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Preliminary Q320 net revenues of $2.67 billion, above the outlook range.
October 8, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics announced that its preliminary and unaudited net revenues for the third quarter ended Sept. 26, 2020, are above the business outlook range provided in the company’s news release dated July 23, 2020. Preliminary Q320 net revenues are $2.67 billion, up 27.8% sequentially and 690 basis points above the high end of the range. The prior outlook was for Q320 net revenues to be $2.45 billion, an increase of 17.4% sequentially, plus or minus 350 basis points. “We ended Q32...
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