Report
Martin Marandon-Carlhian ...
  • Stephane Houri

STMicroelectronics N.V. : No fears for Q3, the valuation factors in the assumption of a “disaster” in 2023…is this reasonable?

>No surprises expected from the Q3 2022 results - STMicroelectronics is due to publish its Q3 2022 results at end-October (no date set yet, but we expect it to be the 26 or 27 October). We think that the group should publish results in line with guidance and the consensus estimates. We forecast Q3 2022 sales of € 4,239m, representing a sequential increase of 10.5%, in line with range of guidance of +10.5% +/- 350bp and with the consensus (€ 4,241m). Likewise, we are ...
Underlying
STMicroelectronics NV

STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martin Marandon-Carlhian

Stephane Houri

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