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Q2 net revenues were $2.99 billion, with gross margin of 40.5% and net income of $412 million.
July 30, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the second quarter ended July 3, 2021. Net revenues totaled $2.99 billion, a year-over-year increase of 43.4%. On a year-over-year basis, the company recorded higher net sales in all product groups except the RF Communications sub-group. Year-over-year net sales to OEMs and Distribution increased 38.4% and 53.1%, respectively. Gross profit totaled $1.21 billion, a year-over-year increase of 66.1%. Gross margin of 40.5% increased 550 bas...
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