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Second quarter net revenues, gross margin improved sequentially to $1.76 billion and 33.8%, respectively.
July 23, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics (ST) reported financial results for the second quarter and first half ended June 27, 2015. Second quarter net revenues totaled $1.76 billion, gross margin was 33.8% and net income was $35 million. “Our second quarter performance was substantially in line with our expectations in terms of revenues, gross margin, operating margin and free cash flow generation,” said Carlo Bozotti, president and CEO of STMicroelectronics. “More specifically, our microcontroller busine...
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