STMicroelectronics Registers 28% Revenue Growth In Q2; Boosts FY22 Outlook
STMicroelectronics NV (NYSE: STM ) reported second-quarter FY22 revenue growth of 28.3% year-on-year to $3.84 billion, beating the consensus of $3.75 billion. Sales to OEMs increased by 31.7% Y|Y, and Distribution sales improved by 22.2% Y|Y. Automotive and Discrete Group (ADG) revenue rose 35.1% Y|Y to $1.45 billion. Analog, MEMS, and … Full story available on Benzinga.com
STMicroelectronics Registers 28% Revenue Growth In Q2; Boosts FY22 Outlook
STMicroelectronics NV (NYSE: STM ) reported second-quarter FY22 revenue growth of 28.3% year-on-year to $3.84 billion, beating the consensus of $3.75 billion. Sales to OEMs increased by 31.7% Y|Y, and Distribution sales improved by 22.2% Y|Y. Automotive and Discrete Group (ADG) revenue rose 35.1% Y|Y to $1.45 billion. Analog, MEMS, and … Full story available on Benzinga.com