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Q2 net revenues of $2.27 billion are up 18% with an operating margin of 12.7%, net income of $261 million.
July 26, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the second quarter ended June 30, 2018. Second quarter net revenues and gross margin were above the mid-point of the company’s outlook. ST reported second quarter net revenues of $2.27 billion, gross margin of 40.2%, operating margin of 12.7%, and net income of $261 million or $0.29 diluted earnings per share. “ST had another quarter of double-digit, year-over-year revenue growth, with improved performance across key financial met...
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