ST’s first quarter financial results

31 May 2023 News

STMicroelectronics has reported its first quarter financial results, ending 1 April 2023. The company reported net revenues of $4,25 billion, a gross margin of 49,7%, an operating margin of 28,3%, and net income of $1,04 billion. ST’s cash flow was $206 million after net capital expenditure payments of $1,09 billion.

Jean-Marc Chery, STMicroelectronics president and CEO, commented:

• “Q1 net revenues of $4,25 billion came in better than expected in Automotive and Industrial, partially offset by lower revenues in Personal Electronics.”

• “Q1 gross margin of 49,7% was 170 basis points above the mid-point of our business outlook range mainly due to product mix in a price environment that remained favourable.”

• “On a year-on-year basis, Q1 net revenues increased 19,8%, operating margin increased to 28,3% from 24,7%, and net income increased 39,8% to $1,04 billion.”

• “Our second quarter business outlook, at the mid-point, is for net revenues of $4,28 billion, increasing year-on-year by 11,5%, and increasing sequentially by 0,8%; gross margin is expected to be about 49,0%.”

• “We will now drive the company based on a plan for FY23 revenues in the range of $17,0 billion to $17,8 billion.”

Further reading:

Components distribution slowdown Q1 2025
News
European components distribution (DMASS) experienced a continued slowdown in the first quarter 2025.

Read more...

---

Semiconductor sales increase 17% YoY
News
The Semiconductor Industry Association (SIA) recently announced global semiconductor sales were $54,9 billion during the month of February 2025, an increase of 17,1% compared to the February 2024 total.

Read more...

---

Silicon Labs – Q1 results
News
Silicon Labs, a leading innovator in low-power wireless, recently reported financial results for the first quarter, which ended April 5, 2025.

Read more...

---

Strengthening industry through strategic partnerships at KITE 2025
Specialised Exhibitions News
The KwaZulu-Natal Industrial Technology Exhibition is not just an exhibition, it is a powerhouse of industry collaboration where visitors and exhibitors gain access to authoritative insights, technical expertise, and high-impact networking opportunities.

Read more...

---

Solar Youth Project calls on industry to step up
News
With the second cohort completed training and the first cohort returning for their final module, host companies are urgently needed to turn the training into a long-term opportunity.

Read more...

---

Conlog powers SA’s future with national smart meter rollout
News
Conlog recently secured the RT29-2024 contract from National Treasury, which is seen to be a major milestone towards modernising SA’s utility infrastructure.

Read more...

---

Zuchongzhi-3 sets new benchmark
News
This latest superconducting quantum computing prototype features 105 qubits and 182 couplers to operate at a speed 10¹5 times faster than the most powerful supercomputer currently available.

Read more...

---

Automatic device attestation certificate for Panasonic
News
DigiCert recently announced it has partnered with Panasonic Industry Europe to integrate DigiCert Device Trust Manager with Panasonic’s PAN-MaX intelligent manufacturing service for seamless Matter certification of interoperable smart home devices.

Read more...

---

From the editor's desk: Are we really being ripped off?
Technews Publishing News
To the surprise of many customers, installing solar panels does not always eliminate their utility bill – and in some cases, the power utility may impose additional charges on solar-powered homes.

Read more...

---

Winner of the Advanced Electronics Challenge
Avnet Silica News
Avnet Silica has named Hydronauten winner of the Advanced Electronics Challenge for breakthrough AI-driven vibration damping technology.

Read more...

---