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Q1 net revenues were $3.02 billion, with gross margin of 39% and net income of $364 million.
May 3, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
With net revenues up 35.2% year over year, STMicroelectronics had a strong first quarter of 2021. ST reported first quarter net revenues of $3.02 billion, gross margin of 39%, operating margin of 14.6%, and net income of $364 million or $0.39 diluted earnings per share for the first quarter ended April 3, 2021. “In the first quarter of 2021, net revenues increased 35.2% year-over-year,” said Jean-Marc Chery, STMicroelectronics president and CEO. “All product groups contributed to this growth, ...
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