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2022 Q3 net revenues were $4.32 billion, gross margin 47.6%, operating margin 29.4% and net income $1.10 billion.
October 28, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported U.S. GAAP financial results for the third quarter ended Oct. 1, 2022. ST reported third quarter net revenues of $4.32 billion, gross margin of 47.6%, operating margin of 29.4%, and net income of $1.10 billion or $1.16 diluted earnings per share. Net revenues showed a year-over-year increase of 35.2%. On a year-over-year basis, the company recorded higher net sales in all product groups and sub-groups. “First nine months net revenues increased 27.2% to $11.70 billi...
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