Stmicroelectronics N V SEC Filings

STMicroelectronics reports a sharp slowdown for the year ended December 31, 2025. Net revenues fell to $11,800 million from $13,269 million, while net income dropped to $180 million from $1,565 million, reflecting weaker demand and higher charges.

Operating income declined to $175 million versus $1,676 million, hurt by a $376 million impairment, restructuring and related phase‑out costs. Basic earnings per share slid to $0.19 from $1.73, highlighting how strongly profitability contracted despite still-solid gross profit and ongoing R&D and SG&A spending.

The company remains sizable, with total assets of $24,800 million and parent stockholders’ equity of $17,828 million, supporting a low debt‑to‑equity ratio of 0.12. ST maintained its annual dividend at $0.360 per share and generated net cash from operating activities of $2,152 million, but capital expenditures stayed high at $1,844 million. Extensive risk disclosures emphasize semiconductor cyclicality, trade and tariff pressures, supply chain constraints, cybersecurity and AI‑related risks, climate and sustainability commitments, and customer concentration, including a major revenue share from Apple.

STMicroelectronics is expanding its strategic collaboration with Amazon Web Services under a multi-year, multi-billion USD commercial engagement across several semiconductor product categories. ST becomes a strategic supplier of advanced chips that AWS will integrate into its high-performance compute infrastructure for cloud and AI data centers.

The agreement covers high-bandwidth connectivity, mixed-signal processing, advanced microcontrollers, and power ICs aimed at improving energy efficiency and total cost of ownership in hyperscale data centers. To align incentives, ST has issued warrants to AWS for up to 24.8 million ordinary shares, exercisable over seven years at an initial price of $28.38, with vesting largely tied to AWS spending on ST products and services.

STMicroelectronics is expanding its strategic collaboration with Amazon Web Services under a multi-year, multi-billion USD commercial engagement across several semiconductor product categories. ST becomes a strategic supplier of advanced chips that AWS will integrate into its high-performance compute infrastructure for cloud and AI data centers.

The agreement covers high-bandwidth connectivity, mixed-signal processing, advanced microcontrollers, and power ICs aimed at improving energy efficiency and total cost of ownership in hyperscale data centers. To align incentives, ST has issued warrants to AWS for up to 24.8 million ordinary shares, exercisable over seven years at an initial price of $28.38, with vesting largely tied to AWS spending on ST products and services.

STMicroelectronics has completed the acquisition of NXP Semiconductors’ MEMS sensors business, strengthening its position in automotive safety and expanding its leadership in sensors for automotive and industrial markets. The deal, announced in July 2025 and now fully approved by regulators, broadens ST’s global sensor capabilities.

Based on its initial assessment, STMicroelectronics expects the acquired MEMS business to contribute revenues in the mid-forties million dollars range in the first quarter of 2026, adding a new stream of sensor sales to its existing semiconductor portfolio.

STMicroelectronics has completed the acquisition of NXP Semiconductors’ MEMS sensors business, strengthening its position in automotive safety and expanding its leadership in sensors for automotive and industrial markets. The deal, announced in July 2025 and now fully approved by regulators, broadens ST’s global sensor capabilities.

Based on its initial assessment, STMicroelectronics expects the acquired MEMS business to contribute revenues in the mid-forties million dollars range in the first quarter of 2026, adding a new stream of sensor sales to its existing semiconductor portfolio.

STMicroelectronics reported mixed 2025 results, with a weak year but signs of stabilization in the fourth quarter. Q4 net revenues were $3.33 billion, up 0.2% year over year, with gross margin at 35.2%. However, operating income dropped to $125 million from $369 million and the company posted a net loss of $30 million, mainly due to $141 million of impairment and restructuring costs and one-time non‑cash tax expenses.

For full-year 2025, net revenues fell 11.1% to $11.80 billion, gross margin declined to 33.9%, and operating income plunged to $175 million from $1.68 billion. Net income dropped to $166 million from $1.56 billion, reflecting weaker industry conditions and significant restructuring. On a non‑GAAP basis, 2025 operating income was $551 million and net income $486 million.

Cash generation remained solid: 2025 net cash from operating activities was $2.15 billion and free cash flow was $265 million, after $1.79 billion in net capex. The company ended 2025 with a strong net financial position of $2.79 billion and continued dividends and share buybacks. For Q1 2026, ST guides to net revenues of $3.04 billion and gross margin of 33.7%, assuming continued restructuring and unused capacity charges.

STMicroelectronics reported mixed 2025 results, with a weak year but signs of stabilization in the fourth quarter. Q4 net revenues were $3.33 billion, up 0.2% year over year, with gross margin at 35.2%. However, operating income dropped to $125 million from $369 million and the company posted a net loss of $30 million, mainly due to $141 million of impairment and restructuring costs and one-time non‑cash tax expenses.

For full-year 2025, net revenues fell 11.1% to $11.80 billion, gross margin declined to 33.9%, and operating income plunged to $175 million from $1.68 billion. Net income dropped to $166 million from $1.56 billion, reflecting weaker industry conditions and significant restructuring. On a non‑GAAP basis, 2025 operating income was $551 million and net income $486 million.

Cash generation remained solid: 2025 net cash from operating activities was $2.15 billion and free cash flow was $265 million, after $1.79 billion in net capex. The company ended 2025 with a strong net financial position of $2.79 billion and continued dividends and share buybacks. For Q1 2026, ST guides to net revenues of $3.04 billion and gross margin of 33.7%, assuming continued restructuring and unused capacity charges.

STMicroelectronics N.V. reported that shareholders approved all resolutions at its Extraordinary General Meeting held in Amsterdam. The meeting confirmed the appointment of Armando Varricchio as a member of the Supervisory Board, with his term expiring at the end of the 2028 Annual General Meeting, and the appointment of Orio Bellezza as a Supervisory Board member with the same term.

The company describes itself as a global semiconductor leader with about 50,000 creators and makers, serving more than 200,000 customers and partners. It highlights ongoing plans to be carbon neutral in key emissions categories and to reach 100% renewable electricity sourcing by the end of 2027.

STMicroelectronics N.V. reported that shareholders approved all resolutions at its Extraordinary General Meeting held in Amsterdam. The meeting confirmed the appointment of Armando Varricchio as a member of the Supervisory Board, with his term expiring at the end of the 2028 Annual General Meeting, and the appointment of Orio Bellezza as a Supervisory Board member with the same term.

The company describes itself as a global semiconductor leader with about 50,000 creators and makers, serving more than 200,000 customers and partners. It highlights ongoing plans to be carbon neutral in key emissions categories and to reach 100% renewable electricity sourcing by the end of 2027.

STMicroelectronics N.V. reports that the European Investment Bank has signed a €500 million financing agreement as the first tranche of a broader €1 billion credit line in favour of the company. The funding is intended to support ST’s investment programme in innovative semiconductor technologies and devices in Italy and France, where it operates both research and development and high-volume manufacturing.

About 60% of the agreement targets high-volume manufacturing capabilities at key sites including Catania, Agrate and Crolles, while 40% is focused on R&D. The new agreement is the ninth between the EIB and ST and brings total financing from the EIB to approximately €4.2 billion, underlining long-running support for Europe’s semiconductor ecosystem and strategic autonomy.

STMicroelectronics N.V. reports that the European Investment Bank has signed a €500 million financing agreement as the first tranche of a broader €1 billion credit line in favour of the company. The funding is intended to support ST’s investment programme in innovative semiconductor technologies and devices in Italy and France, where it operates both research and development and high-volume manufacturing.

About 60% of the agreement targets high-volume manufacturing capabilities at key sites including Catania, Agrate and Crolles, while 40% is focused on R&D. The new agreement is the ninth between the EIB and ST and brings total financing from the EIB to approximately €4.2 billion, underlining long-running support for Europe’s semiconductor ecosystem and strategic autonomy.

STMicroelectronics N.V. reports the latest trades under its ongoing share repurchase program, with a broker buying 206,478 ordinary shares between November 21 and November 25, 2025. These shares equal about 0.02% of its issued share capital and were purchased at a weighted average price of EUR 19.1345 per share, for a total of EUR 3,950,859.05. The stated purpose is to meet obligations for employee and management share option and share allocation plans under EU Market Abuse Regulation rules.

After these buybacks, STMicroelectronics holds 22,535,661 treasury shares, representing approximately 2.5% of its issued share capital. The company notes that shares not needed for employee-related programs may be used for any other lawful purpose allowed under the regulation.

STMicroelectronics N.V. reports the latest trades under its ongoing share repurchase program, with a broker buying 206,478 ordinary shares between November 21 and November 25, 2025. These shares equal about 0.02% of its issued share capital and were purchased at a weighted average price of EUR 19.1345 per share, for a total of EUR 3,950,859.05. The stated purpose is to meet obligations for employee and management share option and share allocation plans under EU Market Abuse Regulation rules.

After these buybacks, STMicroelectronics holds 22,535,661 treasury shares, representing approximately 2.5% of its issued share capital. The company notes that shares not needed for employee-related programs may be used for any other lawful purpose allowed under the regulation.

STMicroelectronics N.V. reported the latest tranche of its ongoing share buy-back program, covering purchases made between November 10 and November 14, 2025. During this period, the company repurchased 459,424 ordinary shares, equal to 0.05% of its issued share capital, at a weighted average price of EUR 20.4957 per share, for a total of EUR 9,416,236.25, all on Euronext Paris. The repurchased shares are intended primarily to meet obligations under employee and management share-based programs, but may also be used for other lawful purposes. After these transactions, STMicroelectronics holds 21,687,248 treasury shares, representing about 2.4% of its issued share capital.

STMicroelectronics N.V. reported the latest tranche of its ongoing share buy-back program, covering purchases made between November 10 and November 14, 2025. During this period, the company repurchased 459,424 ordinary shares, equal to 0.05% of its issued share capital, at a weighted average price of EUR 20.4957 per share, for a total of EUR 9,416,236.25, all on Euronext Paris. The repurchased shares are intended primarily to meet obligations under employee and management share-based programs, but may also be used for other lawful purposes. After these transactions, STMicroelectronics holds 21,687,248 treasury shares, representing about 2.4% of its issued share capital.

STMicroelectronics reported weekly activity in its ongoing share repurchase program. Between November 3–7, 2025, the company bought 560,000 ordinary shares on Euronext Paris, equal to 0.06% of issued share capital, at a weighted average price of EUR 20.7751, for a total of EUR 11,634,070.50. Following these purchases, STMicroelectronics holds 21,227,824 treasury shares, representing about 2.3% of issued share capital. The stated purpose is to meet obligations from employee and management share programs under the EU Market Abuse Regulation; shares may be held in treasury and, if not needed for that purpose, used for other lawful purposes.

STMicroelectronics reported weekly activity in its ongoing share repurchase program. Between November 3–7, 2025, the company bought 560,000 ordinary shares on Euronext Paris, equal to 0.06% of issued share capital, at a weighted average price of EUR 20.7751, for a total of EUR 11,634,070.50. Following these purchases, STMicroelectronics holds 21,227,824 treasury shares, representing about 2.3% of issued share capital. The stated purpose is to meet obligations from employee and management share programs under the EU Market Abuse Regulation; shares may be held in treasury and, if not needed for that purpose, used for other lawful purposes.

STMicroelectronics reported Q3 2025 net revenues of $3,187 million, up 15.2% sequentially and down 2.0% year over year. Gross margin was 33.2%, down 30 bps sequentially and 460 bps year over year. Operating income reached $180 million, reversing a prior-quarter loss, while net income was $237 million with diluted EPS of $0.26. On a non‑U.S. GAAP basis, operating income was $217 million and EPS was $0.29.

Sequentially, AM&S grew 26.6%, EMP rose 15.3%, RF&OC increased 2.4%, while P&D declined 4.3%. Free cash flow was positive at $130 million. The company recorded $37 million in impairment and restructuring charges tied to a program targeting $300–360 million in annual cost savings exiting 2027. Net financial position was $2,610 million.

For Q4 2025, the company expects revenue to increase approximately 2.9% sequentially, plus or minus 350 bps, and gross margin of about 35%, plus or minus 200 bps.

STMicroelectronics reported Q3 2025 net revenues of $3,187 million, up 15.2% sequentially and down 2.0% year over year. Gross margin was 33.2%, down 30 bps sequentially and 460 bps year over year. Operating income reached $180 million, reversing a prior-quarter loss, while net income was $237 million with diluted EPS of $0.26. On a non‑U.S. GAAP basis, operating income was $217 million and EPS was $0.29.

Sequentially, AM&S grew 26.6%, EMP rose 15.3%, RF&OC increased 2.4%, while P&D declined 4.3%. Free cash flow was positive at $130 million. The company recorded $37 million in impairment and restructuring charges tied to a program targeting $300–360 million in annual cost savings exiting 2027. Net financial position was $2,610 million.

For Q4 2025, the company expects revenue to increase approximately 2.9% sequentially, plus or minus 350 bps, and gross margin of about 35%, plus or minus 200 bps.