STMicroelectronics reports Q2 2023 revenues at $4.33 billion, up 12.7% YOY

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Financial results

The company’s third-quarter business outlook, at the mid-point, is for net revenues of $4.38 billion; gross margin is expected to be about 47.5%

STMicroelectronics has reported a 12.7% year-over-year rise in revenue for the second quarter of fiscal 2023 to $4.33 billion, according to its press release July 27.

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