STMicroelectronics Reports 2021 First Quarter Financial Results

(1) Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.


First Quarter 2021 Summary Review

Net Revenues By Product Group (US$ m) Q1 2021 Q4 2020 Q1 2020 Q/Q Y/Y
Automotive and Discrete Group (ADG) 1,043 953 753 9.4% 38.4%
Analog, MEMS and Sensors Group (AMS) 1,083 1,419 852 -23.7% 27.1%
Microcontrollers and Digital ICs Group (MDG) 886 859 623 3.2% 42.2%
Others 4 4 3 - -
Total Net Revenues 3,016 3,235 2,231 -6.8% 35.2%

Net revenues totaled $3.02 billion, a year-over-year increase of 35.2%. On a year-over-year basis, the Company recorded higher net sales in all product groups except the RF Communications (former “Digital”) sub-group. Year-over-year net sales to OEMs and Distribution increased 21.4% and 76.2%, respectively. On a sequential basis, net revenues decreased 6.8%, 270 basis points above the mid-point of the Company’s guidance. ADG and MDG reported increases in net revenues on a sequential basis while AMS decreased.

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