Flexible Electronics News

STMicroelectronics Reports 2023 First Quarter Financial Results

Q1 net revenues were $4.25 billion; gross margin 49.7%; operating margin 28.3%; and net income of $1.04 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

STMicroelectronics reported U.S. GAAP financial results for the first quarter ended April 1, 2023. ST reported first quarter net revenues of $4.25 billion, gross margin of 49.7%, operating margin of 28.3%, and net income of $1.04 billion or $1.10 diluted earnings per share. “Q1 net revenues of $4.25 billion came in better than expected in Automotive and Industrial partially offset by lower revenues in Personal Electronics,” said Jean-Marc Chery, STMicroelectronics president and CEO. “Q1 gross...

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