STMicro: sharp profit rise in Q2

(CercleFinance.com) - STMicroelectronics posts net income of 261 million dollars and operating income of 289 million for the second quarter of 2018, up approximately 73% and 60% respectively compared to the same period in 2017.


Net turnover, at 2,269 million dollars, progressed by 18% year-on-year “on balanced growth across all product groups, regions and end markets, with an especially strong performance in Industrial”.

For the third quarter, the French-Italian group expects revenues to grow sequentially about 10%, reflecting year-over-year growth of 16.8% and gross margins of approximately 40%.


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