STMicroelectronics Reports 2023 First Quarter Financial Results

• Q1 net revenues $4.25 billion; gross margin 49.7%; operating margin 28.3%; net income $1.04 billion
• Q1 free cash flow¹ $206 million after net capital expenditure payments of $1.09 billion
• Business outlook at mid-point: Q2 net revenues of $4.28 billion and gross margin of 49.0%

The press release is available as a PDF here.