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2024 Q2 net revenues are $3.23 billion, with net income of $353 million.
July 26, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics N.V. reported U.S. GAAP financial results for the second quarter ended June 29, 2024. ST reported second quarter net revenues of $3.23 billion, gross margin of 40.1%, operating margin of 11.6%, and net income of $353 million or $0.38 diluted earnings per share. “Q2 net revenues were above the midpoint of our business outlook range driven by higher revenues in Personal Electronics, partially offset by lower than expected revenues in Automotive,” Jean-Marc Chery, ST presiden...
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