STM reported Q3 revenues of $1,764m, flat sequentially but down by 6.5% yoy. Every segment suffered but Microcontrollers (+6.2% sequentially, +9.3% yoy), while Automotive grew sequentially (+2.1%) but was down yoy (-3.7%). The fall was particularly sharp in Industrial (-10.1% yoy) and in Analog, MEMS & Sensors (-14.7% sequentially, -13.1% yoy). The gross margin reached 34.8%, a sequential increase of 100bp, thanks to favourable mix and currency effects. Opex reached $522m, a net decrease
29 Oct 2015
Soft results and guidance, clear trigger expected soon with DPG
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Soft results and guidance, clear trigger expected soon with DPG
STM reported Q3 revenues of $1,764m, flat sequentially but down by 6.5% yoy. Every segment suffered but Microcontrollers (+6.2% sequentially, +9.3% yoy), while Automotive grew sequentially (+2.1%) but was down yoy (-3.7%). The fall was particularly sharp in Industrial (-10.1% yoy) and in Analog, MEMS & Sensors (-14.7% sequentially, -13.1% yoy). The gross margin reached 34.8%, a sequential increase of 100bp, thanks to favourable mix and currency effects. Opex reached $522m, a net decrease