[6-K] STMicroelectronics N.V. Current Report (Foreign Issuer)
Ameris Bancorp (ABCB) filed a Form 144 indicating an insider鈥檚 intent to sell up to 1,786 common shares through Citigroup Global Markets on or after 24 Jul 2025. The aggregate market value of the planned sale is listed at $117,876, implying a reference price of roughly $66.00 per share.
The shares derive from restricted-stock vesting received directly from the company; no cash purchase was involved. Relative to the 68.9 million shares outstanding, the proposed sale represents only about 0.003 % of the float, signalling an immaterial dilution or ownership change. The filer affirms possession of no undisclosed material adverse information as required under Rule 144.
Ameris Bancorp (ABCB) ha presentato un Modulo 144 indicando l'intenzione di un insider di vendere fino a 1.786 azioni ordinarie tramite Citigroup Global Markets a partire dal 24 luglio 2025. Il valore di mercato complessivo della vendita prevista 猫 stimato in 117.876 $, con un prezzo di riferimento di circa 66,00 $ per azione.
Le azioni provengono da un vesting di azioni vincolate ricevute direttamente dalla societ脿; non 猫 stato effettuato alcun acquisto in contanti. Rispetto alle 68,9 milioni di azioni in circolazione, la vendita proposta rappresenta solo circa lo 0,003% del flottante, indicando una diluizione o modifica della propriet脿 irrilevante. Il dichiarante conferma di non possedere informazioni materiali riservate non divulgate come richiesto dalla Regola 144.
Ameris Bancorp (ABCB) present贸 un Formulario 144 indicando la intenci贸n de un insider de vender hasta 1,786 acciones comunes a trav茅s de Citigroup Global Markets a partir del 24 de julio de 2025. El valor de mercado total de la venta planificada se sit煤a en $117,876, lo que implica un precio de referencia de aproximadamente $66.00 por acci贸n.
Las acciones provienen de un vesting de acciones restringidas recibido directamente de la empresa; no hubo compra en efectivo. En relaci贸n con las 68.9 millones de acciones en circulaci贸n, la venta propuesta representa solo alrededor del 0.003% del flotante, se帽alando una diluci贸n o cambio de propiedad insignificante. El declarante afirma no poseer informaci贸n material adversa no divulgada seg煤n lo requerido por la Regla 144.
Ameris Bancorp (ABCB)電� 雮措秬鞛愱皜 2025雲� 7鞗� 24鞚� 鞚错泟 Citigroup Global Markets毳� 韱淀暣 斓滊寑 1,786 氤错喌欤�毳� 毵る弰頃� 鞚橃偓毳� 雮橅儉雮措姅 Form 144毳� 鞝滌稖頄堨姷雼堧嫟. 鞓堨爼霅� 毵る弰鞚� 齑� 鞁滌灔 臧�旃橂姅 $117,876搿�, 欤茧嫻 鞎� $66.00鞚� 旮办 臧�瓴╈潉 鞚橂頃╇媹雼�.
頃措嫻 欤检嫕鞚� 須岇偓搿滊秬韯� 歆侅爲 氚涭潃 鞝滍暅 欤检嫕 氩犾姢韺�鞐愳劀 雮橃槰 瓴冹溂搿�, 順勱笀 甑Г電� 韽暔霅橃 鞎婌晿鞀惦媹雼�. 齑� 6,890毵� 欤�鞚� 氚滍枆 欤检嫕 雽�牍� 鞝滌晥霅� 毵る弰電� 鞙犿喌 欤检嫕鞚� 鞎� 0.003%鞐� 攵堦臣頃橃棳 鞁れ鞝侅澑 頋劃鞚措倶 靻岇湢甓� 氤�瓴届澊 鞎勲嫎鞚� 雮橅儉雰呺媹雼�. 鞝滌稖鞛愲姅 Rule 144鞐� 霐半澕 瓿店皽霅橃 鞎婌潃 欷戩殧頃� 攵堧Μ頃� 鞝曤炒毳� 氤挫湢頃橃 鞎婌晿鞚岇潉 頇曥澑頃╇媹雼�.
Ameris Bancorp (ABCB) a d茅pos茅 un formulaire 144 indiquant l'intention d'un initi茅 de vendre jusqu'脿 1 786 actions ordinaires via Citigroup Global Markets 脿 partir du 24 juillet 2025. La valeur marchande totale de la vente pr茅vue est estim茅e 脿 117 876 $, ce qui implique un prix de r茅f茅rence d'environ 66,00 $ par action.
Les actions proviennent d'un vesting d'actions restreintes re莽u directement de la soci茅t茅 ; aucun achat en esp猫ces n'a 茅t茅 r茅alis茅. Par rapport aux 68,9 millions d'actions en circulation, la vente propos茅e ne repr茅sente qu'environ 0,003 % du flottant, signalant une dilution ou un changement de propri茅t茅 n茅gligeable. Le d茅clarant affirme ne poss茅der aucune information d茅favorable mat茅rielle non divulgu茅e, conform茅ment 脿 la r猫gle 144.
Ameris Bancorp (ABCB) reichte ein Formular 144 ein, das die Absicht eines Insiders anzeigt, bis zu 1.786 Stammaktien 眉ber Citigroup Global Markets am oder nach dem 24. Juli 2025 zu verkaufen. Der Gesamtmarktwert des geplanten Verkaufs wird mit 117.876 $ angegeben, was einem Referenzpreis von etwa 66,00 $ pro Aktie entspricht.
Die Aktien stammen aus einer direkt vom Unternehmen erhaltenen Restricted-Stock-Vesting; es war kein Barkauf beteiligt. Im Verh盲ltnis zu den 68,9 Millionen ausstehenden Aktien stellt der geplante Verkauf nur etwa 0,003 % des Streubesitzes dar, was auf eine unwesentliche Verw盲sserung oder Eigentums盲nderung hinweist. Der Einreicher best盲tigt, keine nicht offengelegten wesentlichen nachteiligen Informationen gem盲脽 Regel 144 zu besitzen.
- None.
- None.
Insights
TL;DR: Insider plans tiny $118k sale (<0.003% float); no material impact.
The Form 144 discloses a routine disposition of 1,786 vested restricted shares. At barely three-thousandths of the share count, the transaction is financially insignificant and unlikely to influence ABCB鈥檚 liquidity, control structure, or stock price. Filing meets Rule 144 transparency standards; no red flags on undisclosed information. Overall market impact is neutral.
Ameris Bancorp (ABCB) ha presentato un Modulo 144 indicando l'intenzione di un insider di vendere fino a 1.786 azioni ordinarie tramite Citigroup Global Markets a partire dal 24 luglio 2025. Il valore di mercato complessivo della vendita prevista 猫 stimato in 117.876 $, con un prezzo di riferimento di circa 66,00 $ per azione.
Le azioni provengono da un vesting di azioni vincolate ricevute direttamente dalla societ脿; non 猫 stato effettuato alcun acquisto in contanti. Rispetto alle 68,9 milioni di azioni in circolazione, la vendita proposta rappresenta solo circa lo 0,003% del flottante, indicando una diluizione o modifica della propriet脿 irrilevante. Il dichiarante conferma di non possedere informazioni materiali riservate non divulgate come richiesto dalla Regola 144.
Ameris Bancorp (ABCB) present贸 un Formulario 144 indicando la intenci贸n de un insider de vender hasta 1,786 acciones comunes a trav茅s de Citigroup Global Markets a partir del 24 de julio de 2025. El valor de mercado total de la venta planificada se sit煤a en $117,876, lo que implica un precio de referencia de aproximadamente $66.00 por acci贸n.
Las acciones provienen de un vesting de acciones restringidas recibido directamente de la empresa; no hubo compra en efectivo. En relaci贸n con las 68.9 millones de acciones en circulaci贸n, la venta propuesta representa solo alrededor del 0.003% del flotante, se帽alando una diluci贸n o cambio de propiedad insignificante. El declarante afirma no poseer informaci贸n material adversa no divulgada seg煤n lo requerido por la Regla 144.
Ameris Bancorp (ABCB)電� 雮措秬鞛愱皜 2025雲� 7鞗� 24鞚� 鞚错泟 Citigroup Global Markets毳� 韱淀暣 斓滊寑 1,786 氤错喌欤�毳� 毵る弰頃� 鞚橃偓毳� 雮橅儉雮措姅 Form 144毳� 鞝滌稖頄堨姷雼堧嫟. 鞓堨爼霅� 毵る弰鞚� 齑� 鞁滌灔 臧�旃橂姅 $117,876搿�, 欤茧嫻 鞎� $66.00鞚� 旮办 臧�瓴╈潉 鞚橂頃╇媹雼�.
頃措嫻 欤检嫕鞚� 須岇偓搿滊秬韯� 歆侅爲 氚涭潃 鞝滍暅 欤检嫕 氩犾姢韺�鞐愳劀 雮橃槰 瓴冹溂搿�, 順勱笀 甑Г電� 韽暔霅橃 鞎婌晿鞀惦媹雼�. 齑� 6,890毵� 欤�鞚� 氚滍枆 欤检嫕 雽�牍� 鞝滌晥霅� 毵る弰電� 鞙犿喌 欤检嫕鞚� 鞎� 0.003%鞐� 攵堦臣頃橃棳 鞁れ鞝侅澑 頋劃鞚措倶 靻岇湢甓� 氤�瓴届澊 鞎勲嫎鞚� 雮橅儉雰呺媹雼�. 鞝滌稖鞛愲姅 Rule 144鞐� 霐半澕 瓿店皽霅橃 鞎婌潃 欷戩殧頃� 攵堧Μ頃� 鞝曤炒毳� 氤挫湢頃橃 鞎婌晿鞚岇潉 頇曥澑頃╇媹雼�.
Ameris Bancorp (ABCB) a d茅pos茅 un formulaire 144 indiquant l'intention d'un initi茅 de vendre jusqu'脿 1 786 actions ordinaires via Citigroup Global Markets 脿 partir du 24 juillet 2025. La valeur marchande totale de la vente pr茅vue est estim茅e 脿 117 876 $, ce qui implique un prix de r茅f茅rence d'environ 66,00 $ par action.
Les actions proviennent d'un vesting d'actions restreintes re莽u directement de la soci茅t茅 ; aucun achat en esp猫ces n'a 茅t茅 r茅alis茅. Par rapport aux 68,9 millions d'actions en circulation, la vente propos茅e ne repr茅sente qu'environ 0,003 % du flottant, signalant une dilution ou un changement de propri茅t茅 n茅gligeable. Le d茅clarant affirme ne poss茅der aucune information d茅favorable mat茅rielle non divulgu茅e, conform茅ment 脿 la r猫gle 144.
Ameris Bancorp (ABCB) reichte ein Formular 144 ein, das die Absicht eines Insiders anzeigt, bis zu 1.786 Stammaktien 眉ber Citigroup Global Markets am oder nach dem 24. Juli 2025 zu verkaufen. Der Gesamtmarktwert des geplanten Verkaufs wird mit 117.876 $ angegeben, was einem Referenzpreis von etwa 66,00 $ pro Aktie entspricht.
Die Aktien stammen aus einer direkt vom Unternehmen erhaltenen Restricted-Stock-Vesting; es war kein Barkauf beteiligt. Im Verh盲ltnis zu den 68,9 Millionen ausstehenden Aktien stellt der geplante Verkauf nur etwa 0,003 % des Streubesitzes dar, was auf eine unwesentliche Verw盲sserung oder Eigentums盲nderung hinweist. Der Einreicher best盲tigt, keine nicht offengelegten wesentlichen nachteiligen Informationen gem盲脽 Regel 144 zu besitzen.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2025
Commission File Number: 1-13546
STMicroelectronics N.V.
(Name of Registrant)
WTC Schiphol Airport
Schiphol Boulevard 265
1118 BH Schiphol Airport
The Netherlands
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F o
Enclosure: A press release dated July 24, 2025, announcing STMicroelectronics’ 2025 Second Quarter Financial Results.
PR No: C3349C
STMicroelectronics Reports 2025 Second Quarter Financial Results
| · | Q2 net revenues $2.77 billion; gross margin 33.5%; operating loss of $133 million, including $190 million related to impairment, restructuring charges and other related phase-out costs; net loss of $97 million |
| · | H1 net revenues $5.28 billion; gross margin 33.5%; operating loss of $130 million, including $198 million related to impairment, restructuring charges and other related phase-out costs; net loss of $41 million |
| · | Business outlook at mid-point: Q3 net revenues of $3.17 billion and gross margin of 33.5% |
Geneva, July 24, 2025 – STMicroelectronics N.V. (“ST”) (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the second quarter ended June 28, 2025. This press release also contains non-U.S. GAAP measures (see Appendix for additional information).
ST reported second quarter net revenues of $2.77 billion, gross margin of 33.5%, operating loss of $133 million, and net loss of $97 million or -$0.11 diluted earnings per share (non-U.S. GAAP1 operating income of $57 million, and non-U.S. GAAP1 net income of $57 million or $0.06 diluted earnings per share).
Jean-Marc Chery, ST President & CEO, commented:
| · | “Q2 net revenues came above the mid-point of our business outlook range, driven by higher revenues in Personal Electronics and Industrial, while Automotive was slightly below expectations. Gross margin was in line with the mid-point of our business outlook range.” |
| · | “On a year-over-year basis, Q2 net revenues decreased 14.4%, non-U.S. GAAP[1] operating margin decreased to 2.1% from 11.6% and non-U.S. GAAP1 net income decreased to $57 million from $353 million.” |
| · | “First half net revenues decreased 21.1% year-over-year, with a decrease in all reportable segments. Non-U.S. GAAP1 operating margin was 1.3% and non-U.S. GAAP1 net income was $120 million.” |
| · | “In the second quarter, our book-to-bill ratio remained above one for Industrial, while Automotive was below parity. Bookings continued to increase sequentially.” |
| · | “Our third quarter business outlook, at the mid-point, is for net revenues of $3.17 billion, decreasing year-over-year by 2.5% and increasing sequentially by 14.6%; gross margin is expected to be about 33.5%; including about 340 basis points of unused capacity charges. On a sequential basis, our Q3 gross margin will be negatively impacted by about 140 basis points, mainly from currency effect and, to a lesser extent, the start of non-recurring cost related to our manufacturing reshaping program.” |
| · | “While we expect Q3 revenues to show a solid sequential growth enabling a continued year-over-year improvement, we are still operating amid an uncertain macroeconomic environment. Given these external factors, our priorities remain supporting our customers, accelerating new product introductions, and executing our company-wide program to reshape our manufacturing footprint and resize our global cost base.” |
Quarterly Financial Summary
|
U.S. GAAP (US$ m, except per share data) |
Q2 2025 | Q1 2025 | Q2 2024 | Q/Q | Y/Y |
| Net Revenues | $2,766 | $2,517 | $3,232 | 9.9% | -14.4% |
| Gross Profit | $926 | $841 | $1,296 | 10.2% | -28.5% |
| Gross Margin | 33.5% | 33.4% | 40.1% | +10 bps | - 660 bps |
| Operating Income (Loss) | $(133) | $3 | $375 | - | - |
| Operating Margin | -4.8% | 0.1% | 11.6% | -490 bps | -1,640 bps |
| Net Income (Loss) | $(97) | $56 | $353 | - | - |
| Diluted Earnings Per Share | $(0.11) | $0.06 | $0.38 | - | - |
1 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.
| 1 |
|
Non-U.S. GAAP1 (US$ m, except per share data) |
Q2 2025 | Q1 2025 | Q2 2024 | Q/Q | Y/Y |
| Operating Income | $57 | $11 | $375 | 429.6% | -84.7% |
| Operating Margin | 2.1% | 0.4% | 11.6% | 170 bps | -950 bps |
| Net Income | $57 | $63 | $353 | -9.1% | -83.9% |
| Diluted Earnings Per Share | $0.06 | $0.07 | $0.38 | -14.3% | -84.2% |
Second Quarter 2025 Summary Review
Reminder: on January 1, 2025 we made some adjustments to our segment reporting. Prior year comparative periods have been adjusted accordingly. See Appendix for more detail.
| Net Revenues by Reportable Segment2 (US$ m) | Q2 2025 | Q1 2025 | Q2 2024 | Q/Q | Y/Y |
| Analog products, MEMS and Sensors (AM&S) segment | 1,133 | 1,069 | 1,336 | 5.9% | -15.2% |
| Power and discrete products (P&D) segment | 447 | 397 | 576 | 12.9% | -22.2% |
| Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group | 1,580 | 1,466 | 1,912 | 7.8% | -17.4% |
| Embedded Processing (EMP) segment | 847 | 742 | 906 | 14.1% | -6.5% |
| RF & Optical Communications (RF&OC) segment | 336 | 306 | 410 | 10.1% | -17.9% |
| Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group | 1,183 | 1,048 | 1,316 | 13.0% | -10.1% |
| Others | 3 | 3 | 4 | - | - |
| Total Net Revenues | $2,766 | $2,517 | $3,232 | 9.9% | -14.4% |
Net revenues totaled $2.77 billion, representing a year-over-year decrease of 14.4%. Year-over-year net sales to OEMs and Distribution decreased 15.3% and 12.0%, respectively. On a sequential basis, net revenues increased 9.9%, 220 basis points better than the mid-point of ST’s guidance.
Gross profit totaled $926 million, representing a year-over-year decrease of 28.5%. Gross margin of 33.5%, 10 basis points above the mid-point of ST’s guidance, decreased 660 basis points year-over-year, mainly due to product mix, lower manufacturing efficiencies and, to a lesser extent, higher unused capacity charges.
Operating income decreased from $375 million in the year-ago quarter to an operating loss of $133 million. ST’s operating margin decreased 1,640 basis points on a year-over-year basis to -4.8% of net revenues, compared to 11.6% in the second quarter of 2024. Operating loss included $190M impairment, restructuring charges and other related phase-out costs for the quarter, reflecting impairment of assets and restructuring charges predominantly associated with the previously announced company-wide program to reshape our manufacturing footprint and resize our global cost base. Excluding these items, non-U.S. GAAP1 Operating income stood at $57 million in the second quarter.
By reportable segment, compared with the year-ago quarter:
In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group:
Analog products, MEMS and Sensors (AM&S) segment:
| · | Revenue decreased 15.2% mainly due to a decrease in Analog. |
| · | Operating profit decreased by 55.9% to $85 million. Operating margin was 7.5% compared to 14.5%. |
Power and Discrete products (P&D) segment:
| · | Revenue decreased 22.2%. |
| · | Operating profit decreased from $61 million to an operating loss of $56 million. Operating margin was -12.5% compared to 10.6%. |
1 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.
2 See Appendix for the definition of reportable segments.
| 2 |
In Microcontrollers, Digital ICs and RF products (MDRF) Product Group:
Embedded Processing (EMP) segment:
| · | Revenue decreased 6.5% mainly due to Custom Processing. |
| · | Operating profit decreased by 8.7% to $114 million. Operating margin was 13.5% compared to 13.8%. |
RF & Optical Communications (RF&OC) segment:
| · | Revenue decreased 17.9%. |
| · | Operating profit decreased by 37.2% to $60 million. Operating margin was 17.9% compared to 23.4%. |
Net Earnings and diluted Earnings Per Share decreased to a negative $97 million and a negative $0.11 respectively compared to a positive $353 million and $0.38 respectively in the year-ago quarter. Non-U.S. GAAP1 Net income and diluted Earnings Per Share, stood at $57 million and $0.06 respectively in the second quarter of 2025.
Cash Flow and Balance Sheet Highlights
| Trailing 12 Months | ||||||
| (US$ m) | Q2 2025 | Q1 2025 | Q2 2024 | Q2 2025 | Q2 2024 | TTM Change |
| Net cash from operating activities | 354 | 574 | 702 | 2,332 | 4,922 | -52.6% |
| Free cash flow (non-U.S. GAAP1) | (152) | 30 | 159 | 142 | 1,384 | -89.7% |
Net cash from operating activities was $354 million in the second quarter compared to $702 million in the year-ago quarter.
Net Capex (non-U.S. GAAP1), was $465 million in the second quarter compared to $528 million in the year-ago quarter.
Free cash flow (non-U.S. GAAP1) was negative at $152 million in the second quarter, compared to positive $159 million in the year-ago quarter.
Inventory at the end of the second quarter was $3.27 billion, compared to $3.01 billion in the previous quarter and $2.81 billion in the year-ago quarter. Days sales of inventory at quarter-end was 166 days, compared to 167 days for the previous quarter and 130 days for the year-ago quarter.
In the second quarter, ST paid cash dividends to its stockholders totaling $81 million and executed a $92 million share buy-back, as part of its current share repurchase program.
ST’s net financial position (non-U.S. GAAP[4]) remained strong at $2.67 billion as of June 28, 2025, compared to $3.08 billion as of March 29, 2025, and reflected total liquidity of $5.63 billion and total financial debt of $2.96 billion. Adjusted net financial position (non-U.S. GAAP1), taking into consideration the effect on total liquidity of advances from capital grants for which capital expenditures have not been incurred yet, stood at $2.31 billion as of June 28, 2025.
Corporate developments
On May 28, 2025, STMicroelectronics held its 2025 Annual General Meeting of Shareholders in Amsterdam, the Netherlands. All proposed resolutions were approved by the Shareholders.
Business Outlook
ST’s guidance, at the mid-point, for the 2025 third quarter is:
| · | Net revenues are expected to be $3.17 billion, an increase of 14.6% sequentially, plus or minus 350 basis points. |
| · | Gross margin of 33.5%, plus or minus 200 basis points. |
| · | This outlook is based on an assumed effective currency exchange rate of approximately $1.14 = €1.00 for the 2025 third quarter and includes the impact of existing hedging contracts. |
| · | The third quarter will close on September 27, 2025. |
This business outlook does not include any impact of potential further changes to global trade tariffs compared to the current situation.
1 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.
| 3 |
Conference Call and Webcast Information
ST will conduct a conference call with analysts, investors and reporters to discuss its second quarter 2025 financial results and current business outlook today at 9:30 a.m. Central European Time (CET) / 3:30 a.m. U.S. Eastern Time (ET). A live webcast (listen-only mode) of the conference call will be accessible at ST’s website, https://investors.st.com, and will be available for replay until August 8, 2025.
Use of Supplemental Non-U.S. GAAP Financial Information
This press release contains supplemental non-U.S. GAAP financial information.
Readers are cautioned that these measures are unaudited and not prepared in accordance with U.S. GAAP and should not be considered as a substitute for U.S. GAAP financial measures. In addition, such non-U.S. GAAP financial measures may not be comparable to similarly titled information from other companies. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with ST’s consolidated financial statements prepared in accordance with U.S. GAAP.
See the Appendix of this press release for a reconciliation of ST’s non-U.S. GAAP financial measures to their corresponding U.S. GAAP financial measures.
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, each as amended) that are based on management’s current views and assumptions, and are conditioned upon and also involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those anticipated by such statements due to, among other factors:
| • | changes in global trade policies, including the adoption and expansion of tariffs and trade barriers, that could affect the macro-economic environment and may directly or indirectly adversely impact the demand for our products; |
| • | uncertain macro-economic and industry trends (such as inflation and fluctuations in supply chains), which may impact production capacity and end-market demand for our products; |
| • | customer demand that differs from projections which may require us to undertake transformation measures that may not be successful in realizing the expected benefits in full or at all; |
| • | the ability to design, manufacture and sell innovative products in a rapidly changing technological environment; |
| • | changes in economic, social, public health, labor, political, or infrastructure conditions in the locations where we, our customers, or our suppliers operate, including as a result of macro-economic or regional events, geopolitical and military conflicts, social unrest, labor actions, or terrorist activities; |
| • | unanticipated events or circumstances, which may impact our ability to execute our plans and/or meet the objectives of our R&D and manufacturing programs, which benefit from public funding; |
| • | financial difficulties with any of our major distributors or significant curtailment of purchases by key customers; |
| • | the loading, product mix, and manufacturing performance of our production facilities and/or our required volume to fulfill capacity reserved with suppliers or third-party manufacturing providers; |
| • | availability and costs of equipment, raw materials, utilities, third-party manufacturing services and technology, or other supplies required by our operations (including increasing costs resulting from inflation); |
| • | the functionalities and performance of our IT systems, which are subject to cybersecurity threats and which support our critical operational activities including manufacturing, finance and sales, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; |
| • | theft, loss, or misuse of personal data about our employees, customers, or other third parties, and breaches of data privacy legislation; |
| • | the impact of IP claims by our competitors or other third parties, and our ability to obtain required licenses on reasonable terms and conditions; |
| • | changes in our overall tax position as a result of changes in tax rules, new or revised legislation, the outcome of tax audits or changes in international tax treaties which may impact our results of operations as well as our ability to accurately estimate tax credits, benefits, deductions and provisions and to realize deferred tax assets; |
| • | variations in the foreign exchange markets and, more particularly, the U.S. dollar exchange rate as compared to the Euro and the other major currencies we use for our operations; |
| • | the outcome of ongoing litigation as well as the impact of any new litigation to which we may become a defendant; |
| 4 |
| • | product liability or warranty claims, claims based on epidemic or delivery failure, or other claims relating to our products, or recalls by our customers for products containing our parts; |
| • | natural events such as severe weather, earthquakes, tsunamis, volcano eruptions or other acts of nature, the effects of climate change, health risks and epidemics or pandemics in locations where we, our customers or our suppliers operate; |
| • | increased regulation and initiatives in our industry, including those concerning climate change and sustainability matters and our goal to become carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027; |
| • | epidemics or pandemics, which may negatively impact the global economy in a significant manner for an extended period of time, and could also materially adversely affect our business and operating results; |
| • | industry changes resulting from vertical and horizontal consolidation among our suppliers, competitors, and customers; |
| • | the ability to successfully ramp up new programs that could be impacted by factors beyond our control, including the availability of critical third-party components and performance of subcontractors in line with our expectations; and |
| • | individual customer use of certain products, which may differ from the anticipated uses of such products and result in differences in performance, including energy consumption, may lead to a failure to achieve our disclosed emission-reduction goals, adverse legal action or additional research costs. |
Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of our business to differ materially and adversely from the forward-looking statements. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as “believes”, “expects”, “may”, “are expected to”, “should”, “would be”, “seeks” or “anticipates” or similar expressions or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans or intentions.
Some of these risk factors are set forth and are discussed in more detail in “Item 3. Key Information — Risk Factors” included in our Annual Report on Form 20-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this press release as anticipated, believed or expected. We do not intend, and do not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances.
Unfavorable changes in the above or other factors listed under “Item 3. Key Information — Risk Factors” from time to time in our Securities and Exchange Commission (“SEC”) filings, could have a material adverse effect on our business and/or financial condition.
About STMicroelectronics
At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027. Further information can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41 22 929 59 20
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
| 5 |
| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (in millions of U.S. dollars, except per share data ($)) | |||
| Three months ended | |||
| June 28, | June 29, | ||
| 2025 | 2024 | ||
| (Unaudited) | (Unaudited) | ||
| Net sales | 2,745 | 3,227 | |
| Other revenues | 21 | 5 | |
| NET REVENUES | 2,766 | 3,232 | |
| Cost of sales | (1,840) | (1,936) | |
| GROSS PROFIT | 926 | 1,296 | |
| Selling, general and administrative expenses | (420) | (419) | |
| Research and development expenses | (514) | (535) | |
| Other income and expenses, net | 65 | 33 | |
| Impairment, restructuring charges and other related phase-out costs | (190) | - | |
| Total operating expenses | (1,059) | (921) | |
| OPERATING INCOME (LOSS) | (133) | 375 | |
| Interest income, net | 45 | 51 | |
| Other components of pension benefit costs | (5) | (4) | |
| Loss on financial instruments, net | (19) | (1) | |
| INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | (112) | 421 | |
| Income tax benefit (expense) | 18 | (67) | |
| NET INCOME (LOSS) | (94) | 354 | |
| Net income attributable to noncontrolling interest | (3) | (1) | |
| NET INCOME (LOSS) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | (97) | 353 | |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | (0.11) | 0.39 | |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | (0.11) | 0.38 | |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 893.9 | 941.1 | |
| 6 |
| STMicroelectronics N.V. | |||
| CONSOLIDATED STATEMENTS OF INCOME | |||
| (in millions of U.S. dollars, except per share data ($)) | |||
| Six months ended | |||
| June 28, | June 29, | ||
| 2025 | 2024 | ||
| (Unaudited) | (Unaudited) | ||
| Net sales | 5,257 | 6,670 | |
| Other revenues | 26 | 27 | |
| NET REVENUES | 5,283 | 6,697 | |
| Cost of sales | (3,516) | (3,958) | |
| GROSS PROFIT | 1,767 | 2,739 | |
| Selling, general and administrative expenses | (810) | (844) | |
| Research and development expenses | (1,004) | (1,063) | |
| Other income and expenses, net | 115 | 93 | |
| Impairment, restructuring charges and other related phase-out costs | (198) | - | |
| Total operating expenses | (1,897) | (1,814) | |
| OPERATING INCOME (LOSS) | (130) | 925 | |
| Interest income, net | 93 | 111 | |
| Other components of pension benefit costs | (9) | (8) | |
| Gain (loss) on financial instruments, net | 6 | (1) | |
| INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | (40) | 1,027 | |
| Income tax benefit (expense) | 4 | (159) | |
| NET INCOME (LOSS) | (36) | 868 | |
| Net income attributable to noncontrolling interest | (5) | (3) | |
| NET INCOME (LOSS) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | (41) | 865 | |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | (0.05) | 0.96 | |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | (0.05) | 0.92 | |
| NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 894.9 | 941.8 | |
| 7 |
| STMicroelectronics N.V. | |||
| CONSOLIDATED BALANCE SHEETS | |||
| As at | June 28, | March 29, | December 31, |
| In millions of U.S. dollars | 2025 | 2025 | 2024 |
| (Unaudited) | (Unaudited) | (Audited) | |
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | 1,616 | 1,781 | 2,282 |
| Short-term deposits | 1,650 | 1,650 | 1,450 |
| Marketable securities | 2,363 | 2,528 | 2,452 |
| Trade accounts receivable, net | 1,352 | 1,385 | 1,749 |
| Inventories | 3,273 | 3,014 | 2,794 |
| Other current assets | 1,267 | 1,050 | 1,007 |
| Total current assets | 11,521 | 11,408 | 11,734 |
| Goodwill | 313 | 299 | 290 |
| Other intangible assets, net | 342 | 338 | 346 |
| Property, plant and equipment, net | 11,437 | 11,178 | 10,877 |
| Non-current deferred tax assets | 558 | 490 | 464 |
| Long-term investments | 77 | 96 | 71 |
| Other non-current assets | 1,215 | 1,114 | 961 |
| 13,942 | 13,515 | 13,009 | |
| Total assets | 25,463 | 24,923 | 24,743 |
| LIABILITIES AND EQUITY | |||
| Current liabilities: | |||
| Short-term debt | 1,006 | 988 | 990 |
| Trade accounts payable | 1,451 | 1,373 | 1,323 |
| Other payables and accrued liabilities | 1,386 | 1,290 | 1,306 |
| Dividends payable to stockholders | 257 | 16 | 88 |
| Accrued income tax | 104 | 72 | 66 |
| Total current liabilities | 4,204 | 3,739 | 3,773 |
| Long-term debt | 1,951 | 1,889 | 1,963 |
| Post-employment benefit obligations | 428 | 392 | 377 |
| Long-term deferred tax liabilities | 48 | 48 | 47 |
| Other long-term liabilities | 848 | 896 | 904 |
| 3,275 | 3,225 | 3,291 | |
| Total liabilities | 7,479 | 6,964 | 7,064 |
| Commitment and contingencies | |||
| Equity | |||
| Parent company stockholders’ equity | |||
| Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 par value, 1,200,000,000 shares authorized, 911,281,920 shares issued, 894,759,029 shares outstanding as of June 28, 2025) | 1,157 | 1,157 | 1,157 |
| Additional Paid-in Capital | 3,187 | 3,142 | 3,088 |
| Retained earnings | 12,911 | 13,514 | 13,459 |
| Accumulated other comprehensive income | 983 | 495 | 236 |
| Treasury stock | (490) | (582) | (491) |
| Total parent company stockholders’ equity | 17,748 | 17,726 | 17,449 |
| Noncontrolling interest | 236 | 233 | 230 |
| Total equity | 17,984 | 17,959 | 17,679 |
| Total liabilities and equity | 25,463 | 24,923 | 24,743 |
| 8 |
| STMicroelectronics N.V. | |||
| SELECTED CASH FLOW DATA | |||
| Cash Flow Data (in US$ millions) | Q2 2025 | Q1 2025 | Q2 2024 |
| Net Cash from operating activities | 354 | 574 | 702 |
| Net Cash used in investing activities | (332) | (796) | (628) |
| Net Cash used in financing activities | (191) | (282) | (112) |
| Net Cash decrease | (165) | (501) | (41) |
| Selected Cash Flow Data (in US$ millions) | Q2 2025 | Q1 2025 | Q2 2024 |
| Depreciation & amortization | 464 | 428 | 439 |
| Net payment for Capital expenditures | (481) | (538) | (546) |
| Dividends paid to stockholders | (81) | (72) | (73) |
| Change in inventories, net | (140) | (172) | (136) |
| 9 |
Appendix
ST
Changes to reportable segments
Following ST’s reorganization announced in January 2024 into two Product Groups and four reportable segments, we have made further progress in analyzing our global product portfolio, resulting in the following adjustments to our segments, effective starting January 1, 2025, without modifying subtotals at Product Group level:
| · | In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group: |
| o | The transfer of VIPower products from Power and Discrete products (“P&D”) reportable segment to Analog products, MEMS and Sensors (“AM&S”) reportable segment. |
| · | In Microcontrollers, Digital ICs and RF products (MDRF) Product Group: |
| o | the newly created ‘Embedded Processing’ (“EMP”) reportable segment includes the former ‘MCU’ segment (excluding the RF ASICs mentioned below) as well as Custom Processing products (Automotive ADAS products). |
| o | the newly created ‘RF & Optical Communications’ (“RF&OC”) reportable segment includes the former ‘D&RF’ segment (excluding Automotive ADAS products) as well as some RF ASICs which were previously part of the former ‘MCU’ segment. |
We believe these adjustments are critical for implementing synergies and optimizing resources, which are necessary to fully deliver the benefits expected from our new organization.
Our four reportable segments - within each Product Group - are now as follows:
| · | In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group: |
| o | Analog products, MEMS and Sensors (“AM&S”) reportable segment, comprised of ST analog products (now including VIPower products), MEMS sensors and actuators, and optical sensing solutions. |
| o | Power and Discrete products (“P&D”) reportable segment, comprised of discrete and power transistor products (now excluding VIPower products). |
In this Press Release, “Analog” refers to analog products, “MEMS” to MEMS sensors and actuators and “Imaging” to optical sensing solutions.
| · | In Microcontrollers, Digital ICs and RF products (MDRF) Product Group: |
| o | Embedded Processing (“EMP”) reportable segment, comprised of general-purpose and automotive microcontrollers, connected security products and Custom Processing Products (Automotive ADAS) |
| o | RF & Optical Communications (“RF&OC”) reportable segment, comprised of Space, Ranging & Connectivity products, Digital Audio & Signaling Solutions and Optical & RF COT. |
In this Press release, “GPAM” refers to General purpose & automotive microcontrollers, “Connected Security” to connected security products, “Custom Processing” to automotive ADAS products.
Prior year comparative periods have been adjusted accordingly.
| 10 |
(Appendix – continued)
ST Supplemental Financial Information
| Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | |
| Net Revenues By Market Channel (%) | |||||
| Total OEM | 72% | 71% | 73% | 76% | 73% |
| Distribution | 28% | 29% | 27% | 24% | 27% |
| €/$ Effective Rate | 1.09 | 1.06 | 1.09 | 1.08 | 1.08 |
| Reportable Segment Data (US$ m) | |||||
| Analog products, MEMS and Sensors (AM&S) segment | |||||
| - Net Revenues | 1,133 | 1,069 | 1,348 | 1,340 | 1,336 |
| - Operating Income | 85 | 82 | 220 | 216 | 193 |
| Power and Discrete products (P&D) segment | |||||
| - Net Revenues | 447 | 397 | 602 | 652 | 576 |
| - Operating Income (Loss) | (56) | (28) | 45 | 80 | 61 |
| Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group | |||||
| - Net Revenues | 1,580 | 1,466 | 1,950 | 1,992 | 1,912 |
| - Operating Income | 29 | 54 | 265 | 296 | 254 |
| Embedded Processing (EMP) segment | |||||
| - Net Revenues | 847 | 742 | 1,002 | 898 | 906 |
| - Operating Income | 114 | 66 | 181 | 146 | 126 |
| RF & Optical Communications (RF&OC) segment | |||||
| - Net Revenues | 336 | 306 | 366 | 357 | 410 |
| - Operating Income | 60 | 43 | 95 | 84 | 96 |
| Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group | |||||
| - Net Revenues | 1,183 | 1,048 | 1,368 | 1,255 | 1,316 |
| - Operating Income | 174 | 109 | 276 | 230 | 222 |
| Others (a) | |||||
| - Net Revenues | 3 | 3 | 3 | 4 | 4 |
| - Operating Income (Loss) | (336) | (160) | (172) | (145) | (101) |
| Total | |||||
| - Net Revenues | 2,766 | 2,517 | 3,321 | 3,251 | 3,232 |
| - Operating Income (Loss) | (133) | 3 | 369 | 381 | 375 |
| (a) | Net revenues of Others include revenues from sales assembly services and other revenues. Operating income (loss) of Others include items such as unused capacity charges, including incidents leading to power outage, impairment, restructuring charges and other related phase-out costs, management reorganization costs, start-up costs, and other unallocated income (expenses) such as: strategic or special research and development programs, certain corporate-level operating expenses, patent claims and litigations, and other costs that are not allocated to reportable segments, as well as operating earnings of other products. Others includes: |
| (US$ m) | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
| Unused capacity charges | 103 | 123 | 118 | 104 | 84 |
|
Impairment, restructuring charges and other related phase-out costs |
190 | 8 | - | - | - |
| 11 |
(Appendix – continued)
ST
Supplemental Non-U.S. GAAP Financial Information
U.S. GAAP – Non-U.S. GAAP Reconciliation
The supplemental non-U.S. GAAP information presented in this press release is unaudited and subject to inherent limitations. Such non-U.S. GAAP information is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for U.S. GAAP measurements. Also, our supplemental non-U.S. GAAP financial information may not be comparable to similarly titled non-U.S. GAAP measures used by other companies. Further, specific limitations for individual non-U.S. GAAP measures, and the reasons for presenting non-U.S. GAAP financial information, are set forth in the paragraphs below. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with our consolidated financial statements prepared in accordance with U.S. GAAP.
ST believes that these non-U.S. GAAP financial measures provide useful information for investors and management because they offer, when read in conjunction with ST’s U.S. GAAP financials, (i) the ability to make more meaningful period-to-period comparisons of ST’s on-going operating results, (ii) the ability to better identify trends in ST’s business and perform related trend analysis, and (iii) to facilitate a comparison of ST’s results of operations against investor and analyst financial models and valuations, which may exclude these items.
Non-U.S. GAAP Operating Income, Non-U.S. GAAP Net Earnings and Non-U.S. GAAP Earnings Per Share (non-U.S. GAAP measures)
Operating income before impairment and restructuring charges and one-time items is used by management to help enhance an understanding of ongoing operations and to communicate the impact of the excluded items, such as impairment, restructuring charges and other related phase-out costs. Adjusted net earnings and earnings per share (EPS) are used by management to help enhance an understanding of ongoing operations and to communicate the impact of the excluded items like impairment, restructuring charges and other related phase-out costs attributable to ST and other one-time items, net of the relevant tax impact.
|
Q2 2025 (US$ m, except per share data) |
Gross Profit | Operating Income (Loss) | Net Earnings | Corresponding Diluted EPS |
| U.S. GAAP | 926 | (133) | (97) | (0.11) |
| Impairment, restructuring charges and other related phase-out costs | - | 190 | 190 | |
| Estimated income tax effect | - | - | (36) | |
| Non-U.S. GAAP | 926 | 57 | 57 | 0.06 |
|
H1 2025 (US$ m, except per share data) |
Gross Profit | Operating Income (Loss) | Net Earnings | Corresponding Diluted EPS |
| U.S. GAAP | 1,767 | (130) | (41) | (0.05) |
| Impairment, restructuring charges and other related phase-out costs | - | 198 | 198 | |
| Estimated income tax effect | - | - | (37) | |
| Non-U.S. GAAP | 1,767 | 68 | 120 | 0.13 |
| 12 |
(Appendix – continued)
Net Financial Position and Adjusted Net Financial Position (non-U.S. GAAP measures)
Net Financial Position, a 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 securities, and our total financial debt includes short-term debt and long-term debt, as reported in our Consolidated Balance Sheets. ST also presents adjusted net financial position as a non-U.S. GAAP measure, to take into consideration the effect on total liquidity of advances received on capital grants for which capital expenditures have not been incurred yet.
ST believes its Net Financial Position and Adjusted Net Financial Position provide useful information for investors and management because they give evidence of our global position either in terms of net indebtedness or net cash by measuring our capital resources based on cash and cash equivalents, restricted cash, if any, short-term deposits and marketable securities and the total level of our financial debt. Our definitions of Net Financial Position and Adjusted Net Financial Position may differ from definitions used by other companies, and therefore, comparability may be limited.
| (US$ m) |
Jun 28 2025 |
Mar 29 2025 |
Dec 31 2024 |
Sep 28 2024 |
Jun 29 2024 |
| Cash and cash equivalents | 1,616 | 1,781 | 2,282 | 3,077 | 3,092 |
| Short term deposits | 1,650 | 1,650 | 1,450 | 977 | 975 |
| Marketable securities | 2,363 | 2,528 | 2,452 | 2,242 | 2,218 |
| Total liquidity | 5,629 | 5,959 | 6,184 | 6,296 | 6,285 |
| Short-term debt | (1,006) | (988) | (990) | (1,003) | (236) |
| Long-term debt (a) | (1,951) | (1,889) | (1,963) | (2,112) | (2,850) |
| Total financial debt | (2,957) | (2,877) | (2,953) | (3,115) | (3,086) |
| Net Financial Position (non-U.S. GAAP) | 2,672 | 3,082 | 3,231 | 3,181 | 3,199 |
| Advances received on capital grants | (361) | (377) | (385) | (366) | (402) |
| Adjusted Net Financial Position (non-U.S. GAAP) | 2,311 | 2,705 | 2,846 | 2,815 | 2,797 |
(a) Long-term debt contains standard conditions but does not impose minimum financial ratios. Committed credit facilities for $639 million equivalent, are currently undrawn.
| 13 |
(Appendix – continued)
Net Capex and Free Cash Flow (non-U.S. GAAP measures)
ST presents Net Capex as a non-U.S. GAAP measure, which is reported as part of our Free Cash Flow (non-U.S. GAAP measure), to take into consideration the effect of advances from capital grants received on prior periods allocated to property, plant and equipment in the reporting period.
Net Capex, a non-U.S. GAAP measure, is defined as (i) Payment for purchase of tangible assets, as reported plus (ii) Proceeds from sale of tangible assets, as reported plus (iii) Proceeds from capital grants and other contributions, as reported plus (iv) Advances from capital grants allocated to property, plant and equipment in the reporting period.
ST believes Net Capex provides useful information for investors and management because annual capital expenditures budget includes the effect of capital grants. Our definition of Net Capex may differ from definitions used by other companies.
| (US$ m) | Q2 2025 |
Q1 2025 |
Q4 2024 |
Q3 2024 |
Q2 2024 |
| Payment for purchase of tangible assets, as reported | (574) | (587) | (584) | (669) | (690) |
| Proceeds from sale of tangible assets, as reported | 4 | 2 | - | 2 | 1 |
| Proceeds from capital grants and other contributions, as reported | 89 | 47 | 83 | 66 | 143 |
| Advances from capital grants allocated to property, plant and equipment | 16 | 8 | 31 | 36 | 18 |
| Net Capex (non-U.S. GAAP) | (465) | (530) | (470) | (565) | (528) |
Free Cash Flow, which is a non-U.S. GAAP measure, is defined as (i) net cash from operating activities plus (ii) Net Capex plus (iii) payment for purchase (and proceeds from sale) of intangible and financial assets and (iv) net cash paid for business acquisitions, if any.
ST believes Free Cash Flow provides useful information for investors and management because it measures our capacity to generate cash from our operating and investing activities to sustain our operations.
Free Cash Flow reconciles with the total cash flow and the net cash increase (decrease) by including the payment for purchases of (and proceeds from matured) marketable securities and net investment in (and proceeds from) short-term deposits, the net cash from (used in) financing activities and the effect of changes in exchange rates, and by excluding the advances from capital grants received on prior periods allocated to property, plant and equipment in the reporting period. Our definition of Free Cash Flow may differ from definitions used by other companies.
| (US$ m) | Q2 2025 |
Q1 2025 |
Q4 2024 |
Q3 2024 |
Q2 2024 |
| Net cash from operating activities | 354 | 574 | 681 | 723 | 702 |
| Net Capex | (465) | (530) | (470) | (565) | (528) |
| Payment for purchase of intangible assets, net of proceeds from sale | (41) | (14) | (32) | (20) | (15) |
| Payment for purchase of financial assets, net of proceeds from sale | - | - | (51) | (2) | - |
| Free Cash Flow (non-U.S. GAAP) | (152) | 30 | 128 | 136 | 159 |
14
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| STMicroelectronics N.V. | |||
| Date: | July 24, 2025 | By: | /s/ Lorenzo Grandi |
| Name: | Lorenzo Grandi | ||
| Title: |
President and Chief Financial Officer
|
Source:
