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2021 Q3 net revenues are $3.20 billion, with a gross margin of 41.6 and net income of $474 million.
November 1, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the third quarter ended Oct. 2, 2021. Net revenues totaled $3.20 billion, a year-over-year increase of 19.9%. 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 9.9% and 48.6%, respectively. Gross profit totaled $1.33 billion, a year-over-year increase of 38.7%. Gross margin of 41.6% increased 560 basis...
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