STMicroelectronics Reports 2021 Third Quarter Financial Results

Thir d Quarter 202 1 Summary Review

Net Revenues By Product Group (US$ m) Q 3 202 1 Q 2 202 1 Q 3 20 20 Q/Q Y/Y
Automotive and Discrete Group (ADG)1,0051,077851-6.7%18.1%
Analog, MEMS and Sensors Group (AMS)1,2681,01399725.2%27.1%
Microcontrollers and Digital ICs Group (MDG) 9208978152.6%12.9%
Others 453--
Total Net Revenues 3,197 2,992 2,666 6.9 % 19.9 %

Net revenues totaled $3.20 billion, a year-over-year increase of 19.9%. On a year-over-year basis, the Company recorded higher net sales in all product groups except the RF Communications sub-group. Year-over-year net sales to OEMs and Distribution increased 9.9% and 48.6%, respectively. On a sequential basis, net revenues increased 6.9%, substantially in line with the mid-point of the Company’s guidance. AMS and MDG reported increases in net revenues on a sequential basis while ADG decreased, caused by more severe than anticipated reduced operations at our Malaysian manufacturing facility due to the pandemic.

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