STMicroelectronics Reports 2024 Third Quarter Financial Results

ST
New organization

On January 10, 2024, ST announced a new organization to deliver enhanced product development innovation and efficiency, time-to-market as well as customer focus by end market. This new organization implies a change in segment reporting which is applied from January 1, 2024.

ST moved from three reportable segments (ADG, AMS and MDG) to four reportable segments as follows:

  • In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group:
    • Analog products, MEMS and Sensors (AM&S) segment, comprised of ST analog products, MEMS sensors and actuators, and optical sensing solutions.
    • Power and Discrete products (P&D) segment comprised of discrete and power transistor products.

In this Press Release, “Analog” refers to ST analog products, “MEMS” to MEMS sensors and actuators and “Imaging” to optical sensing solutions.

  • In Microcontrollers, Digital ICs and RF products (MDRF) Product Group:
    • Microcontrollers (MCU) segment, comprised of general-purpose and automotive microcontrollers, microprocessors and connected security products (including EEPROM).
    • Digital ICs and RF Products (D&RF) segment, comprised of automotive ADAS, infotainment, RF and communications products.

In this Press release, “Auto MCU” refers to Automotive microcontrollers and microprocessors, “GP MCU” to general purpose microcontrollers and microprocessors, “Connected Security” to connected security products (including EEPROM), “ADAS” to automotive ADAS and infotainment, “RF Communications” to RF and communications products.

Prior year quarters comparative information has been adjusted accordingly.

(Appendix – continued)
ST
Supplemental Financial Information

  Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023
Net Revenues By Market Channel (%)          
Total OEM 76% 73% 70% 70% 67%
Distribution 24% 27% 30% 30% 33%
           
€/$ Effective Rate 1.08 1.08 1.09 1.08 1.09
           
Reportable Segment Data (US$ m)          
Analog products, MEMS and Sensors (AM&S) segment          
- Net Revenues 1,185 1,165 1,217 1,418 1,367
- Operating Income 175 144 185 300 298
Power and Discrete products (P&D) segment          
- Net Revenues 807 747 820 965 989
- Operating Income 121 110 138 245 262
Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group          
- Net Revenues 1,992 1,912 2,037 2,383 2,356
- Operating Income 296 254 323 545 560
Microcontrollers (MCU) segment          
- Net Revenues 829 800 950 1,272 1,466
- Operating Income 116 72 185 378 534
Digital ICs and RF Products (D&RF) segment          
- Net Revenues 426 516 475 623 605
- Operating Income 114 150 150 223 226
Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group          
- Net Revenues 1,255 1,316 1,425 1,895 2,071
- Operating Income 230 222 335 601 760
Others (a)          
- Net Revenues 4 4 3 4 4
- Operating Income (Loss) (145) (101) (107) (123) (79)
Total          
- Net Revenues 3,251 3,232 3,465 4,282 4,431
- Operating Income 381 375 551 1,023 1,241

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