STMicroelectronics reported its Q2 revenues, which reached $1.76bn, corresponding to a 3.2% sequential increase but to a 5.6% decrease yoy. Every segment decreased yoy, with the exception of AMS, which displayed 3.1% growth. The DPG business decreased by 20.7% yoy, but was flat sequentially. The gross margin came in at 33.8%, a 40bp sequential increase due to favourable currency effects (net of hedging) and lower unused capacity charges. Operating expenses reached $583m, leading to an operati
23 Jul 2015
Results in line with expectations, margins positive again but still desperately weak
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Results in line with expectations, margins positive again but still desperately weak
STMicroelectronics reported its Q2 revenues, which reached $1.76bn, corresponding to a 3.2% sequential increase but to a 5.6% decrease yoy. Every segment decreased yoy, with the exception of AMS, which displayed 3.1% growth. The DPG business decreased by 20.7% yoy, but was flat sequentially. The gross margin came in at 33.8%, a 40bp sequential increase due to favourable currency effects (net of hedging) and lower unused capacity charges. Operating expenses reached $583m, leading to an operati