STMicroelectronics Outlines 2027-2028 Financial Model
Ticker: STMEF · Form: 6-K · Filed: Nov 20, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Nov 20, 2024 |
| Risk Level | low |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $18B, $20B, $20 billion, $18 billion, $1.09 |
| Sentiment | neutral |
Sentiment: neutral
Topics: outlook, strategy, financial-targets
Related Tickers: STM
TL;DR
STM just dropped its 2027-2028 financial outlook and 2030 goals. Big plans ahead.
AI Summary
STMicroelectronics N.V. (STM) announced its financial model for 2027-2028 and its path to achieving its 2030 ambition in a press release dated November 20, 2024. The company is a foreign private issuer filing a Form 6-K report with the SEC.
Why It Matters
This filing provides investors with forward-looking financial targets and strategic direction, allowing for better assessment of the company's future growth potential and performance.
Risk Assessment
Risk Level: low — This is a routine filing providing forward-looking financial targets and strategic updates, not indicating immediate operational or financial distress.
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- STM (company) — Abbreviation for Registrant
- November 20, 2024 (date) — Date of press release
- 2027-2028 (date) — Financial model period
- 2030 (date) — Ambition year
FAQ
What is the primary purpose of this 6-K filing?
The primary purpose is to report a press release dated November 20, 2024, which announces STMicroelectronics' financial model for 2027-2028 and its path towards achieving its 2030 ambition.
What is the filing date and period of report for this 6-K?
The filing date and the conformed period of report is November 20, 2024.
What is the company's principal executive office address?
The principal executive offices are located at WTC Schiphol Airport, Schiphol Boulevard 265, 1118 BH Schiphol Airport, The Netherlands.
Does STMicroelectronics file annual reports under Form 20-F or 40-F?
STMicroelectronics files its annual reports under Form 20-F, as indicated by the check mark next to 'Form 20-F'.
What is the SIC code for STMicroelectronics?
The Standard Industrial Classification (SIC) code for STMicroelectronics is 3674, which corresponds to 'SEMICONDUCTORS & RELATED DEVICES'.
Filing Stats: 2,299 words · 9 min read · ~8 pages · Grade level 14.8 · Accepted 2024-11-20 16:16:18
Key Financial Figures
- $18B — tting an intermediate financial model: ~$18B revenues and 22-24% operating margin in
- $20B — gin in 2027-2028 · Reiterating $20B+ revenue ambition and associated financ
- $20 billion — changed strategy, ST is reiterating its $20 billion plus revenue ambition and associated fi
- $18 billion — ial model with revenues expected around $18 billion with an operating margin within a 22% t
- $1.09 — currency exchange rate of approximately $1.09 = 1.00. Full Capital Markets Days lis
Filing Documents
- ss4146394_6k.htm (6-K) — 55KB
- image_001.jpg (GRAPHIC) — 20KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000940.txt ( ) — 87KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. STMicroelectronics N.V. Date: November 20, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience