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H1 net revenues were $7.38 billion, with gross margin 47.1%, operating margin 25.5% and net income of $1.61 billion.
July 28, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported U.S. GAAP financial results for the second quarter ended July 2, 2022. ST reported second quarter net revenues of $3.84 billion, gross margin of 47.4%, operating margin of 26.2%, and net income of $867 million or $0.92 diluted earnings per share. “First half net revenues increased 22.9% year-over-year, driven by growth in all product groups and sub- groups. Operating margin was 25.5% and net income was $1.61 billion,” said Jean-Marc Chery, STMicroelectronics pre...
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