Flexible Electronics News

STMicroelectronics Reports 1Q 2022 Financial Results

Q1 net revenues were $3.55 billion, with gross margin of 46.7% and net income $747 million.

STMicroelectronics reported US GAAP financial results for the first quarter ended April 2, 2022. ST reported first quarter net revenues of $3.55 billion, gross margin of 46.7%, operating margin of 24.7%, and net income of $747 million or $0.79 diluted earnings per share. “ST’s second quarter outlook, at the mid-point, is for net revenues of $3.75 billion, increasing year-over-year by 25.3% and sequentially by 5.8%; gross margin is expected to be about 46.0%,” said Jean-Marc Chery, STMicroelec...

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