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Q3 net revenues $2.52 billion, up 18.1% year on year, with operating margin 15.8%.
October 25, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the third quarter ended Sept. 29, 2018. ST reported third-quarter net revenues of $2.52 billion, gross margin of 39.8%, operating margin of 15.8%, and net income of $369 million or $0.41 diluted earnings per share. “ST had another quarter of solid performance, with sequential revenue growth of 11.2%, above our 10% midpoint outlook, and operating margin expansion to 15.8,” said Jean-Marc Chery, STMicroelectronics president and CEO. “Reve...
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