| Net Revenues By Product Group (US$ m) | Q4 2023 | Q3 2023 | Q4 2022 | Q/Q | Y/Y |
| Automotive and Discrete Group (ADG) | 2,060 | 2,025 | 1,696 | 1.7% | 21.5% |
| Analog, MEMS and Sensors Group (AMS) | 993 | 990 | 1,339 | 0.4% | -25.8% |
| Microcontrollers and Digital ICs Group (MDG) | 1,225 | 1,412 | 1,383 | -13.3% | -11.5% |
| Others | 4 | 4 | 6 | - | - |
| Total Net Revenues | $4,282 | 4,431 | 4,424 | -3.4% | -3.2% |
Net revenues totaled $4.28 billion, representing a year-over-year decrease of 3.2%. On a year-over-year basis, ADG revenues increased 21.5%, while AMS and MDG decreased 25.8% and 11.5% respectively. Year-over-year net sales to OEMs and Distribution decreased 0.4% and 9.2%, respectively. On a sequential basis, net revenues decreased 3.4%, 40 basis points lower than the mid-point of ST’s guidance. On a sequential basis, ADG reported an increase in net revenues, AMS was stable and MDG decreased.
