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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ST Microelectronics | BIT:STM | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Apr 2022 to Apr 2024
By Cristina Roca
STMicroelectronics NV on Thursday issued targets for the 2025-27 period ahead of the start of its capital markets day.
The European chip maker said it expects to reach a goal of revenue of more than $20 billion sometime in the period. This compares with revenue expectations of $14.8 billion to $15.3 billion for 2022.
STMicroelectronics also aims to expand its gross margin to about 50% for the period, compared with a goal of about 46% for this year. Operating margin should expand to more than 30%, compared with 2022 guidance of 24% to 26%, the company said.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
May 12, 2022 01:40 ET (05:40 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year ST Microelectronics Chart |
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