Flexible Electronics News

STMicroelectronics Reports 2019 First Quarter Financial Results

Posts net revenues of $2.08 billion, operating margin of 10.2% and net income of $178 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

STMicroelectronics reported US GAAP financial results for the first quarter ended March 30, 2019. ST reported first quarter net revenues of $2.08 billion, gross margin of 39.4%, operating margin of 10.2%, and net income of $178 million or $0.20 diluted earnings per share.   “In the first quarter of 2019, revenues and gross margin performed as anticipated, amid softened market dynamics. We maintained a solid level of profitability, with operating margin above 10% and net income of $178 million,...

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