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STMicroelectronics Q2 net revenues are $4.33 billion, with gross margin of 49% and net income of $1 billion.
July 31, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported U.S. GAAP financial results for the second quarter ended July 1, 2023. ST reported second quarter net revenues of $4.33 billion, gross margin of 49.0%, operating margin of 26.5%, and net income of $1.00 billion or $1.06 diluted earnings per share. “Q2 net revenues of $4.33 billion came in above the midpoint of our business outlook range, and Q2 gross margin of 49.0% was in line with guidance,” said Jean-Marc Chery, STMicroelectronics president and CEO. “Q2 net reve...
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