STM - STMicroelectronics N.V. (STM) Q1 2024 Earnings Call Transcript

2024-04-25 08:15:22 ET

STMicroelectronics N.V. (STM)

Q1 2024 Earnings Conference Call

April 25, 2024, 03:30 AM ET

Company Participants

Celine Berthier - Group VP, IR

Jean-Marc Chery - President & CEO

Lorenzo Grandi - CFO, President of Finance, Purchasing, ERM & Resilience

Conference Call Participants

Joshua Buchalter - TD Cowen

Stephane Houri - ODDO

Francois Bouvignies - UBS

Didier Scemama - Bank of America

Sandeep Deshpande - JPMorgan

Jerome Ramel - BNP Paribas

Presentation

Operator

Ladies and gentlemen, welcome to the STMicroelectronics First Quarter 2024 Earnings Release Conference Call and Live Webcast. I am Moira, the Chorus Call operator. I would like to remind that, all participants will be in a listen-only mode and the conference has been recorded. The presentation will be followed by a Q&A session. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Celine Berthier, Group Vice President, Head of Investor Relations. Please go ahead.

Celine Berthier

Thank you very much, Moira. Good morning. Thank you, everyone, for joining our first quarter 2024 financial results conference call. Hosting the call today is Jean-Marc Chery, ST's President and Chief Executive Officer. Joining Jean-Marc on the call today are Lorenzo Grandi, President of Finance, Purchasing, ERM and Resilience, our Chief Financial Officer, Marco Cassis, President, Analog, Power & Discrete, MEMS and Sensors Group, Head of STMicroelectronics Strategy, System Research and Applications and Innovation Office.

This live webcast and presentation materials can be accessed on ST's Investor Relations website. A replay will be available shortly after the conclusion of this call. This call will include forward-looking statements that involve risk factors that could cause ST's results to differ materially from management expectations and plans. We encourage you to review the safe harbor statement contained in the press release that was issued with the results this morning and also in ST's most recent regulatory filings for a full description of these risk factors. Also, to ensure all participants have an opportunity to ask questions during the Q&A session, please limit yourself to one question and a brief follow-up.

I'd now like to turn the call over to Jean-Marc, ST's President and CEO.

Jean-Marc Chery

Thank you, Celine. Good morning, everyone, and thank you for joining ST for our Q1 2024 earnings conference call. Let me begin with some opening comments....

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