STMicroelectronics Reports 2017 Fourth Quarter and Full Year Financial Results

 

PR No. C2842C

STMicroelectronics Reports 2017 Fourth Quarter
and Full Year Financial Results

  • Q4 net revenues of $2.47 billion, up 15.5% sequentially and gross margin of 40.6%, both above the mid-point of ST's guidance  
  • Q4 operating income of $408 million, operating margin of 16.5%
  • 2017 net revenues of $8.35 billion, up 19.7% year-over-year on broad-based growth
  • 2017 net income of $802 million, free cash flow(1) of $338 million

Geneva, January 25, 2018 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the fourth quarter and full year ended December 31, 2017.

Fourth quarter net revenues totaled $2.47 billion, gross margin was 40.6%, and net income was $308 million or $0.34 diluted earnings per share.

"ST delivered a strong finish to 2017. Fourth quarter net revenues were up 32.6% year-over-year with double-digit growth across all product groups, gross margin reached 40.6%, and operating margin was at 16.5%," commented Carlo Bozotti, STMicroelectronics President & CEO. "On a sequential basis, fourth quarter revenues grew significantly better than seasonal at 15.5% and were 200 basis points above the high-end of our guidance, mainly thanks to higher than expected revenues in Imaging products and Microcontrollers.

"Full Year 2017 net revenues increased 19.7% on strong growth across all product groups and geographies; gross margin expanded 400 basis points, operating margin increased 880 basis points to 11.9% and net income improved by $637 million to $802 million.

"This successful year also marked the 30th anniversary of the formation of ST. We celebrate this milestone with a solid product leadership in Internet of Things, Smartphones, Industrial and Smart Driving applications, a strong market position with major customers and in Distribution, a world-class team of engaged employees, a sustainable financial performance and an industry-leading return on invested capital."

Financial Summary (US$ Million)

U.S. GAAP

(Million US$)
Q4 2017 Q3 2017 Q4

2016
FY 2017 FY 2016
Net Revenues 2,466 2,136 1,859 8,347 6,973
Gross Margin 40.6% 39.5% 37.5% 39.2% 35.2%
Operating Income 408 278 129 993 214
Net Income attributable to parent company 308 236 112 802 165
Net cash from operating activities 587 463 378 1,707 1,043


Non-U.S. GAAP(1)

(Million US$)
Q4

2017
Q3

2017
Q4
2016
FY

2017
FY

2016
Operating Income before impairment & restructuring charges 428 292 153 1,038 307
Free cash flow 145 80 135 338 316
Net financial position 489 446 513 489 513

(1) Non-U.S. GAAP measure. See Appendix for reconciliation to U.S. GAAP and additional information explaining why the Company believes these measures are important.

Quarterly Financial Summary by Product Group

Commencing in the fourth quarter of 2017, the Company transferred the Imaging Product Division, previously reported in Others, into the Analog and MEMS Group (AMG) to create the new organization Analog, MEMS and Sensors Group (AMS) led by Benedetto Vigna.

Product Group Revenues
(Million US$)
Q4
2017
Q3
2017
Q4
2016
FY
2017
FY
2016
Automotive and Discrete Group (ADG) 821 775 716 3,059 2,813
Analog, MEMS and Sensors Group (AMS) (a) 896 652 527 2,613 1,847
Microcontrollers and Digital ICs Group (MDG) 740 701 610 2,646 2,285
Others (b) 9 8 6 29 28
Total 2,466 2,136 1,859 8,347 6,973

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



Review Article Be the first to review this article

Featured Video
Jobs
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, PA
Design Verification Engineer for intersil at Morrisville, NC
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, CA
Applications Engineer for intersil at Palm Bay, FL
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Upcoming Events
DVCon US 2018 at Double Tree Hotel San Jose CA - Feb 26 - 1, 2018
5th EAI International Conference on Big data and Cloud Computing Challenges at Vandalur, Kelambakkam high road chennai Tamil Nadu India - Mar 8 - 9, 2018
DATE '18: Design, Automation and Test in Europe at International Congress Center Dresden Ostra-Ufer 2 Dresden Germany - Mar 19 - 23, 2018
DownStream: Solutions for Post Processing PCB Designs



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise