STMicroelectronics Tops Q4 Consensus; Issues Positive Q1 Outlook

STMicroelectronics Tops Q4 Consensus; Issues Positive Q1 Outlook
The sign posting on the STMicroelectronics headquarters in Paris on Oct. 9, 2017. Eric Piermont/AFP via Getty Images
Benzinga
Updated:

STMicroelectronics NV reported fourth-quarter FY21 revenue growth of 9.9 percent year-on-year to $3.56 billion, beating the consensus of $3.46 billion. Sales to OEMs remain unchanged, and Distribution sales improved 38.7 percent Y/Y.

Automotive and Discrete Group (ADG) revenue rose 28.6 percent Y/Y to $1.23 billion. Analog, MEMS, and Sensors Group (AMS) revenue declined 11.2 percent Y/Y to $1.26 billion. Microcontrollers and Digital ICs Group (MDG) revenue grew 23.7 percent Y/Y to $1.06 billion.