Thursday, July 27, 2023

Franco-Italian chipmaker STMicro reports Q2 revenue up 13% YoY to $4.33B, beating estimates of $4.29B, and inventory rose to 126 days, up from 104 in Q2 2022 (Benoit Berthelot/Bloomberg)

Benoit Berthelot / Bloomberg:
Franco-Italian chipmaker STMicro reports Q2 revenue up 13% YoY to $4.33B, beating estimates of $4.29B, and inventory rose to 126 days, up from 104 in Q2 2022  —  - Revenue revenue rose 13% to $4.33 billion in second quarter  — Inventory rose to 126 days at the end of the quarter



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