Welcome to our dedicated page for Stmicro news (Ticker: STM), a resource for investors and traders seeking the latest updates and insights on Stmicro stock.
STMicroelectronics (NYSE: STM) is a global leader in semiconductor solutions powering electronics across automotive, industrial, and IoT markets. This page aggregates all official news releases and third-party coverage related to STM's technological advancements and market activities.
Investors and industry professionals will find timely updates on quarterly earnings, product innovations like silicon carbide power modules, and strategic collaborations shaping next-generation mobility and automation solutions. The curated collection includes announcements about microcontroller developments, sensor technologies, and sustainability initiatives.
Key content categories cover financial performance, R&D breakthroughs, manufacturing expansions, and industry recognition. Each update provides insights into STM's role in enabling energy-efficient systems, smart factories, and secure IoT connectivity through its analog and digital semiconductor expertise.
Bookmark this page for streamlined access to STMicroelectronics' latest developments. Check back regularly to stay informed about the company's progress in advancing edge computing, electric vehicle technologies, and industrial automation solutions.
STMicroelectronics reported impressive Q1 2023 financial results, with net revenues of $4.25 billion, a 49.7% gross margin, and a net income of $1.04 billion or $1.10 diluted earnings per share. This reflects a 19.8% increase in revenues year-over-year and a substantial 39.8% boost in net income. The operating margin rose to 28.3%, up from 24.7% a year earlier. CEO Jean-Marc Chery noted that strong performances in the Automotive and Industrial sectors offset declines in Personal Electronics. Looking ahead, the Q2 outlook predicts revenues of $4.28 billion and a slight decrease in gross margin to 49.0%, indicating continued growth momentum in the semiconductor market.
STMicroelectronics has disclosed the status of its common share repurchase program, revealing the buyback of 240,473 ordinary shares from April 17 to April 21, 2023, totaling approximately EUR 10.75 million. The repurchase aligns with obligations from employee share option programs and is part of a broader strategy approved in May 2021. The shares were acquired at a weighted average price of EUR 44.7033 each, representing 0.03% of the company's issued share capital. Post-buyback, STMicroelectronics holds a total of 9,880,203 treasury shares, equating to around 1.1% of its issued capital. This action aims to enhance shareholder value while addressing equity compensation needs.
STMicroelectronics announced a share repurchase program, disclosing transactions from April 11 to April 14, 2023. During this period, the company bought back 191,375 ordinary shares, representing 0.02% of its issued share capital, at a total cost of approximately EUR 8.85 million and a weighted average price of EUR 46.22 per share.
The repurchase is part of an ongoing program approved by shareholders to fulfill obligations related to employee share option programs. Currently, STMicroelectronics holds 9,639,730 treasury shares, which is around 1.1% of its issued capital.
ZF has signed a multi-year supply agreement with STMicroelectronics (NYSE: STM) for silicon carbide devices, enhancing its electromobility capabilities.
Under this contract, ST will supply double-digit millions of silicon carbide devices starting in 2025, which will be integrated into ZF's new modular inverter platform.
This partnership supports ZF's order book exceeding €30 billion in electromobility through to 2030, leveraging ST's manufacturing capabilities in Europe and Asia.
STMicroelectronics emphasizes its commitment to expand silicon carbide capacity to meet the electrification and decarbonization targets across automotive and industrial sectors.
FAQ
What is the current stock price of Stmicro (STM)?
What is the market cap of Stmicro (STM)?
