STM announces healthy 2022 operating profits
29 March 2023
News
STMicroelectronics has released its US GAAP financial results for the fourth quarter, ended 31 December 2022. The report details fourth quarter net revenues of $4,42 billion, a gross margin of 47,5%, operating margin of 29,1%, and net income of $1,25 billion, amounting to $1,32 diluted earnings per share. The reported net revenues represented a year-on-year increase of 24,4%.
Full year net revenues are reported to be $16,13 billion, with a gross margin of 47,3%. The operating margin was reported as 27,5%, with a net income of $3,96 billion.
Jean-Marc Chery, STM’s president and CEO, commented: “In Q4, ST delivered revenues and gross margin above the mid-point of the guidance. FY22 revenues increased 26,4% to $16,13 billion, driven by strong demand in automotive and industrial, and our engaged customer programmes. Operating margin increased to 27,5% from 19,0% in FY21, and net income almost doubled to $3,96 billion. We invested $3,52 billion in CAPEX, while delivering free cash flow of $1,59 billion.”
By product group, the following financials were reported:
• Automotive and discrete group – operating profit increased by 117,9% to $470,2 million. Operating margin was 27,7%.
• Analog, MEMS and sensors group – operating profit increased by 2,4% to $345,6 million. Operating margin was 25,8%.
• Microcontrollers and digital ICs group – operating profit increased by 56,6% to $495,3 million, with an operating margin of 35,8%.
For 2023, STM is planning to invest $4,0 billion in CAPEX, mainly to increase the 300 mm wafer fabrication facilities and its silicon carbide manufacturing capacity. Based on its strong customer demand and increased manufacturing capacity, the company plans on full year 2023 revenues in the range of $16,8 billion to $17,8 billion.
Further reading:
Rooibos heads to space
News
A South African scientific initiative linking agriculture and space research has officially launched today with the Rooibos in Space programme at Parklands College’s Innovation Centre in Cape Town.
Read more...
From the editor's desk: Local can be international
Technews Publishing
Editor's Choice News
Welcome to the July 2026 issue of
Dataweek. As you can see from this introduction,
Dataweek’s regular editor, Peter Howells, is on extended leave and I am filling the void in his editor’s column – hopefully without being too boring.
Read more...
Landis+Gyr EMEA introduces new company name: EYKON
News
EYKON is the new company name of Landis+Gyr EMEA, formerly part of the Landis+Gyr Group. The company supports electricity, gas, water and thermal utilities in managing increasingly complex networks, improving operational efficiency and enabling more sustainable use of resources.
Read more...
Yamaha Robotics will show visitors to EFX
Manufacturing / Production Technology, Hardware & Services News
Yamaha Robotics will show visitors to EFX 2026, the Expo for Electronics Manufacturing, in Stuttgart from 6-8 October 2026, how advanced surface-mount automation helps companies grow their business and increase productivity.
Read more...
From the editor's desk: The art of measuring the truth
Technews Publishing
Editor's Choice News
All electronic measurements are a lie. The trick is making the lie as small as possible.
Read more...
TSE has relocated
News
The Technology Station in Electronics (TSE) has entered a new chapter with its relocation from the CSIR campus to TUT-owned building at Ditsela Place in Hatfield.
Read more...
Innovative MyLegrand app
RS South Africa
News
Legrand SA is set to launch the MyLegrand mobile application, a digital platform designed to strengthen engagement across its professional network.
Read more...
Kulani Energy acquires critical assets from Optipower
News
Kulani Energy preserves engineering, procurement, and construction capability and positions a wholly women-owned firm at the forefront of South Africa’s grid expansion.
Read more...
From Cape Town to Johannesburg
News
Würth Elektronik South Africa has taken a significant step forward with its recent relocation from Cape Town to Johannesburg, marking a new phase of growth and ambition for the company.
Read more...
Lesley Havenga: Building partnerships for Africa’s electronics future
Editor's Choice News
As Würth Electronik expands its footprint across South Africa and the broader sub-Saharan region, Havenga’s blend of manufacturing expertise, supply chain knowledge, and people-centred leadership appears well suited to the task.
Read more...
printer friendly version