STMicroelectronics, the world’s leading semiconductor supplier across multiple electronic applications, recently announced that its preliminary unaudited net revenue for the fourth quarter as of December 31, 2020 was higher than the company’s October 2020 press release Business prospects are expected.
In the fourth quarter of 2020, preliminary net revenue was US$3.24 billion, an increase of 21.3% from the previous quarter, exceeding the expected maximum value of 580 basis points. Earlier, it was predicted that net revenue in the fourth quarter of 2020 was US$2.99 billion, an increase of 12.0% from the previous quarter and a fluctuation of 350 basis points.
Jean-Marc Chery, President and CEO of STMicroelectronics, said: "We bid farewell to the fourth quarter with a net revenue that exceeded expectations because the market situation throughout the quarter was significantly better than expected. We have already launched customer projects in the field of personal electronics. , And the continued rapid growth of market demand, especially the demand for automotive products and microcontrollers, are the main factors contributing to revenue growth. Our full-year revenue in 2020 reached 10.22 billion US dollars, an increase of 6.9% over 2019. I look forward to 2021 In the earnings analysis conference call on January 28, we will introduce in detail the financial performance for the fourth quarter and full year of 2020 and our revenue forecast for the first quarter of 2021."
STMicroelectronics will release its fourth quarter and full year 2020 earnings report before the European Stock Exchange opens on Thursday, January 28, 2021.
After the financial report is announced, STMicroelectronics will immediately publish a financial report press release on the company's website www.st.com.
STMicroelectronics will hold an earnings conference call at 9:30 am Central European Time (CET) / 3:30 am Eastern Time (ET) on January 28, 2021 to discuss the fourth quarter of 2020 with analysts, investors and reporters And full-year financial performance, as well as current business prospects.
The STMicroelectronics website http://investors.st.com will broadcast the conference call (listening mode only), and repeat listening until February 12, 2021.
On the STMicroelectronics website http://investors.st.com, you can also view the materials for the four sessions of the 2020 Capital Market Day (Capital Market Day). The four conferences are the Microcontroller and Digital Products Department Market Day on September 15, 2020, the Automotive and Discrete Products Department Market Day on November 6, 2020, and the Analog Devices, MEMS, and The Market Day of the Sensor Products Division and the Market Day of Strategic Updates on December 9, 2020.