STMicro: targets set before investor day

(CercleFinance.com) - Ahead of its Investor Day today, STMicroelectronics reiterates its ambition of sales of $20bn and beyond, and the associated financial model, which is now expected to be achieved by 2030.


The Franco-Italian semiconductor manufacturer points out that this financial model includes a free cash flow margin of over 25%, an operating margin of over 30%, and a gross margin of around 50%.

The group also defines an intermediate financial model for 2027-28, with expected sales of around $18bn, a FCF margin of around 20%, an operating margin of between 22% and 24%, with a gross margin of 44%-46%.

With its plan to reshape its industrial footprint and resize its cost base, it expects savings 'in millions of dollars in the high triple-digit range' by the end of 2027, compared with its current cost base.


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