Net revenue in the second quarter was US$2.99 billion; gross profit margin was 40.5%; operating profit margin was 16.3%, and net profit was US$412 million
Net revenue in the first half of the year was US$6.01 billion; gross profit margin was 39.7%; operating profit ratio was 15.5%, and net profit was US$776 million
Business Outlook (Median): Net revenue in the third quarter is US$3.2 billion; gross profit margin is 41.0%
China, July 30, 2021-STMicroelectronics (ST; New York Stock Exchange code: STM), a global semiconductor leader serving multiple electronic applications Financial report for the second quarter on July 3, 2021. In addition, this press release also contains non-GAAP indicator data (see appendix for details).
STMicroelectronics achieved net revenue of US$2.99 billion in the second quarter, gross margin 40.5%, operating profit margin of 16.3%, net profit of US$412 million, and diluted earnings per share of US$0.44.
Jean-Marc Chery, President and CEO of STMicroelectronics, commented:
“Because of the continued strong global semiconductor demand, the net revenue and gross profit margin in the second quarter are both at the high end of our business outlook forecast range.
“From a year-on-year perspective, the net revenue growth rate in the second quarter reached 43.4%. The gross profit margin in the second quarter was 40.5%, the operating profit margin was 16.3%, an increase of 550 basis points and 1,120 basis points, respectively, and a net profit growth rate of 357.2. %, reaching 412 million US dollars.
“In the first half of the year, net revenue increased by 39.1% year-on-year. Except for the radio frequency communications sub-sector, all product divisions achieved net revenue growth. The operating margin was 15.5% and the net profit was US$776 million.
“ST’s third-quarter business outlook (median) is that net revenue was US$3.2 billion, with year-on-year growth and quarter-on-quarter growth of 20.0% and 7.0%, respectively; gross profit margin is expected to be about 41.0%.
“We will advance the 2021 full-year revenue plan, and strive to achieve a median revenue of US$12.5 billion, with a fluctuation of US$100 million, a year-on-year increase of 22.3%. This growth is expected to come from strong growth in demand in all the end markets we serve And established customer projects. We plan to spend approximately $2.1 billion in capital expenditures in 2021.”