ST(US:STM)2022-07-28 12:47Financial Performance Highlights - STMicroelectronics' Q2 2022 net revenues reached $3.84 billion, a 28.3% year-over-year increase and an 8.2% quarter-over-quarter increase[8] - The company's Q2 2022 gross margin was 47.4%, up from 40.5% in Q2 2021[8] - Q2 2022 net income doubled year-over-year to $867 million[8] - H1 2022 net revenues increased 22.9% year-over-year to $7.38 billion[8] - H1 2022 net income was $1.61 billion[8] Q3 2022 Outlook - The company projects Q3 2022 net revenues of $4.24 billion, representing a 32.6% year-over-year increase and a 10.5% quarter-over-quarter increase at the mid-point[8] - Gross margin for Q3 2022 is expected to be approximately 47.0% at the mid-point[8] FY 2022 Plan - The company is now driving the Company based on a plan for FY22 revenues in the range of $15.9 billion to $16.2 billion, with a gross margin of about 47.0%[8] - The company confirms its 2022 capex investment of $3.4 billion to $3.6 billion[76] Capital Structure - The company's liquidity stands at $4.249 billion[52] - The company's net financial position is $924 million[52]