STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced that its preliminary and unaudited net revenues for the fourth quarter ended December 31, 2021 are above the business outlook range provided in the Company’s news release dated October 28, 2021.
Preliminary Q421 net revenues are USD 3.56 billion, 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 USD 3.40 billion, 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 USD 12.76 billion, 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.
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.