Reports Q4 revenue $4.42B, consensus $4.41B. Jean-Marc Chery, STMicroelectronics president and CEO, commented: "FY22 revenues increased 26.4% to $16.13 billion, driven by strong demand in automotive and industrial, and our engaged customer programs. Operating margin increased to 27.5% from 19.0% in FY21 and net income almost doubled to $3.96 billion. We invested $3.52 billion in CAPEX while delivering free cash flow of $1.59 billion."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on STM:
- Semiconductor ETFs Gain Thanks to Strong Earnings Results
- STMicroelectronics Reports Q4 and FY 2022 Financial Results
- STMicroelectronics Announces Status of Common Share Repurchase Program
- Aehr Test Systems price target raised to $45 from $31 at Craig-Hallum
- STMicroelectronics initiated with an Outperform at Bernstein