News Analyst
(RTTNews) – STMicroelectronics (STM) presented its 2027-2028 financial model and the path to its 2030 ambition at its Capital Markets Day in Paris, France.
The company reiterated its $20 billion-plus revenue ambition and associated financial model, which it now hopes to achieve by 2030. The company also outlined an interim financial model with expected revenues around 18 billion dollars with an operating margin between 22 and 24%. in 2027-2028.
The company expects to exit 2027 with high triple-digit, $1 million savings compared to the current cost base. This will allow the company to achieve an operating margin of between 22 and 24% in 2027-2028.
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https://www.nasdaq.com/articles/stmicroelectronics-unveils-2027-2028-financial-model
