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STMicroelectronics (STM)
NYSE:STM
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.35Last Year’s EPS
1.14Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -7.64%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The call highlighted strategic wins and initiatives, particularly in automotive and manufacturing advancements. However, significant revenue declines across major segments, reduced gross margins, and challenges in automotive and industrial markets contributed to a balanced yet cautious outlook.Company Guidance
During the STMicroelectronics Q3 2024 earnings call, the company provided guidance indicating a challenging environment with several key metrics outlined. For Q4 2024, STMicroelectronics expects net revenues of approximately $3.32 billion, representing a year-over-year decline of 22.4% but a sequential increase of 2.2%. The gross margin is anticipated to be around 38%, influenced by 400 basis points of unused capacity charges. The full-year 2024 revenue is projected to be about $13.27 billion, marking a 23.2% decrease from the previous year. Looking ahead to Q1 2025, the company foresees a revenue decline exceeding normal seasonality, citing a significant reduction in calendar days and a challenging customer order backlog. Additionally, the company announced a new program to reshape its manufacturing footprint, focusing on transitioning to 300-millimeter silicon and 200-millimeter silicon carbide wafers, aiming for cost savings in the high triple-digit million-dollar range by 2027.Sequential Revenue Increase
Q3 net revenues increased 0.6% sequentially, with segments such as Personal Electronics and Power and Discrete products showing growth.
Strategic Automotive Wins
Multiple wins in automotive with silicon carbide and silicon devices for new traction inverter and onboard charger design, and automotive microcontrollers.
New Manufacturing Program
Launch of a program to reshape the manufacturing footprint, focusing on 300mm silicon and 200mm silicon carbide for improved productivity.
Collaborations and Design Wins
New strategic collaboration with Qualcomm for industrial and consumer IoT solutions, and significant design wins in both automotive and industrial segments.
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STM Earnings History
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 |
|---|---|---|---|
| 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% |
| Jan 25, 2024 | $45.56 | $45.20 | -0.79% |
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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FAQ
When does STMicroelectronics (STM) report earnings?
STMicroelectronics (STM) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is STMicroelectronics (STM) earnings time?
STMicroelectronics (STM) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STM EPS forecast?
STM EPS forecast for the fiscal quarter 2024 (Q4) is 0.35.
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