STMicroelectronics Reports 2019 Second Quarter Financial Results


Second Quarter 2019 Summary Review

Net Revenues By Product Group (US$ m) Q2 2019 Q1 2019 Q2 2018 Q/Q Y/Y
Automotive and Discrete Group (ADG) $885 $903 $870 (2.1)% 1.7%
Analog, MEMS and Sensors Group (AMS) $694 $552 $613 25.7% 13.2%
Microcontrollers and Digital ICs Group (MDG) $591 $617 $782 (4.2)% (24.4)%
Others $3 $4 $4 - -
Total Net Revenues $2,173 $2,076 $2,269 4.7% (4.2)%

Net revenues totaled $2.17 billion. On a sequential basis revenues increased 4.7%, 230 basis points better than the mid-point of the Company’s guidance. On a year-over-year basis, second quarter net revenues decreased 4.2% as the Company recorded lower sales in Analog, Microcontrollers and Digital ICs, partially offset by growth in Automotive and Power Discrete, MEMS and Sensors. On a year-over-year basis, sales to OEMs increased 10.3%, while Distribution decreased 27.0% due to the ongoing inventory correction.

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