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:
From the editor's desk: The art of measuring the truth
Technews Publishing
Editor's Choice News
All electronic measurements are a lie. The trick is making the lie as small as possible.
Read more...
TSE has relocated
News
The Technology Station in Electronics (TSE) has entered a new chapter with its relocation from the CSIR campus to TUT-owned building at Ditsela Place in Hatfield.
Read more...
Innovative MyLegrand app
RS South Africa
News
Legrand SA is set to launch the MyLegrand mobile application, a digital platform designed to strengthen engagement across its professional network.
Read more...
Kulani Energy acquires critical assets from Optipower
News
Kulani Energy preserves engineering, procurement, and construction capability and positions a wholly women-owned firm at the forefront of South Africa’s grid expansion.
Read more...
From Cape Town to Johannesburg
News
Würth Elektronik South Africa has taken a significant step forward with its recent relocation from Cape Town to Johannesburg, marking a new phase of growth and ambition for the company.
Read more...
Lesley Havenga: Building partnerships for Africa’s electronics future
Editor's Choice News
As Würth Electronik expands its footprint across South Africa and the broader sub-Saharan region, Havenga’s blend of manufacturing expertise, supply chain knowledge, and people-centred leadership appears well suited to the task.
Read more...
Tackling e-waste with help from international partners
News
Every year millions of electrical and electronic devices and appliances, including mobile phones and computers, are thrown away and these items are now the fastest growing waste stream in the world.
Read more...
From the editor's desk: Pricing surge reshapes engineering reality
Technews Publishing
News
The recent and continuing surge in memory prices has become more than a supply-chain story confined to global semiconductor markets. We have watched in disbelief as the ASP of memory has risen by over
...
Read more...
Siemens democratises EDA software access
News
This collaboration will provide streamlined access to advanced electronic design automation software for European semiconductor innovation.
Read more...
Components distribution: A promising trend
News
The European electronic components market returned to solid growth in Q1, gaining 16,9%, with broad, but uneven, momentum across the region.
Read more...
printer friendly version