Earnings ·
STMicroelectronics reports Q3 net revenues of $3.76 billion and EPS of $0.31
STMSTMicroelectronics N.V.
STMicroelectronics reported third-quarter net revenues of $3.76 billion, a 17.9% increase year-over-year, with gross margin at 37.3%. Operating income reached $367 million on a U.S. GAAP basis and $429 million non-GAAP, while diluted earnings per share were $0.31 ($0.37 non-GAAP). The company provided fourth-quarter guidance of $4.15 billion in net revenues and 39.0% gross margin at the mid-point. ST also announced a full-year revenue outlook of approximately $14.5 billion, driven by growth in embedded processing and RF optical communications segments. STMicroelectronics is a global semiconductor leader serving customers across electronics applications.