufacturing Initiatives

The company announced the construction of a new high-volume 200-millimeter silicon carbide manufacturing facility in Catania, Italy, and reported the launch of a program to accelerate wafer fab capacity to 300-mm silicon and 200-mm silicon carbide.

Sustainability Achievements

STMicroelectronics is on track to be carbon-neutral by 2027 and reached agreements for renewable energy use in Italy, Malaysia, and France.

New Product Introductions

Introduced new silicon carbide MOSFET technology, STM32N6 MCU series, and innovative smart sensors with edge AI processing for industrial applications.

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STMicroelectronics (STM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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STM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2025	2025 (Q1)	0.06 / -	0.54	―	―	―
Jan 30, 2025	2024 (Q4)	0.35 / 0.37	1.14	-67.54% (-0.77)
Oct 31, 2024	2024 (Q3)	0.32 / 0.37	1.16	-68.10% (-0.79)
Jul 25, 2024	2024 (Q2)	0.35 / 0.38	1.06	-64.15% (-0.68)
Apr 25, 2024	2024 (Q1)	0.62 / 0.54	1.1	-50.91% (-0.56)
Jan 25, 2024	2023 (Q4)	0.95 / 1.14	1.32	-13.64% (-0.18)
Oct 26, 2023	2023 (Q3)	1.09 / 1.16	1.16	0.00% (0.00)
Jul 27, 2023	2023 (Q2)	1.09 / 1.06	0.92	15.22% (+0.14)
Apr 27, 2023	2023 (Q1)	0.98 / 1.10	0.79	39.24% (+0.31)
Jan 26, 2023	2022 (Q4)	1.12 / 1.32	0.82	60.98% (+0.50)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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STM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 30, 2025	$24.74	$22.52	-8.97%
Oct 31, 2024	$27.47	$27.06	-1.49%
Jul 25, 2024	$39.31	$33.28	-15.34%
Apr 25, 2024	$41.82	$42.28	+1.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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