Filing Flows › STMicroelectronics N.V. (STM) › FY2024
STMicroelectronics N.V. (STM) FY2024 earnings results (fiscal 2024)
20-F filed Feb 27, 2025
STMicroelectronics N.V. (STM) reported revenue of $13.3B for the fiscal 2024 (FY2024), -23% from a year earlier. Operating margin was 12.6%, net earnings $1.6B (11.8% of revenue).
STMicroelectronics N.V., FY2024: revenue $13.3B (-23% year over year), operating margin 12.6%, net earnings $1.6B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.3B | — | -23% |
| Gross profit | $5.2B | — | -37% |
| Operating profit | $1.7B | — | -64% |
| Net earnings | $1.6B | — | -63% |
| Operating cash flow | $3.0B | — | -51% |
What changed
Revenue was $13.3B in FY2024, down 23% year over year.
Gross margin was 39.3%, down 8.6 points from FY2023. Operating profit was $1.7B, a 12.6% margin (down 14.0 points year over year). Operating expenses fell 4% while revenue fell 23%. Net earnings were $1.6B, down 63% year over year. The effective tax rate was 16.7%.
Operating cash flow was $3.0B (down 51% year over year), 189% of net earnings. Non-cash charges added back $1.8B of depreciation and amortization and $0.22B of share-based compensation. Working capital and other items used $0.58B.
Questions
What was STMicroelectronics N.V.'s revenue in the fiscal 2024?
STMicroelectronics N.V.
Was STMicroelectronics N.V. profitable in the fiscal 2024?
Operating profit was $1.7B (12.6% of revenue) and net earnings $1.6B.