The net income of Italian Semiconductor in the third quarter was 4.32 billion US dollars, up 35.2% from the same period last year.

CTOnews.com October 30 news, STMicroelectronics this week announced the third quarter of 2022 results. STSemiconductor reported third-quarter net revenue of $4.32 billion (about 31.32 billion yuan), gross profit margin of 47.6%, operating profit margin of 29.4%, net profit of $1.1 billion (about 7.975 billion yuan) and diluted earnings of 1.16 yuan per share.

STMicroelectronics said net revenue in the third quarter of 2022 totaled $4.32 billion, up 35.2% from a year earlier, CTOnews.com learned. Compared with the same period last year, all product divisions and all sub-business units of the company achieved year-on-year growth in net sales. Revenue from OEM and agency channels increased by 34.1% and 37.4% year-on-year, respectively. Net revenue in the third quarter rose 12.6% from the previous quarter, 210 basis points higher than the company's median guidance. All product divisions reported a month-on-month increase in net revenue.

Capital expenditure (excluding income from asset sales) was $955 million (about 6.924 billion yuan) in the third quarter of 2022, totaling $2.61 billion (about 18.922 billion yuan) in the first three quarters, according to the results.

In terms of business outlook, St guidelines (median) for the fourth quarter of 2022 are expected to have net revenue of $4.4 billion (about 31.9 billion yuan), an increase of about 1.8% month-on-month, and a gross profit margin of about 47.3%.