- Q1 net revenues $4.25 billion; gross margin 49.7%;

  operating margin 28.3%; net income $1.04 billion

- Q1 free cash flow $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%

Geneva, April 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 first quarter ended April 1, 2023. This press release also contains non-U.S. GAAP measures (see Appendix for additional information).