STMicroelectronics releases fourth quarter and full year 2022 financial results

2024-12-20 09:47
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STMicroelectronics' net revenue in the fourth quarter of 2022 reached US$4.42 billion, with a gross profit margin of 47.5% and a net profit of US$1.25 billion. The full-year revenue was US$16.13 billion, a year-on-year increase of 26.4%. Thanks to strong demand in the automotive and industrial markets and the progress of customer projects. Net revenue is expected to be US$4.2 billion in the first quarter of 2023, with a gross profit margin of 48%.