Earnings ·
STMicroelectronics posts $3.76B Q3 revenue, up 17.9% year-over-year
STMSTMicroelectronics N.V.
STMicroelectronics reported third-quarter net revenues of $3,757 million, a 17.9% increase from the prior year and a 7.7% sequential rise, driven by higher volumes across all segments. Gross margin expanded to 37.3%, up 250 basis points sequentially, supported by lower unused capacity charges and improved product mix. Operating income reached $367 million, nearly doubling year-over-year, while diluted earnings per share rose to $0.31 from $0.26 in the same period last year. The company provided fourth-quarter revenue guidance of approximately 10.5% sequential growth with gross margins expected around 39.0%. STMicroelectronics designs and manufactures semiconductor technologies for automotive, industrial, personal electronics, and communications applications.