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ST life.augmented PR No : C2998C Press release Communiqué de presse Comunicato stampa 新闻稿 / 新聞稿 プレス リリース 보도 자료 • • • STMicroelectronics Reports 2021 First Quarter Financial Results Q1 net revenues $ 3.02 billion ; gross margin 39.0 % ; operating margin 14.6 % ; net income $ 364 million Q1 free cash flow ( 1 ) $ 261 million after net capital expenditure payments of $ 405 million Business outlook at the mid - point : Q2 net revenues of $ 2.9 billion and gross margin of 39.5 % Geneva , April 29 , 2021 - STMicroelectronics ( NYSE : STM ) , a global semiconductor leader serving customers across the spectrum of electronics applications , reported U.S. GAAP financial results for the first quarter ended April 3 , 2021. This press release also contains non - U.S . GAAP measures ( see Appendix for additional information ) . ST reported first quarter net revenues of $ 3.02 billion , gross margin of 39.0 % , operating margin of 14.6 % , and net income of $ 364 million or $ 0.39 diluted earnings per share . Jean - Marc Chery , STMicroelectronics President & CEO , commented : • • " In the first quarter of 2021 , net revenues increased 35.2 % year - over - year . All product groups contributed to this growth , on continued acceleration of demand globally . Operating margin improved 420 basis points to 14.6 % and net income increased 89.6 % to $ 364 million . " On a sequential basis , net revenues decreased 6.8 % , 270 basis points above the mid - point of our outlook . Automotive and Power Discrete products and Microcontrollers increased sequentially , partially offset by Personal Electronics products . " ST's second quarter outlook , at the mid - point , is for net revenues of $ 2.9 billion , increasing year - over - year by 39 % , and decreasing sequentially by 3.8 % due to usual seasonality in Personal Electronics ; gross margin is expected to be about 39.5 % . " We will drive the Company based on a plan for FY21 revenues of $ 12.1 billion , plus or minus $ 150 million , a year - over - year increase of 18.4 % at the mid - point . This growth is expected to be driven by strong dynamics in all end markets we address and our engaged customer programs . " For 2021 , we now plan to invest about $ 2.0 billion in CAPEX to support the strong market demand and our strategic initiatives . " Quarterly Financial Summary ( U.S. GAAP ) ( US $ m , except per share data ) Net Revenues Gross Profit Gross Margin Operating Income Operating Margin Net Income Diluted Earnings Per Share Q1 2021 $ 3,016 Q4 2020 $ 3,235 Q1 2020 Q / Q Y / Y $ 2,231 -6.8 % 35.2 % $ 1,175 $ 1,254 $ 846 -6.3 % 38.9 % 39.0 % 38.8 % 37.9 % 20 bps 110 bps $ 440 $ 657 $ 231 -33.0 % 90.3 % 14.6 % 20.3 % 10.4 % - -570 bps 420 bps $ 364 $ 582 $ 192 -37.4 % 89.6 % $ 0.39 $ 0.63 $ 0.21 -38.1 % 85.7 % ( 1 ) Non - U.S . GAAP . See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important . 1