Thursday, October 25, 2018

Imaging Becomes ST Major Growth Engine

ST Q3 2018 earnings call depicts a dramatic growth in imaging business:

"Third quarter net revenues increased 18% year-over-year, on strong growth for Imaging, Power Discrete and Automotive products. On a sequential basis, ST's revenues increased 11.2%, 120 basis points above the midpoint of our guidance, on higher than expected sales of Imaging product.

During Q3, AMS revenues reached $899 million, an increase year-over-year of 36.7% on triple-digit growth in Imaging and growth in Analog and MEMS.

Now, let's move to our Q4 outlook. The key drivers of our sales growth sequentially will continue to come from Imaging, Automotive and Power Discrete... What we see moving from Q3 to Q4, the drivers in the revenue will be definitely our image sensor together with the Automotive and Power Discrete... Definitely, Imaging is driving our revenue.

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