STMicroelectronics
Financial Performance
STMicroelectronics Revenue & Financials
Revenue
$13.3B (FY2024)
Market Cap
$25.5B
Employees
50,000
What is STMicroelectronics's revenue?
STMicroelectronics had $13.3B in revenue for fiscal year 2024, down 23.3% from 2023.
- Latest revenue
- $13.3B (FY2024)
- Year-over-year
- -23.3%
- Growth rate (CAGR)
- 1.3% over 3 years
- Peak revenue
- $17.3B (FY2023)
- Years of data
- 4
- Employees
- 50,000
- How many employees does STMicroelectronics have?
- STMicroelectronics has about 50,000 employees.
Financial Analysis
STMicroelectronics generates robust long-term financial performance characterized by strong gross margins, resilient operational cash flow, and substantial balance sheet liquidity. In fiscal 2024, ST reported net revenue of $13.27 billion, navigating a cyclical industry correction in industrial microcontrollers and personal electronics while maintaining solid automotive revenue. Gross margin stood at 39.3%, reflecting temporary fab underutilization charges during inventory corrections. ST maintains an exceptionally strong capital structure, reporting $5.7 billion in total financial liquidity and a net financial position of $3.2 billion. The company continues to invest heavily in its manufacturing roadmap, directing over $2.5 billion in annual capital expenditure toward 300mm silicon and 200mm silicon carbide capacity expansions in Catania and Crolles.
Revenue Trend Analysis
YoY Change
-23.3%
3-Year CAGR
+1.3%
Peak Year
2023
Trend
Mostly Growing
STMicroelectronics has 4 full fiscal year figures on this page, compounding at +1.3% annually over 3 years. The most recent year saw a 23.3% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $17.3B. Of 3 comparable year-over-year steps, 2 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $13.3B | -23.3% |
| FY2023 | $17.3B | +7.2% |
| FY2022 | $16.1B | +26.4% |
| FY2021 | $12.8B | — |
Click any row to see year details.
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STMicroelectronics Revenue and Financial FAQ
What was STMicroelectronics's revenue in 2024?
STMicroelectronics achieved $13.27 billion in revenue for fiscal year 2024.
Is STMicroelectronics profitable?
STMicroelectronics's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is STMicroelectronics growing?
STMicroelectronics has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does STMicroelectronics fund its capital expenditures?
STMicroelectronics funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is STMicroelectronics's debt profile?
STMicroelectronics maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does STMicroelectronics reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "STMicroelectronics Revenue & Financials." CorpDigest, https://corpdigest.com/company/stmicroelectronics/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>STMicroelectronics reported $13.3B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/stmicroelectronics/financials" target="_blank" rel="noopener">CorpDigest — STMicroelectronics financials</a></div>Explore STMicroelectronics
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