STMicroelectronics Plans Key Events for Upcoming Financial Updates

STMicroelectronics Schedules Earnings Release and Events

STMicroelectronics (NYSE: STM), a prominent global semiconductor powerhouse, has announced its forthcoming earnings release date for the third quarter of 2024. The company is set to unveil its financial results prior to the launch of trading on European Stock Exchanges. This pivotal update is scheduled to take place on October 31, 2024, providing crucial insights for investors.

Conference Call for Investors

Following the earnings announcement, STMicroelectronics will hold an important conference call at 9:30 a.m. Central European Time (CET). This session will be accessible to analysts, investors, and reporters who have a vested interest in the company’s financial trajectory and operational outlook. The call will serve as an opportunity to dissect the third quarter results and discuss future initiatives, further enhancing investor engagement.

Webcast Accessibility

For those unable to participate in the live conference, STMicroelectronics has arranged for a webcast of the event to ensure widespread accessibility. The webcast will be available on ST’s official website, allowing interested parties to listen in and gather vital information from the presentation. Additionally, a replay of the conference will be available until November 15, 2024, ensuring that investors have ample time to catch up on any missed content.

Capital Markets Day Overview

In addition to the third-quarter earnings call, STMicroelectronics is set to conduct its 2024 Capital Markets Day on November 20. This event gathers industry professionals and stakeholders to delve deeper into the company’s strategic vision and market positioning. The meeting will be broadcasted live from Paris, France, and it promises to be an in-depth exploration of the company's future direction.

What to Expect from the Capital Markets Day

During the Capital Markets Day, STMicroelectronics will provide a comprehensive overview of its roadmap, including innovations in semiconductor technology and sustainability initiatives. This session represents a pivotal moment for the company to align its growth strategies with market expectations while addressing investor inquiries regarding key initiatives and targets.

Commitment to Sustainability

STMicroelectronics emphasizes its dedication to sustainability as part of its operational strategy. The company has set ambitious goals to achieve carbon neutrality for scope 1 and scope 2 emissions, aiming to partially address scope 3 emissions by 2027. This commitment not only reflects ST’s responsibility towards environmental stewardship but also positions it favorably with investors increasingly focused on sustainable practices.

Innovations in Semiconductor Technology

As a leader in the semiconductor industry, STMicroelectronics works tirelessly to foster technological advancements that resonate across various sectors. With over 50,000 professionals engaged in semiconductor design and production, the company is well-equipped to serve more than 200,000 customers globally. Its innovations support diverse ecosystems such as smart mobility, energy management, and the development of autonomous solutions.

Future Outlook

With financial results and strategic updates on the horizon, STMicroelectronics strives to maintain transparency and proactive communication with stakeholders. By connecting with investors through these events, the company underlines its focus on fostering trust and showcasing its progress in delivering value.

Investor Relations Contact

For additional queries, investors can reach out to Céline Berthier, the Group VP of Investor Relations at STMicroelectronics. Céline can be contacted via telephone at +41 22 929 58 12 or via email at celine.berthier@st.com. Any media-related inquiries can be directed to Alexis Breton, who oversees corporate external communications, at +33 6 59 16 79 08 or via email at alexis.breton@st.com.

Frequently Asked Questions

What is the date of the third quarter earnings release?

STMicroelectronics will release its third-quarter earnings on October 31, 2024.

How can investors access the earnings conference call?

The conference call will be accessible live on the company’s official website and will also be available for replay afterward.

When is the Capital Markets Day scheduled?

The 2024 Capital Markets Day will take place on November 20, 2024, from 9:00 a.m. to 1:15 p.m. CET.

What are STMicroelectronics' sustainability goals?

STMicroelectronics aims to achieve carbon neutrality on scope 1 and 2 emissions by 2027 and will partially address scope 3 emissions.

Who can I contact for more investor information?

Céline Berthier is the contact for investor relations, and can be reached at +41 22 929 58 12 or via email.

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