STM published its Q3 revenue which was globally in line with consensus, however, the market paid no attention to it. Q3 revenues were up 18.1% yoy to $2.52bn (above consensus), representing sequential growth of +11.2% qoq, mainly driven by strong growth in Imaging, Power Discrete and Automotive products. Year-on-year sales to OEMs and Distribution were up +21.6% and +11.2%, respectively. The gross margin has slightly lowered to 39.8%, below the 40% midpoint guidance, mainly due to the product
25 Oct 2018
A decent set of results but the market judges it otherwise
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A decent set of results but the market judges it otherwise
STMicroelectronics NV (STMI:WBO) | 0 0 0.8%
- Published:
25 Oct 2018 -
Author:
Hugo Paternoster -
Pages:
3
STM published its Q3 revenue which was globally in line with consensus, however, the market paid no attention to it. Q3 revenues were up 18.1% yoy to $2.52bn (above consensus), representing sequential growth of +11.2% qoq, mainly driven by strong growth in Imaging, Power Discrete and Automotive products. Year-on-year sales to OEMs and Distribution were up +21.6% and +11.2%, respectively. The gross margin has slightly lowered to 39.8%, below the 40% midpoint guidance, mainly due to the product