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Q2 net revenues are $2.17 billion, with a gross margin of 38.2%.
July 26, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the second quarter ended June 29, 2019. ST reported second quarter net revenues of $2.17 billion, gross margin of 38.2%, operating margin of 9.0%, and net income of $160 million or $0.18 diluted earnings per share. “As planned, in the second quarter we returned to sequential revenue growth,” Jean-Marc Chery, STMicroelectronics president and CEO, said. “In fact, revenues increased 4.7%, above the mid-point of our guidance of 2.4%, driv...
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