STMicroelectronics Expects Q3 Net Revenues To Be $3.25B (Vs. Consensus Of $3.577B); Sees Gross Margin Of 38%, Plus Or Minus 200 Bps
$STM
Semiconductors
Technology
Business Outlook
ST's guidance, at the mid-point, for the 2024 third quarter is:
- Net revenues are expected to be $3.25 billion, an increase of 0.6% sequentially, plus or minus 350 basis points.
- Gross margin of 38%, plus or minus 200 basis points.
- This outlook is based on an assumed effective currency exchange rate of approximately $1.07 = €1.00 for the 2024 third quarter and includes the impact of existing hedging contracts.
- The third quarter will close on September 28, 2024.