Thursday, July 23, 2020

ST Reports Decline in Imaging Sales

SeekingAlpha publishes ST Q2 earnings call with updates on the company's imaging business:

"Net revenues were $2.09 billion, down 6.5% on a sequential basis. As expected, this was due to a decline in Automotive, Analog and Imaging products, partially offset by growth in Microcontrollers, Digital and Power Discrete.

Net revenues decreased 4% year-over-year with lower sales in Imaging, Automotive and MEMS, partially offset by higher sales in microcontrollers, digital, analog and power discrete.

AMS (Division] revenues decreased 10.1% with MEMS and Imaging lower while Analog sales were higher.

During the quarter, we also won sockets for our Global Shutter Automotive Imaging Solution for driver monitoring systems from two major OEMs. And this is an important step in our diversification strategy related to optical sensing solutions.

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