Flexible Electronics News

STMicroelectronics Reports 3Q 2023 Financial Results

Reports year-to-date net revenues of $13 billion, operating margin of 27.6% and net income of $3.14 billion.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

STMicroelectronics N.V. reported U.S. GAAP financial results for the third quarter ended Sept. 30, 2023. ST reported third quarter net revenues of $4.43 billion, gross margin of 47.6%, operating margin of 28.0%, and net income of $1.09 billion or $1.16 diluted earnings per share. “Q3 net revenues of $4.43 billion came in above the midpoint of our business outlook range, and Q3 gross margin of 47.6% was slightly above guidance,” said Jean-Marc Chery, ST president and CEO. “Q3 net revenues i...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters