STMicroelectronics Files 6-K Report

TL;DR

STM files 6-K, reporting period ends Sept 28. Standard disclosure.

AI Summary

STMicroelectronics N.V. filed a Form 6-K on November 7, 2024, reporting for the period ending September 28, 2024. The filing is a report of a foreign private issuer and does not indicate whether the company files annual reports under Form 20-F or 40-F. The company's principal executive offices are located in Schiphol Airport, The Netherlands.

Why It Matters

This filing provides an update on STMicroelectronics' reporting status as a foreign private issuer, which is relevant for investors tracking regulatory disclosures.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (Form 6-K) and does not contain new financial or operational information that would typically indicate a change in risk.

Key Players & Entities

• STMicroelectronics N.V. (company) — Registrant
• November 7, 2024 (date) — Filing Date
• September 28, 2024 (date) — Reporting Period End Date
• Schiphol Airport, The Netherlands (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $166 billion — y 9% for our SAM to reach approximately $166 billion and $64 billion, respectively. On a yea
• $64 b — to reach approximately $166 billion and $64 billion, respectively. On a year-over-yea
• $3,251 m — d quarter 2024 net revenues amounted to $3,251 million, increasing 0.6% sequentially, in
• $1.08 — rate for the third quarter of 2024 was $1.08 for 1.00, compared to $1.08 in the seco
• $1.09 — $1.08 in the second quarter of 2024 and $1.09 in the third quarter of 2023. For a mor
• $1,228 million — third quarter of 2024 gross profit was $1,228 million and gross margin was 37.8%, broadly in
• $877 m — development ("RD") expenses amounted to $877 million, compared to $954 million and $92
• $954 million — s amounted to $877 million, compared to $954 million and $926 million in the prior and year-
• $926 million — 7 million, compared to $954 million and $926 million in the prior and year-ago quarters, res
• $77 m — basis, operating expenses decreased by $77 million, thanks to calendar impact, net o
• $49 m — basis, operating expenses decreased by $49 million, mainly due to lower cost of labo
• $30 million — r income and expenses, net, amounted to $30 million income, remaining substantially flat on
• $381 m — arter of 2024, our operating income was $381 million, equivalent to 11.7% of net reven
• $375 million — t to 11.7% of net revenues, compared to $375 million (11.6% of net revenues) in the previous
• $1,241 million — venues) in the previous quarter, and to $1,241 million (28.0% of net revenues) in the year-ago

Filing Documents

• stm-6k_20241107.htm (6-K) — 1615KB
• stm-ex12_1xq324.htm (EX-12) — 11KB
• stm-ex12_2xq324.htm (EX-12) — 12KB
• stm-ex13_1xq324.htm (EX-13) — 9KB
• image_1.jpg (GRAPHIC) — 8KB
• image_4.jpg (GRAPHIC) — 11KB
• 0000932787-24-000016.txt ( ) — 1674KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Report on Form 6-K dated November 7, 2024 Commission File Number 1-13546 STMicroelectronics N.V. (Name of Registrant) WTC Schiphol Airport Schiphol Boulevard 265 1118 BH Schiphol Airport The Netherlands (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F T Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Yes No T Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) Yes No T Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 Yes No T If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) 82- __________ Enclosure STMicroelectronics N.V.'s Third Quarter and Nine Months ended September 28, 2024 Operating and Financial Review and Prospects Unaudited Interim Consolidated Statements of Income, Statements of Comprehensive Income, Balance Sheets, Statements of Cash Flows, and Statements of Equity and related Notes for the three and nine months ended September 28, 2024 and Certifications pursuant to Sections 302 (Exhibits 12.1 and 12.2) and 906 (Exhibit 13.1) of the Sarbanes-Oxley Act of 2002, submitted to the Commission on a voluntary basis. 1 OPERATING AND FINANCIAL REVIEW AND PROSPECTS Overview The following discussion should be read in conjunction with our Unaudited Interim Consolidated Statements of Income, Statements of Comprehensive Income, Balance Sheets, Statements of Cash Flows and Statements of Equity as of September 28, 2024 and for the three and nine months ended September 28, 2024 and Notes thereto included elsewhere in this Form 6-K, and our annual report on Form 20-F as of December 31, 2023 and for the year ended December 31, 2023 as filed with the U.S. Securities and Exchange Commission (the "Commission" or the "SEC") on February 22, 2024 (the "Form 20-F"). The following discussion contains statements of future expectations and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, or Section 21E of the Securities Exchange Act of 1934, each as amended, particularly in the sections "Business Overview" and "Liquidity and Capital Resources—Financial Outlook Capital Investment". Our actual results may differ significantly from those projected in the forward-looking statements. For a discussion of factors that might cause future actual results to differ materially from our recent results or those projected in the forward-looking statements in addition to the factors set forth below, see "Cautionary Note Regarding Forward-Looking Statements" and "Item 3. Key Information—Risk Factors" included in the Form 20-F. We assume no obligation to update the forward-looking statements or such risk factors. Our Management's Discussion and Analysis of Financial Position and Results of Operations ("MDA") is provided in addition to the accompanying Unaudited Interim Consolidated Financial Statements ("Consolidated Financial Statements") and Notes to assist readers in understanding our results of operations, financial condition and cash flows. Our MDA is organized as follows Critical Accounting Policies using Significant Estimates. Business Overview, a discussion of our business and overall analysis of financial and other relevant highlights for the three and nine months ended September 28, 2024, designed to provide context for the other sections of the MDA, including our expectations for selected financial items for the fourth quarter of 2024. Other Developments. Results of Operations, containing a year-over-year and sequential analysis of our financial results for the three and nine months ended September 28, 2024, as well as segment information. Legal Proceedings. Discussion on the impact of changes in exchange rates, interest rates and equity prices on our activity and financial results. Liquidity and Capital Resources, presenting an analysis of changes in our balance sheets and cash flows, and discussing our financial condition and potential sources of liquidity. Impact of Recently Issued U.S. Accounting Standards. Backlog and Customers, discussing the level of backlog and sales to our key customers. Disclosure Controls and Procedures. Other reviews. Cautionary Note Regarding Forward-Looking Statements. At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art

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