Slide 1: STMicroelectronics Q4 & FY 2025 Financial Results
STMicroelectronics Q4 & FY 2025 Financial Results January 29, 2026
Slide 2: Forward looking information
Forward looking information Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934
Slide 3: Highlights
Highlights • Net revenues came above the mid-point of our business outlook range, driven by higher revenues in Personal Electronics and, to a lesser extent, in CECP and Industrial, while Automotive was below expectations. Q4 • Gross margin of 35.2% was above the mid-point of our business outlook ran
Slide 4: Q4 2025 Business dynamics
Q4 2025 Business dynamics
Slide 5: On track for our key sustainability commitments
On track for our key sustainability commitments Carbon neutral* by 2027 Sourcing 100% renewable electricity by 2027 *on scope 1 & 2 and focusing on product transportation, business travel and employee commuting emissions for scope 3 5
Slide 6: Q4 2025 Revenues dynamics
Q4 2025 Revenues dynamics % by reportable segments % by end market RF & Optical Communications (RF&OC) Others Communications equipment & +22.9%Y/Y computer peripherals +30.5%Q/Q Analog products, +17%Y/Y MEMS and +23% Q/Q 0.1% Sensors (AM&S) 14% +7.5%Y/Y 16% Automotive +1.1% Q/Q -15%Y/Y +3% Q/Q 38% 4
Slide 7: Q4 2025 Revenues
Q4 2025 Revenues % by shipment location % by region of origin % by customer type Americas Asia Distribution 16% Top 10 Americas Pacific OEMs 27% 31% EMEA 20% Asia 44% 48% Pacific 64% 25% 25% Other EMEA OEMs 7
Slide 8: Q4 2025 Financial highlights
Q4 2025 Financial highlights Revenues = $3.33B Non-U.S. GAAP Operating Margin* = 8.0% 3.5 15% 3.0 10% 2.5 5% +0.2% Y/Y 2.0 0% Q424 Q325 Q425 Q424 Q325 Q425 Gross Margin = 35.2% Non-U.S. GAAP Net Income* = $100M 40% 400 300 35% 200 100 30% 0 Q424 Q325 Q425 Q424 Q325 Q425 *Non-U.S. GAAP measure. See A
Slide 9: Net operating expenses*
Net operating expenses* Q425 Net Operating Expenses = $906M 35% 1100 900 Q425 Combined SG&A and R&D at $965M 700 30% • 29.0% of revenues. 500 300 25% Q425 Net Operating Expenses at $906M 100 • 27.2% of revenues. -100 20% Q424 Q125 Q225 Q325 Q425 SG&A R&D OIE, net Net OPEX % Q126 Net Operating Expens
Slide 10: Q4 2025 Reportable segments results
Q4 2025 Reportable segments results Analog products, MEMS and Power and discrete products RF & Optical Communications Embedded Processing (EMP) Sensors (AM&S) (P&D) (RF&OC) Revenues = $1,449M Revenues = $412M Revenues = $1,015M Revenues = $449M Operating Margin = 16.2% Operating Margin = -30.2% Oper
Slide 11: FY 2025 Revenues dynamics
FY 2025 Revenues dynamics % by reportable segments % by end market RF & Optical Communications (RF&OC) Others Communications equipment & -4.9%Y/Y computer peripherals Analog products, +5%Y/Y MEMS and 0.1% Sensors (AM&S) 12% -6.3%Y/Y 15% Automotive -24%Y/Y 43% 39% 31% Personal electronics 25% Embedde
Slide 12: FY 2025 Revenues
FY 2025 Revenues % by shipment location % by region of origin % by customer type Americas Asia Distribution 16% Top 10 Americas Pacific OEMs 28% 31% Asia 43% 47% EMEA 21% 63% Pacific 26% 25% Other EMEA OEMs 12
Slide 13: FY 2025 Financial highlights
FY 2025 Financial highlights Revenues = $11.80B Non-U.S. GAAP Operating Margin* = 4.7% 15.0 20% 10.0 10% 5.0 0.0 0% FY24 FY25 FY24 FY25 Gross Margin = 33.9% Non-U.S. GAAP Net Income* = $486M 50% 2.0 1.5 25% 1.0 0.5 0% 0.0 FY24 FY25 FY24 FY25 13 *Non-U.S. GAAP measure. See Appendix for additional inf
Slide 14: FY 2025 Reportable segments results
FY 2025 Reportable segments results Analog products, MEMS and Power and discrete products RF & Optical Communications Embedded Processing (EMP) Sensors (AM&S) (P&D) (RF&OC) Revenues = $5,085M Revenues = $1,685M Revenues = $3,580M Revenues = $1,437M Operating Margin = 12.3% Operating Margin = -16.3%
Slide 15: FY 2025 Financial flexibility
FY 2025 Financial flexibility Net Cash From Operating Net Capex* = $1.79B Free Cash Flow* = $265M Activities = $2.15B 6.0 4.5 25% 2,000 Capex / sales (%) 4.5 1,500 3.0 20% 3.0 1,000 1.5 15% 1.5 500 0.0 0.0 10% 0 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Cash dividend
Slide 16: Solid capital structure
Solid capital structure $6.18B ST is in a very solid position from a capital, $4.78B $4.92B liquidity and balance sheet perspective. $2.95B $2.17B $3.23B $2.13B $2.61B $2.79B ST credit rating is BBB+ with Negative Outlook from S&P and Baa1 with Stable Outlook from Moody’s. Q424* Q325* Q425* Liquidit
Slide 17: Q1 2026 Outlook
Q1 2026 Outlook Net Revenues Q126 outlook, at the mid-point, is for net revenues of $3.04B, decreasing Q/Q by 8.7%, plus or minus 350 bps. Gross Margin Gross margin is expected to be about 33.7%, +/- 200 bps, incl. about 220 bps of unused capacity charges. Q126 will close on March 28, 2026. This out
Slide 18: FY 2026 Net Capex*
FY 2026 Net Capex* We plan to invest about $2.0 to $2.2B in Net Capex* *Non-U.S. GAAP measure. See Appendix for additional information explaining why the Company believes these measures are important. 18
Slide 19: Company-specific growth drivers
Company-specific growth drivers ADAS engaged customer programs Engaged customer programs in Silicon Carbide power devices sensors & analog MEMS & Imaging sensors Cloud optical interconnect and General purpose microcontrollers Power and Analog for data centers Humanoid robots Low-earth orbit (LEO) sa
Slide 20: Appendix
Appendix
Slide 21: Historical financial performance
Historical financial performance Effective Exchange Rate €/$ 1.09 1.08 1.08 1.09 1.08 1.06 1.09 1.14 1.14 1.11 U.S. GAAP Q124 Q224 Q324 Q424 FY24 Q125 Q225 Q325 Q425 FY25 US$M, except EPS Net Revenues 3,465 3,232 3,251 3,321 13,269 2,517 2,766 3,187 3,329 11,800 Gross Margin 41.7% 40.1% 37.8% 37.7%
Slide 22: Historical Revenues and Operating Margin by Product Groups and Reportable Segments
Historical Revenues and Operating Margin by Product Groups and Reportable Segments US$M Q124 Q224 Q324 Q424 FY24 Q125 Q225 Q325 Q425 FY25 Analog products, MEMS and Sensors (AM&S) 1,406 1,336 1,340 1,348 5,429 1,069 1,133 1,434 1,449 5,085 Revenue 17.5% 14.5% 16.1% 16.3% 16.1% 7.7% 7.5% 15.4% 16.2% 1
Slide 23: Appendix
Appendix • Net financial position and Adjusted Net Financial Position (non-U.S. GAAP measure): represents the difference between our total liquidity and our total financial debt. Our total liquidity includes cash and cash equivalents, restricted cash, if any, short-term deposits, and marketable secu
Slide 24: FY 2025 Reportable segment revenues by end market
FY 2025 Reportable segment revenues by end market Analog products, MEMS and Sensors (AM&S) Power and discrete products (P&D) 7% 2% 8% 40% 41% 36% 55% Automotive 11% Industrial Personal electronics Communications equipment Embedded Processing (EMP) RF & Optical Communications (RF&OC) & computer perip
Slide 25: © STMicroelectronics - All rights reserved.
© STMicroelectronics - All rights reserved. ST logo is a trademark or a registered trademark of STMicroelectronics International NV or its affiliates in the EU and/or other countries. For additional information about ST trademarks, please refer to www.st.com/trademarks. All other product or service