• Q2 net revenues $4.33 billion; gross margin 49.0%; operating margin 26.5%; net income $1.00 billion

• H1 net revenues $8.57 billion; gross margin 49.3%; operating margin 27.4%; net income $2.05 billion

• Business outlook at mid-point: Q3 net revenues of $4.38 billion and gross margin of 47.5%

Geneva, July 27, 2023 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the second quarter ended July 1, 2023. This press release also contains non-U.S. GAAP measures (see Appendix for additional information).

ST reported second quarter net revenues of $4.33 billion, gross margin of 49.0%, operating margin of 26.5%, and net income of $1.00 billion or $1.06 diluted earnings per share.

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