STMicroelectronics Reports 2019 Second Quarter Financial Results

PR No: C2909C

  • Q2 net revenues $2.17 billion; gross margin 38.2%; operating margin 9.0%; net income $160 million
  • H1 net revenues $4.25 billion; gross margin 38.8%; operating margin 9.6%; net income $338 million
  • Q3 business outlook at mid-point: net revenues up about 15.3% Q/Q and gross margin of about 37.5%

Geneva, July 25, 2019 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the second quarter ended June 29, 2019. This press release also contains non-U.S. GAAP measures (see Appendix for additional information).

ST reported second quarter net revenues of $2.17 billion, gross margin of 38.2%, operating margin of 9.0%, and net income of $160 million or $0.18 diluted earnings per share.

Jean-Marc Chery, STMicroelectronics President & CEO, commented:

  • “As planned, in the second quarter we returned to sequential revenue growth. In fact, revenues increased 4.7%, above the mid-point of our guidance of 2.4%, driven by specialized imaging sensors, RF products for front end modules, silicon carbide MOSFETs and digital automotive, partially offset by general purpose analog, microcontrollers and legacy automotive products. We delivered an operating margin of 9.0%.
  • “During the first half of 2019 we delivered sales and profitability results in line with our quarterly guidance and we continued to advance our strategic investments.
  • "L ooking at the third quarter, we expect strong sequential revenue growth of about 15.3% at the mid-point. This growth will be driven by engaged customer programs and new products in a softer than expected legacy automotive and industrial market . Gross margin is expected to be about 37.5% at the mid-point, including about 140 basis points of unsaturation charges.
  • “For the full year 2019, we now expect net revenues to be in the range of about $9.35 to $9.65 billion. We confirm our investment plan of $1.1 to $1.2 billion.

Quarterly Financial Summary (U.S. GAAP)

(US$ m, except per share data) Q2 2019 Q1 2019 Q2 2018 Q/Q Y/Y
Net Revenues $2,173 $2,076 $2,269 4.7% (4.2)%
Gross Profit $830 $818 $911 1.6% (8.9)%
Gross Margin 38.2% 39.4% 40.2% (120) bps (200) bps
Operating Income $196 $211 $289 (7.0)% (32.0)%
Operating Margin 9.0% 10.2% 12.7% (120) bps (370) bps
Net Income $160 $178 $261 (10.2)% (38.7)%
Diluted Earnings Per Share $0.18 $0.20 $0.29 (10.0)% (37.9)%

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »



Review Article Be the first to review this article
Aldec

 Advanced Asembly

Featured Video
Editorial
Roberto FrazzoliEDACafe Editorial
by Roberto Frazzoli
IBM’s 2nm chip; EDA updates; AI updates; acquisitions
More Editorial  
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Next Week’s Main Event: The ESD Alliance CEO Outlook
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automating the UVM Register Abstraction Layer (RAL)
Jobs
Senior HID Sensor Algorithm Architect for Apple Inc at Cupertino, California
SoC Physical Design Engineer for Qualcomm at Austin, Texas
Principle Engineer (Analog-Mixed-Signal Implementation) for Global Foundaries at Santa Clara, California
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
Business Operations Planner for Global Foundaries at Santa Clara, California
Test and Measurement System Architect for Xilinx at San Jose, California
Upcoming Events
DVCon China 2021 at Shanghai China - May 26, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
SEMICON Southeast Asia 2021 Hybrid Event at Setia SPICE Convention Centre Penang Malaysia - Aug 23 - 27, 2021
Verific: SystemVerilog & VHDL Parsers



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise