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Company Research25 Sep 2024
The Suppliers Behind the Apple Pencil Pro
Explore how key suppliers like TSMC, Bosch, and Texas Instruments drive the innovation behind the Apple Pencil Pro.
STMicroelectronics (STM) investor relations material
STMicroelectronics Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary23 Oct, 2025
Executive summary
Q3 2025 net revenues were $3.19 billion, slightly above the midpoint of guidance, driven by strong Personal Electronics and anticipated performance in Automotive and Industrial segments, with all end-markets except Automotive returning to year-over-year growth.
Gross margin was 33.2%, slightly below guidance due to product mix in Automotive and Industrial.
Diluted EPS was $0.29 (non-GAAP), and free cash flow was $130 million for the quarter.
Inventory reduction continued, both on the balance sheet and in distribution, with a book-to-bill ratio above one.
Q3 included $37 million in impairment and restructuring charges related to manufacturing footprint and cost base resizing.
Financial highlights
Q3 2025 net revenues: $3.19 billion, down 2.0% year-over-year, up 15.2% sequentially.
Gross profit was $1.06 billion, down 13.7% year-over-year; gross margin fell 460 bps year-over-year due to lower manufacturing efficiency, currency effects, and product mix.
Operating income was $180 million (U.S. GAAP), $217 million (non-U.S. GAAP); adjusted operating margin was 6.8%.
Net income was $237 million (U.S. GAAP), $267 million (non-U.S. GAAP), with diluted EPS of $0.26 ($0.29 non-GAAP).
Net cash from operations was $549 million, CapEx $401 million, and free cash flow $130 million.
Inventory at quarter-end was $3.17 billion (135 days), down from 166 days in Q2.
Shareholder returns included $81 million in dividends and $91 million in buybacks.
Outlook and guidance
Q4 2025 net revenues expected at $3.28 billion, up 2.9% sequentially; gross margin expected at 35%.
Full-year 2025 revenues projected at $11.75 billion, with 22.4% growth in H2 over H1; gross margin for the year expected at 33.8%.
Net CapEx plan for 2025 reduced to slightly below $2 billion.
Further sequential revenue and gross margin improvement expected in Q4, with continued inventory reduction.
Medium-term gross margin improvement targeted through reduced unused capacity charges, manufacturing footprint reshaping, and product mix.
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Next STMicroelectronics earnings date
Q4 202530 Jan, 2026
Next STMicroelectronics earnings date
Q4 202530 Jan, 2026
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Frequently asked questions
STMicroelectronics N.V., designs, develops, manufactures, and sells semiconductor products in the seven product groups: Automotive; Discrete & Logic; Microcontrollers & Memory; Sensors & MEMS; Power Electronics & Solar; Smart Home, Building & Industrial and Other. The company is also a producer of LEDs and lighting systems. STMicroelectronics N.V. markets its products primarily to original equipment manufacturers that incorporate ST's semiconductor products into their final end-use products and to electronics system suppliers (ESPs) that further market the products or use them as components in their systems or devices. The company is based in Geneva, Switzerland.
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