Reminder: On January 10, 2024, ST announced a new organization which implied a change in segment reporting starting Q1 2024. Comparative periods have been adjusted accordingly. See Appendix for more detail.
| Net Revenues by Reportable Segment (US$ m) | Q2 2024 | Q1 2024 | Q2 2023 | Q/Q | Y/Y |
| Analog products, MEMS and Sensors (AM&S) segment | 1,165 | 1,217 | 1,293 | -4.3% | -10.0% |
| Power and discrete products (P&D) segment | 747 | 820 | 989 | -8.8% | -24.4% |
| Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group | 1,912 | 2,037 | 2,282 | -6.1% | -16.2% |
| Microcontrollers (MCU) segment | 800 | 950 | 1,482 | -15.7% | -46.0% |
| Digital ICs and RF Products (D&RF) segment | 516 | 475 | 558 | 8.6% | -7.6% |
| Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group | 1,316 | 1,425 | 2,040 | -7.6% | -35.5% |
| Others | 4 | 3 | 4 | - | - |
| Total Net Revenues | 3,232 | 3,465 | 4,326 | -6.7% | -25.3% |
Net revenues totaled $3.23 billion, representing a year-over-year decrease of 25.3%. Year-over-year net sales to OEMs and Distribution decreased 14.9% and 43.7%, respectively. On a sequential basis, net revenues decreased 6.7%, 90 basis points better than the mid-point of ST’s guidance.
