STMicroelectronics Reports 2024 Second Quarter Financial Results

STMicroelectronics Reports 2024 Second Quarter Financial Results ST reported second quarter net revenues of $3.23 billion, gross margin of 40.1%, operating margin of 11.6%, and net income of $353 million or $0.38 diluted earnings per share. Quarterly Financial Summary (U.S. GAAP) Reminder: On January 10, 2024, ST announced a new organization which implied a change in segment reporting starting Q1 2024. Comparative periods have been adjusted accordingly. See Appendix for more detail. Net revenues totaled $3. ...