PARIS (Agefi-Dow Jones)–Semiconductor maker STMicroelectronics said on Friday it posted revenue in the fourth quarter of fiscal 2021 that beat its and analysts’ forecasts, due to demand supported for its products in all its markets.
In response, the action rose 3% on Friday at the start of the session, at 44.21 euros.
In the fourth quarter, STMicroelectronics reported revenue of $3.56 billion, up 11.2% sequentially, a growth rate 140 basis points above the upper end of the range. forecasts established by the leaders, according to preliminary data.
For this period, the Franco-Italian group had indicated at the end of October to aim for a turnover of 3.40 billion dollars, an improvement of 6.3% compared to the previous quarter, more or less 350 basis points.
“We closed the fourth quarter of 2021 with net revenue above our guidance range and gross margin at the high end of our guidance range or slightly above, mainly related to better than expected operating activities. in a still dynamic market”, explained Jean-Marc Chéry, chairman of the executive board and general manager of STMicroelectronics, quoted in a press release.
Over the past year as a whole, STMicroelectronics’ turnover thus reached 12.76 billion dollars, up 24.9% over one year, still according to these preliminary data. “This development demonstrates that the chipmaker is able to operate in a tight environment,” says Citi. STMicroelectronics is particularly “capable of producing and obtaining supplies in the face of current bottlenecks”, adds the financial intermediary.
The data released Friday by STMicroelectronics is also higher than analysts’ expectations. According to data compiled by FactSet, they expected, on average, a turnover of 3.4 billion dollars for the fourth quarter of the past year and on revenues of 12.62 billion dollars for the set of 2021.
STMicroelectronics will present its full results for the 2021 fiscal year, as well as its outlook for the first quarter of the 2022 vintage, on January 27 before the opening of the financial markets.
-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: LBO
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January 07, 2022 03:09 ET (08:09 GMT)