STMicroelectronics Q2 2016 Earnings Report

STMicroelectronics reported Q2 2016 net revenues of $1.70 billion with 33.9% gross margin, showing sequential growth of 5.6% and continued strength in automotive and microcontroller segments. The semiconductor company achieved free cash flow of $47 million in Q2 and $78 million in the first half, while progressing toward return to year-over-year sales growth in the second half of 2016.