Earnings release
Page 1
PR No : C3022C ● life.augmented ● Geneva , July 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 second quarter ended July 3 , 2021. This press release also contains non - U.S . GAAP measures ( see Appendix for additional information ) . ● ST reported second quarter net revenues of $ 2.99 billion , gross margin of 40.5 % , operating margin of 16.3 % , and net income of $ 412 million or $ 0.44 diluted earnings per share . Jean - Marc Chery , STMicroelectronics President & CEO , commented : " Q2 net revenues and gross margin came in at the high - end of our business outlook range driven by continued strong demand globally . ● STMicroelectronics Reports 2021 Second Quarter Financial Results Q2 net revenues $ 2.99 billion ; gross margin 40.5 % ; operating margin 16.3 % ; net income $ 412 million H1 net revenues $ 6.01 billion ; gross margin 39.7 % ; operating margin 15.5 % ; net income $ 776 million Business outlook at the mid - point : Q3 net revenues of $ 3.20 billion and gross margin of 41.0 % Press release Communiqué de presse Comunicato stampa " On a year - over - year basis , Q2 net revenues increased 43.4 % . Q2 gross margin of 40.5 % and operating margin of 16.3 % improved 550 and 1,120 basis points , respectively , and net income increased 357.2 % to $ 412 million . " First half net revenues increased 39.1 % year - over - year , driven by growth in all product groups , except the RF Communications sub - group . Operating margin was 15.5 % and net income $ 776 million . 新闻稿 / 新聞稿 プレス リリース 보도 자료 " ST's third quarter outlook , at the mid - point , is for net revenues of $ 3.20 billion , increasing year - over - year and sequentially by 20.0 % and 7.0 % , respectively ; gross margin is expected to be about 41.0 % . Quarterly Financial Summary ( U.S. GAAP ) " We will now drive the Company based on a plan for FY21 revenues of $ 12.5 billion , plus or minus $ 100 million , a year - over - year increase of 22.3 % at the mid - point . This growth is expected to be driven by strong dynamics in all the end markets we address and our engaged customer programs . Our CAPEX plan will now be about $ 2.1 billion for 2021. " ( US $ m , except per share data ) Net Revenues Gross Profit Gross Margin Operating Income Operating Margin Net Income Diluted Earnings Per Share Q2 2021 $ 2,992 $ 1,212 40.5 % $ 489 16.3 % $ 412 $ 0.44 1 Q / Q -0.8 % 3.1 % Q1 2021 Q2 2020 $ 3,016 $ 2,087 $ 1,175 $ 730 39.0 % 35.0 % $ 440 $ 106 14.6 % 5.1 % 170 bps $ 364 $ 90 13.1 % $ 0.39 $ 0.10 12.8 % 150 bps 11.1 % Y / Y 43.4 % 66.1 % 550 bps 358.8 % 1,120 bps 357.2 % 340.0 %