In the second quarter, ST reported net revenues of $3.23 billion with a solid gross margin of 40.1% and an operating margin of 11.6%, resulting in a net income of $353 million. This performance reflects the company’s resilience and effective cost management despite market fluctuations.
Looking at the first half of the year, ST achieved net revenues of $6.70 billion, with a slightly higher gross margin of 40.9% and an operating margin of 13.8%, leading to a net income of $865 million. These results underscore the company's strong sales strategies and operational efficiency in a competitive landscape.
For the upcoming third quarter, ST anticipates revenues of $3.25 billion, estimating a gross margin of 38%. This forecast indicates a commitment to maintaining stable revenue levels while navigating potential industry challenges. Overall, ST continues to showcase robust financial health and a positive outlook for growth.
STMicroelectronics NV, commonly known as ST/STMicro, is a leading multinational corporation in the technology sector, with roots in both France and Italy. Incorporated in the Netherlands, the company operates its headquarters in Plan-les-Ouates, Switzerland. STMicro is publicly listed on multiple stock exchanges, including the New York Stock Exchange, Euronext Paris (part of the CAC 40), and the Borsa Italiana in Milan (FTSE MIB).
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