STM Q1 2024 Earnings — STMicroelectronics N.V. Revenue & Financial Results | Market Cap Arena

STMSTMicroelectronics N.V.

$31B

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$3.5B-18.4% YoY

Gross Profit

$1.4B41.7% margin

Operating Income

$551M15.9% margin

Net Income

$513M14.8% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

-19.1%

Cash Flow

Operating Cash Flow

$859M

Free Cash Flow

-$135M

Stock-Based Comp.

$65M

Balance Sheet

Total Assets

$25.0B

Total Liabilities

$7.8B

Stockholders' Equity

$17.1B

Cash & Equivalents

$3.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.5B	$4.2B	-18.4%
Gross Profit	$1.4B	$2.1B	-31.6%
Operating Income	$551M	$1.2B	-54.1%
Net Income	$513M	$1.0B	-50.9%