ST
New organization
On January 10, 2024, ST announced a new organization to deliver enhanced product development innovation and efficiency, time-to-market as well as customer focus by end market. This new organization implies a change in segment reporting which is applied from January 1, 2024.
ST moved from three reportable segments (ADG, AMS and MDG) to four reportable segments as follows:
- In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group:
- Analog products, MEMS and Sensors (AM&S) segment, comprised of ST analog products, MEMS sensors and actuators, and optical sensing solutions.
- Power and Discrete products (P&D) segment comprised of discrete and power transistor products.
In this Press Release, “Analog” refers to ST analog products, “MEMS” to MEMS sensors and actuators and “Imaging” to optical sensing solutions.
- In Microcontrollers, Digital ICs and RF products (MDRF) Product Group:
- Microcontrollers (MCU) segment, comprised of general-purpose and automotive microcontrollers, microprocessors and connected security products (including EEPROM).
- Digital ICs and RF Products (D&RF) segment, comprised of automotive ADAS, infotainment, RF and communications products.
In this Press release, “Auto MCU” refers to Automotive microcontrollers and microprocessors, “GP MCU” to general purpose microcontrollers and microprocessors, “Connected Security” to connected security products (including EEPROM), “ADAS” to automotive ADAS and infotainment, “RF Communications” to RF and communications products.
Prior year quarters comparative information has been adjusted accordingly.
(Appendix – continued)
ST
Supplemental Financial Information
| Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | |
| Net Revenues By Market Channel (%) | |||||
| Total OEM | 73% | 70% | 70% | 67% | 64% |
| Distribution | 27% | 30% | 30% | 33% | 36% |
| €/$ Effective Rate | 1.08 | 1.09 | 1.08 | 1.09 | 1.08 |
| Reportable Segment Data (US$ m) | |||||
| Analog products, MEMS and Sensors (AM&S) segment | |||||
| - Net Revenues | 1,165 | 1,217 | 1,418 | 1,367 | 1,293 |
| - Operating Income | 144 | 185 | 300 | 298 | 259 |
| Power and Discrete products (P&D) segment | |||||
| - Net Revenues | 747 | 820 | 965 | 989 | 989 |
| - Operating Income | 110 | 138 | 245 | 262 | 262 |
| Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group | |||||
| - Net Revenues | 1,912 | 2,037 | 2,383 | 2,356 | 2,282 |
| - Operating Income | 254 | 323 | 545 | 560 | 521 |
| Microcontrollers (MCU) segment | |||||
| - Net Revenues | 800 | 950 | 1,272 | 1,466 | 1,482 |
| - Operating Income | 72 | 185 | 378 | 534 | 551 |
| Digital ICs and RF Products (D&RF) segment | |||||
| - Net Revenues | 516 | 475 | 623 | 605 | 558 |
| - Operating Income | 150 | 150 | 223 | 226 | 196 |
| Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group | |||||
| - Net Revenues | 1,316 | 1,425 | 1,895 | 2,071 | 2,040 |
| - Operating Income | 222 | 335 | 601 | 760 | 747 |
| Others (a) | |||||
| - Net Revenues | 4 | 3 | 4 | 4 | 4 |
| - Operating Income (Loss) | (101) | (107) | (123) | (79) | (122) |
| Total | |||||
| - Net Revenues | 3,232 | 3,465 | 4,282 | 4,431 | 4,326 |
| - Operating Income | 375 | 551 | 1,023 | 1,241 | 1,146 |
- Net revenues of Others include revenues from sales assembly services and other revenues. Operating income (loss) of Others include items such as unused capacity charges, including incidents leading to power outage, impairment and restructuring charges, management reorganization costs, start-up and phase out costs, and other unallocated income (expenses) such as: strategic or special research and development programs, certain corporate-level operating expenses, patent claims and litigations, and other costs that are not allocated to reportable segments, as well as operating earnings of other products . Others includes:
| (US$ m) | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
| Unused capacity charges | 84 | 63 | 57 | 46 | 15 |
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