STMicroelectronics Releases Fourth Quarter and Full Year 2023 Financial Results

STMicroelectronics' net revenue in the fourth quarter of 2023 was $4.28 billion, with a gross profit margin of 45.5% and a net profit of $1.08 billion. The full-year net revenue was $17.29 billion, with a gross profit margin of 47.9% and a net profit of $4.21 billion. It is expected that the net revenue in the first quarter of 2024 will be $3.6 billion, with a gross profit margin of 42.3%.