STMicroelectronics reported Q1 revenues of $1,821m, down 2% sequentially and up 12.9% yoy. Every business unit grew yoy, AMG being the strongest contributor ($443m, +20.1%), followed by MDG ($716m, +11.5%) and ADG ($708m, +5.5%). The Others business remains once again on a strong ascending path ($77m, -20.6% sequentially, +87.8% yoy) thanks to the Imaging business doubling compared to a year ago. The gross margin reached 37.6%, a sequential increase of 10bp and 420bp yoy. Opex came in at $556
27 Apr 2017
Positive guidance for Q2, CEO transition postponed by one year
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positive guidance for Q2, CEO transition postponed by one year
STMicroelectronics reported Q1 revenues of $1,821m, down 2% sequentially and up 12.9% yoy. Every business unit grew yoy, AMG being the strongest contributor ($443m, +20.1%), followed by MDG ($716m, +11.5%) and ADG ($708m, +5.5%). The Others business remains once again on a strong ascending path ($77m, -20.6% sequentially, +87.8% yoy) thanks to the Imaging business doubling compared to a year ago. The gross margin reached 37.6%, a sequential increase of 10bp and 420bp yoy. Opex came in at $556