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Q3 2020 net revenues are $2.67 billion, with gross margin of 36,% net income of $242 million.
October 26, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the third quarter ended Sept. 26, 2020. ST reported third quarter net revenues of $2.67 billion, gross margin of 36%, operating margin of 12.3%, and net income of $242 million or $0.26 diluted earnings per share. “Looking at the fourth quarter, we expect sequential revenue growth of about 12.% at the mid-point,” said Jean-Marc Chery, STMicroelectronics president and CEO. “All product groups are expected to grow, except the RF ...
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