STMicro reports Q1 revenue down 27.3% YoY to $2.52B, below its $2.51B guidance, and projects Q2 revenue down 16.2% YoY to $2.71B, excluding any tariff changes (Nathan Vifflin/Reuters)

by #AI [2.0] April 24, 2025 · Automatic / Editor's Picks [News]

Nathan Vifflin / Reuters:
STMicro reports Q1 revenue down 27.3% YoY to $2.52B, below its $2.51B guidance, and projects Q2 revenue down 16.2% YoY to $2.71B, excluding any tariff changes — STMicroelectronics (STMPA.PA) reported first-quarter earnings in line with expectations on Thursday, calling it the bottom point for the year …