First Quarter 2021 Summary Review
Net Revenues By Product Group (US$ m) | Q1 2021 | Q4 2020 | Q1 2020 | Q/Q | Y/Y |
Automotive and Discrete Group (ADG) | 1,043 | 953 | 753 | 9.4% | 38.4% |
Analog, MEMS and Sensors Group (AMS) | 1,083 | 1,419 | 852 | -23.7% | 27.1% |
Microcontrollers and Digital ICs Group (MDG) | 886 | 859 | 623 | 3.2% | 42.2% |
Others | 4 | 4 | 3 | - | - |
Total Net Revenues | 3,016 | 3,235 | 2,231 | -6.8% | 35.2% |
Net revenues totaled $3.02 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 except the RF Communications (former “Digital”) sub-group. Year-over-year net sales to OEMs and Distribution increased 21.4% and 76.2%, respectively. On a sequential basis, net revenues decreased 6.8%, 270 basis points above the mid-point of the Company’s guidance. ADG and MDG reported increases in net revenues on a sequential basis while AMS decreased.