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life.augmented PR No : C3048C ● STMicroelectronics Reports 2021 Third Quarter Financial Results Q3 net revenues $ 3.20 billion ; gross margin 41.6 % ; operating margin 18.9 % ; net income $ 474 million YTD net revenues $ 9.20 billion ; gross margin 40.4 % ; operating margin 16.7 % ; net income $ 1.25 billion Business outlook at the mid - point : Q4 net revenues of $ 3.40 billion and gross margin of 43.0 % Geneva , October 28 , 2021 - STMicroelectronics ( NYSE : STM ) , a global semiconductor leader serving customers across the spectrum of electronics applications , reported U.S. GAAP financial results for the third quarter ended October 2 , 2021 . This press release also contains non - U.S . GAAP measures ( see Appendix for additional information ) . ST reported third quarter net revenues of $ 3.20 billion , gross margin of 41.6 % , operating margin of 18.9 % , and net income of $ 474 million or $ 0.51 diluted earnings per share . Jean - Marc Chery , STMicroelectronics President & CEO , commented : " Q3 net revenues came in substantially at the mid - point of our business outlook range , up 6.9 % sequentially and up 19.9 % on a year - over - year basis . The revenue performance was driven by strong global demand and by our engaged customer programs in Personal Electronics . This was partially offset by lower than expected revenues in Automotive , caused by more severe than anticipated reduced operations at our Malaysian manufacturing facility due to the pandemic . " Q3 gross margin of 41.6 % came in 60 basis points higher than the mid - point . On a year - over - year basis , Q3 operating margin of 18.9 % improved from 12.3 % , and net income nearly doubled to $ 474 million . Press release Communiqué de presse Comunicato stampa " First nine months net revenues increased 31.8 % year - over - year , driven by growth in all product groups , except the RF Communications sub - group . Operating margin was 16.7 % and net income $ 1.25 billion . 新闻稿 / 新聞稿 プレス リリース 보도 자료 " ST's fourth quarter outlook , at the mid - point , is for net revenues of $ 3.40 billion , increasing sequentially by 6.3 % ; gross margin is expected to be about 43.0 % . Quarterly Financial Summary ( U.S. GAAP ) ( US $ m , except per share data ) Net Revenues Gross Profit Gross Margin " For the full year 2021 , we now expect net revenues at the mid - point to be about $ 12.6 billion , translating into 23.3 % year - over - year growth . The revenue growth planned for this year reflects continuing strong dynamics in all the end markets we address and our engaged customer programs . " Operating Income Operating Margin Net Income Diluted Earnings Per Share Q3 2021 $ 3,197 $ 1,330 41.6 % $ 605 18.9 % $ 474 $ 0.51 1 Q2 2021 $ 2,992 $ 1,212 40.5 % $ 489 16.3 % $ 412 $ 0.44 Q3 2020 $ 2,666 $ 959 36.0 % $ 329 12.3 % $ 242 $ 0.26 Q / Q 6.9 % 9.8 % 110 bps 23.9 % 260 bps 15.1 % 15.9 % Y / Y 19.9 % 38.7 % 560 bps 84.0 % 660 bps 95.6 % 96.2 %