STM reported its Q2 results, with key figures broadly in line with consensus expectations and in line with the group’s guidance. Revenues grew by 18% yoy while the operating profit jumped by 60% yoy. The group’s performance was driven by each activity but more specifically by Microcontrollers and Digital ICs. For Q3, the group expects revenues to grow by 10% sequentially vs 2.2% between Q1 and Q2 while the gross margin is still expected to be close to 40%.
25 Jul 2018
On track to reach FY18 guidance but don't expect much more
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On track to reach FY18 guidance but don't expect much more
STM reported its Q2 results, with key figures broadly in line with consensus expectations and in line with the group’s guidance. Revenues grew by 18% yoy while the operating profit jumped by 60% yoy. The group’s performance was driven by each activity but more specifically by Microcontrollers and Digital ICs. For Q3, the group expects revenues to grow by 10% sequentially vs 2.2% between Q1 and Q2 while the gross margin is still expected to be close to 40%.