STMicroelectronics' fourth quarter preliminary revenues

Preliminary Q421 net revenues are $3.56bn, up 11.2% sequentially and 140 basis points above the high end of the range.

The prior outlook was for Q421 net revenues to be $3.40bn, an increase of 6.3% sequentially, plus or minus 350 basis points. “We ended Q421 with net revenues above the outlook range and gross margin at or slightly above the high-end of the outlook range, primarily due to better than anticipated operations in an ongoing dynamic market. Our FY21 revenues reached $12.76bn, an increase of 24.9% compared to FY20, reflecting a strong performance across all the end markets we address and our engaged customer programs throughout the year. I look forward to providing additional details on the fourth quarter and full year 2021 as well as on our first quarter 2022 guidance during our earnings call on January 27, 2022” said Jean-Marc Chery, STMicroelectronics’ President and CEO.

The Company will release its fourth quarter and full year 2021 earnings before the opening of trading on the European Stock Exchanges on Thursday, January 27, 2022. The press release will be available immediately after the release on the Company’s website at www.st.com. STMicroelectronics will conduct a conference call with analysts, investors and reporters to discuss its fourth quarter and full year 2021 financial results and current business outlook on January 27, 2022 at 9:30 a.m. Central European Time (CET) / 3:30 a.m. U.S. Eastern Time (ET). A live webcast (listen-only mode) of the conference call will be accessible at ST’s website, http://investors.st.com, and will be available for replay until February 11, 2022