Second Quarter 2019 Summary Review
Net Revenues By Product Group (US$ m) | Q2 2019 | Q1 2019 | Q2 2018 | Q/Q | Y/Y |
Automotive and Discrete Group (ADG) | $885 | $903 | $870 | (2.1)% | 1.7% |
Analog, MEMS and Sensors Group (AMS) | $694 | $552 | $613 | 25.7% | 13.2% |
Microcontrollers and Digital ICs Group (MDG) | $591 | $617 | $782 | (4.2)% | (24.4)% |
Others | $3 | $4 | $4 | - | - |
Total Net Revenues | $2,173 | $2,076 | $2,269 | 4.7% | (4.2)% |
Net revenues totaled $2.17 billion. On a sequential basis revenues increased 4.7%, 230 basis points better than the mid-point of the Company’s guidance. On a year-over-year basis, second quarter net revenues decreased 4.2% as the Company recorded lower sales in Analog, Microcontrollers and Digital ICs, partially offset by growth in Automotive and Power Discrete, MEMS and Sensors. On a year-over-year basis, sales to OEMs increased 10.3%, while Distribution decreased 27.0% due to the ongoing inventory correction.