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Q1 net revenues were $2.23 billion; gross margin 37.9%; operating margin 10.4%; net income $192 million.
April 27, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the first quarter ended March 28, 2020. ST reported first quarter net revenues of $2.23 billion, gross margin of 37.9%, operating margin of 10.4%, and net income of $192 million or $0.21 diluted earnings per share. “In the first quarter of 2020, net revenues increased 7.5% year-over-year, led by higher sales of our Imaging products and growth in Analog and Microcontrollers, partially offset by lower sales in Automotive, Power Discrete a...
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