STMicroelectronics Outlines Higher Revenue, Margin Targets for 2025-27
12 May 2022 - 3:55PM
Dow Jones News
By Cristina Roca
STMicroelectronics NV on Thursday issued targets for the 2025-27
period ahead of the start of its capital markets day.
The European chip maker said it expects to reach a goal of
revenue of more than $20 billion sometime in the period. This
compares with revenue expectations of $14.8 billion to $15.3
billion for 2022.
STMicroelectronics also aims to expand its gross margin to about
50% for the period, compared with a goal of about 46% for this
year. Operating margin should expand to more than 30%, compared
with 2022 guidance of 24% to 26%, the company said.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
May 12, 2022 01:40 ET (05:40 GMT)
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