STMicroelectronics Reports 2019 Third Quarter Financial Results

Third Quarter 2019 Summary Review

Net Revenues By Product Group (US$ m) Q3 2019 Q2 2019 Q3 2018 Q/Q Y/Y
Automotive and Discrete Group (ADG) $894 $885 $901 1.1% (0.8)%
Analog, MEMS and Sensors Group (AMS) $968 $694 $899 39.4% 7.7%
Microcontrollers and Digital ICs Group (MDG) $688 $591 $719 16.3% (4.3)%
Others $3 $3 $3 - -
Total Net Revenues $2,553 $2,173 $2,522 17.5% 1.2%

Net revenues totaled $2.55 billion. On a sequential basis revenues increased 17.5%, 220 basis points better than the mid-point of the Company’s guidance. On a year-over-year basis, third quarter net revenues increased 1.2% as the Company recorded higher sales in Imaging, Analog, Power Discrete and MEMS largely offset by lower Digital ICs, Automotive and Microcontrollers sales. On a year-over-year basis, sales to OEMs increased 7.2%, while Distribution decreased 11.6%.

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