(b) Q1 and Q2 2022 diluted earnings per share includes the full dilutive effect of our outstanding convertible debt upon adoption on January 1, 2022 of the new U.S. GAAP reporting guidance. Prior periods have not been restated.
Second Quarter 202 2 Summary Review
| Net Revenues By Product Group (US$ m) | Q 2 202 2 | Q 1 202 2 | Q 2 20 2 1 | Q/Q | Y/Y |
| Automotive and Discrete Group (ADG) | 1,454 | 1,256 | 1,077 | 15.8% | 35.1% |
| Analog, MEMS and Sensors Group (AMS) | 1,127 | 1,087 | 1,013 | 3.7% | 11.3% |
| Microcontrollers and Digital ICs Group (MDG) | 1,251 | 1,198 | 897 | 4.4% | 39.5% |
| Others | 5 | 5 | 5 | - | - |
| Total Net Revenues | 3,837 | 3,546 | 2,992 | 8.2 % | 28.3 % |
Net revenues totaled $3.84 billion, a year-over-year increase of 28.3%. On a year-over-year basis, the Company recorded higher net sales in its product groups and all sub-groups. Year-over-year net sales to OEMs and Distribution increased 31.7% and 22.2%, respectively. On a sequential basis, net revenues increased 8.2%, 240 basis points above the mid-point of the Company’s guidance. All product groups reported increases in net revenues on a sequential basis.
