(b) Q3 and Q2 2022 diluted earnings per share includes the full dilutive effect of our outstanding convertible debt, upon adoption on January 1, 2022 of the new U.S. GAAP reporting guidance. Prior period has not been restated.
Thir d Quarter 202 2 Summary Review
Effective July 1, 2022, the Low Power RF business unit was transferred from AMS (Analog sub-group) to MDG (Microcontrollers and Memories sub-group). Prior periods have been adjusted accordingly.
| Net Revenues By Product Group (US$ m) | Q 3 202 2 | Q 2 202 2 | Q 3 20 2 1 | Q/Q | Y/Y |
| Automotive and Discrete Group (ADG) | 1,563 | 1,454 | 1,005 | 7.5% | 55.5% |
| Analog, MEMS and Sensors Group (AMS) | 1,380 | 1,115 | 1,258 | 23.7% | 9.7% |
| Microcontrollers and Digital ICs Group (MDG) | 1,374 | 1,263 | 930 | 8.8% | 47.7% |
| Others | 4 | 5 | 4 | - | - |
| Total Net Revenues | 4,321 | 3,837 | 3,197 | 12.6 % | 35.2 % |
Net revenues totaled $4.32 billion, a year-over-year increase of 35.2%. On a year-over-year basis, the Company recorded higher net sales in all product groups and sub-groups. Year-over-year net sales to OEMs and Distribution increased 34.1% and 37.4%, respectively. On a sequential basis, net revenues increased 12.6%, 210 basis points better than the mid-point of the Company’s guidance. All product groups and sub-groups reported increases in net revenues on a sequential basis.
