Slide 1: STMicroelectronics Q3 2025 Financial Results
STMicroelectronics Q3 2025 Financial Results October 23, 2025
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 slightly above the mid-point of our business outlook range, with higher revenues in Personal Electronics, while Automotive and Industrial performed as anticipated, and CECP was broadly in line with expectations. All end-markets but Automotive are now back to year-on-year
Slide 4: Automotive
Automotive Car electrification Smart power Car digitalization Automotive sensors 4
Slide 5: Acquisition of NXP's MEMS sensor business
Acquisition of NXP’s MEMS sensor business Definitive transaction agreement for the acquisition of NXP’s MEMS sensor business for a purchase price of up to $950M in cash Complements and expands ST current leading MEMS sensors technology and product portfolio Subject to customary closing conditions, i
Slide 6: Industrial
Industrial 6
Slide 7: Personal electronics
Personal electronics 7
Slide 8: New license agreement with Metalenz
New license agreement with Metalenz Broadens our capability to produce advanced metasurface optics, leveraging ST’s 300mm semiconductor and optics manufacturing Enables new opportunities from smartphone applications like biometrics, LIDAR and camera assist, to robotics, gesture recognition, and obje
Slide 9: Communications Equipment and Computer Peripherals: AI data centers
Communications Equipment and Computer Peripherals AI data centers Cooperation with Nvidia for 800V DC AI data centers completed full-power testing on a prototype GaN-based solution, successfully demonstrating over 98% energy conversion efficiency 9
Slide 10: Communications Equipment and Computer Peripherals: Low earth orbit satellites
Communications Equipment and Computer Peripherals Low earth orbit satellites BiCMOS technologies Panel level packaging (PLP) manufacturing 10
Slide 11: Q3 2025 Revenues dynamic
Q3 2025 Revenues dynamic % by reportable segments % by end market RF & Optical Communications (RF&OC) Others Communications equipment & -3.4%Y/Y computer peripherals +2.4%Q/Q Analog products, +7%Y/Y MEMS and +4% Q/Q 0.1% Sensors (AM&S) 11% +7.0%Y/Y 13% Automotive +26.6% Q/Q -17%Y/Y Personal +10% Q/Q
Slide 12: Q3 2025 Financial highlights
Q3 2025 Financial highlights Revenues = $3.19B Non-U.S. GAAP Operating Margin* = 6.8% 3.5 15% 3.0 10% 2.5 5% -2.0% Y/Y 2.0 0% Q324 Q225 Q325 Q324 Q225 Q325 Gross Margin = 33.2% Non-U.S. GAAP Net Income* = $267M 40% 400 300 35% 200 100 30% 0 Q324 Q225 Q325 Q324 Q225 Q325 *Non-U.S. GAAP measure. See A
Slide 13: Q3 2025 Financial flexibility
Q3 2025 Financial flexibility Net Cash From Operating Net Capex* = $401M Free Cash Flow* = $130M Activities = $549M 800 800 30% 200 Capex / sales (%) 600 600 25% 100 400 400 20% 0 200 200 15% -100 0 0 10% -200 Q324 Q424 Q125 Q225 Q325 Q324 Q424 Q125 Q225 Q325 Q324 Q424 Q125 Q225 Q325 Cash dividends
Slide 14: Solid capital structure
Solid capital structure $6.30B $5.63B ST is in a very solid position from a capital, $4.78B liquidity and balance sheet perspective. $3.12B $2.96B $3.18B $2.17B $2.67B $2.61B ST credit rating is BBB+ with Stable Outlook from S&P and Baa1 with Stable Outlook from Moody’s. Q324* Q225* Q325* Liquidity
Slide 15: Q4 2025 Outlook
Q4 2025 Outlook Net Revenues Q425 outlook, at the mid-point, is for net revenues of $3.28B, increasing Q/Q by 2.9%, plus or minus 350 bps. Gross Margin Gross margin is expected to be about 35%, +/- 200 bps, incl. about 290 bps of unused capacity charges. Q425 will close on December 31, 2025. This ou
Slide 16: FY 2025
FY 2025 The mid-point of Q4 outlook translates into FY25 revenues of about $11.75B. This represents a 22.4% growth in the second half compared to the first half, confirming signs of market recovery. Gross margin for the full year is expected to be about 33.8%. To optimize our investments in the curr
Slide 17: Takeaways
Takeaways In Q4 we expect to report further Q/Q revenue improvement, with revenues now broadly stabilized on a Y/Y basis, as well as an increased gross margin, while continuing to decrease inventories in distribution. We are on the right path to improving our gross margin in the medium-term through
Slide 18: Question & answer session
Question & answer session
Slide 19: © 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. www.st.com/trademarks For additional information about ST trademarks, please refer to www.st.com/trademarks. All oth