STMicroelectronics (STM) recently shared its financial goals for 2027-2028 as well as its vision for 2030 during the Capital Markets Day event in Paris, France.
The company reaffirmed its ambition to achieve revenues exceeding $20 billion, a target it now anticipates reaching by 2030. In addition, STM introduced a mid-term financial model projecting revenues of approximately $18 billion, with an operating margin expected to fall within the 22% to 24% range by 2027-2028.
By the close of 2027, the company aims to realize substantial cost savings in the high triple-digit million-dollar range compared to its current expense structure. These efficiencies are designed to help STM achieve an operating margin between 22% and 24% during the 2027-2028 period.
