STMicroelectronics N.V 6-K, filed Jul 23, 2026
STMicroelectronics N.V. (STM)
6-K
2026-07-23
For: 2026-06-27
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Added on
July 23, 2026
About this 6-K
STMicroelectronics N.V filed this 6-K on July 23, 2026.
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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, 2026
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 QForm 40-F ☐
Enclosure: A press release dated July, 23 2026, announcing STMicroelectronics’ 2026 Second Quarter Financial Results.
1 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.
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PR No: C3403C
STMicroelectronics Reports Q2 2026 Financial Results
•Q226 net revenues at $3.49 billion
•Gross margin at 34.8% (non-U.S. GAAP1 gross margin at 35.2%)
•Operating income at $187 million (non-U.S. GAAP1 operating income at $269 million)
•Business outlook at mid-point: Q326 net revenues of $3.70 billion and gross margin of 37.0%
Geneva, July 23, 2026 – 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 27, 2026. This press release also contains non-U.S. GAAP measures (see Appendix for additional
information).
ST reported second quarter net revenues of $3.49 billion, gross margin of 34.8%, operating income of $187 million,
and net income of $222 million or $0.24 diluted earnings per share (non-U.S. GAAP1 gross margin of 35.2%, non-
U.S. GAAP1 operating income of $269 million, and non-U.S. GAAP1 net income of $291 million or $0.31 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 CECP and Automotive. Gross margin was in line with the mid-point of our business
outlook range.”
•“On a year-over-year basis, Q2 net revenues increased 26.0%. Q2 gross margin was 34.8%, operating
margin was 5.4% and net income was $222 million. On a non-U.S. GAAP1 basis gross margin was
35.2%, operating margin was 7.7% and net income was $291 million.”
•“During the quarter demand increased further, with strong bookings in all end markets. We saw
improved visibility and signs of tight supply in several product categories. Inventory in distribution is
now below our standard target.”
•“Our third quarter business outlook, at the mid-point, is for net revenues of $3.70 billion, increasing
about 6.2% sequentially and about 16.2% year-over-year. Gross margin is expected to be about
37.0%, including about 70 basis points of unused capacity charges.”
•“We anticipate a revenue growth acceleration in Q4, mainly driven by our engaged customer
programs in AI datacenters and LEO satellite communication. We expect Q4 revenues to be above $4
billion, this translates into a H2 vs H1 growth above our normal 15% seasonality.”
•“Driven by continued strong demand in AI datacenters, we are raising our revenue ambition for
datacenters. Revenues are now expected above $1 billion in 2026 and, assuming the current dynamic
continues and with the current engagements we have, well above $2 billion in 2027. This confirms
ST’s strong position in the evolving AI datacenters.”
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Quarterly Financial Summary
U.S. GAAP (US$ m, except per share data) | Q2 2026 | Q1 2026 | Q2 2025 | Q/Q | Y/Y |
Net Revenues | $3,487 | $3,095 | $2,766 | 12.7% | 26.0% |
Gross Profit | $1,215 | $1,045 | $926 | 16.3% | 31.1% |
Gross Margin | 34.8% | 33.8% | 33.5% | 100bps | 130bps |
Operating Income (Loss) | $187 | $70 | $(133) | 165.5% | - |
Operating Margin | 5.4% | 2.3% | -4.8% | 310bps | 1,020bps |
Net Income (Loss) | $222 | $37 | $(97) | 496.8% | - |
Diluted Earnings Per Share | $0.24 | $0.04 | $(0.11) | 500.0% | - |
Non-U.S. GAAP1 (US$ m, except per share data) | Q2 2026 | Q1 2026 | Q2 2025 | Q/Q | Y/Y |
Gross Profit | $1,229 | $1,056 | $926 | 16.4% | 32.7% |
Gross Margin | 35.2% | 34.1% | 33.5% | 110bps | 170bps |
Operating Income | $269 | $171 | $57 | 57.3% | 371.9% |
Operating Margin | 7.7% | 5.5% | 2.1% | 220bps | 560bps |
Net Income | $291 | $122 | $57 | 138.5% | 410.5% |
Diluted Earnings Per Share | $0.31 | $0.13 | $0.06 | 138.5% | 416.7% |
Second Quarter 2026 Summary Review
Net Revenues by Reportable Segment(US$ m)2 | Q2 2026 | Q1 2026 | Q2 2025 | Q/Q | Y/Y |
Analog products, MEMS and Sensors (AM&S) segment | 1,426 | 1,318 | 1,133 | 8.2% | 26.0% |
Power and discrete products (P&D) segment | 464 | 389 | 447 | 19.2% | 3.7% |
Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group | 1,890 | 1,707 | 1,580 | 10.7% | 19.6% |
Embedded Processing (EMP) segment | 1,147 | 975 | 847 | 17.7% | 35.5% |
RF Optical Communications (RFOC) segment | 445 | 409 | 336 | 8.6% | 32.0% |
Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group | 1,592 | 1,384 | 1,183 | 15.0% | 34.5% |
Others | 5 | 4 | 3 | - | - |
Total Net Revenues | $3,487 | $3,095 | $2,766 | 12.7% | 26.0% |
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Net revenues totaled $3.49 billion, representing a year-over-year increase of 26.0%. Year-over-year net sales to
OEMs and Distribution increased 23.3% and 33.1%, respectively. On a sequential basis, net revenues increased
12.7%, 110 basis points better than the mid-point of ST’s guidance.
Gross profit totaled $1.22 billion, representing a year-over-year increase of 31.1%. Gross margin of 34.8%,
increased 130 basis points year-over-year, mainly due to lower unused capacity charges and better product mix.
Non-U.S. GAAP1 gross margin was 35.2%, in line with the mid-point of ST’s guidance.
Operating income increased from an operating loss of $133 million in the year-ago quarter to an operating income
of $187 million. ST’s operating margin increased on a year-over-year basis to 5.4% of net revenues, compared to
negative 4.8% operating margin in the second quarter of 2025. Operating income included $58 million impairment,
restructuring charges and other related phase-out costs for the quarter, mainly reflecting charges related to the
execution of the previously announced company-wide program to reshape our manufacturing footprint and resize
our global cost base and $24 million PPA effects from the acquisition of NXP’s MEMS sensor business. Excluding
these items, non-U.S. GAAP1 Operating income stood at $269 million in the second quarter (or 7.7% non-U.S.
GAAP1 operating margin).
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)2 segment:
•Revenue increased 26.0% mainly due to Imaging and MEMS and, to a lesser extent, Analog.
•Operating profit increased by 69.2% to $144 million. Operating margin was 10.1% compared to 7.5%.
Power and Discrete products (P&D) segment:
•Revenue increased 3.7%.
•Operating result decreased from a loss of $56 million to a loss of $99 million. Operating margin was -21.4%
compared to -12.5%.
In Microcontrollers, Digital ICs and RF products (MDRF) Product Group:
Embedded Processing (EMP) segment:
•Revenue increased 35.5% mainly due to General Purpose MCU and, to a lesser extent, Custom
Processing and Connected Security.
•Operating profit increased by 97.8% to $226 million. Operating margin was 19.7% compared to 13.5%.
RF Optical Communications (RFOC) segment:
•Revenue increased 32.0%.
•Operating profit increased by 56.3% to $94 million. Operating margin was 21.2% compared to 17.9%.
Net income and diluted Earnings Per Share increased to $222 million and $0.24 respectively, compared to a net
loss of $97 million and a negative $0.11 respectively in the year-ago quarter. In the second quarter of 2026 non-U.S.
GAAP1 Net income stood at $291 million and non-U.S. GAAP1 diluted Earnings Per Share stood at $0.31.
Cash Flow and Balance Sheet Highlights
Trailing 12 Months | ||||||
(US$ m) | Q2 2026 | Q1 2026 | Q2 2025 | Q2 2026 | Q2 2025 | TTM Change |
Net cash from operating activities | 502 | 534 | 354 | 2,259 | 2,332 | -3.1% |
Free cash flow (non-U.S. GAAP1) | 75 | (723)2 | (152) | (261) | 142 | -283.8% |
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 Q126 Free cash flow includes $895 million cash-out related to the acquisition of NXP MEMS sensor business.
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Net cash from operating activities was $502 million in the second quarter, after approximately $44 million outflow related
to restructuring, compared to $354 million in the year-ago quarter.
Net Capex (non-U.S. GAAP1), was $409 million in the second quarter compared to $465 million in the year-ago quarter.
Free cash flow (non-U.S. GAAP1) was positive at $75 million in the second quarter compared to negative $152 million in
the year-ago quarter.
Inventory at the end of the second quarter was $3.19 billion, compared to $3.17 billion in the previous quarter and $3.27
billion in the year-ago quarter. Days sales of inventory at quarter-end was 126 days, compared to 140 days for the
previous quarter and 166 days for the year-ago quarter.
In the second quarter, ST paid cash dividends to its stockholders totaling $75 million.
ST’s net financial position (non-U.S. GAAP1) remained strong at $2.01 billion as of June 27, 2026, compared to $2.00
billion as of March 28, 2026, and reflected total liquidity of $6.03 billion and total financial debt of $4.02 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 $1.70 billion as of June 27, 2026.
During the quarter, ST issued a new $1.5 billion dual-tranche senior unsecured convertible bond (Tranche A and Tranche
B for $750 million each) due 2031 and 2033 and announced the early redemption of its $750 million convertible bond due
in 2027.
Corporate developments
On May 27, 2026, STMicroelectronics held its 2026 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 2026 third quarter is:
•Net revenues are expected to be $3.70 billion, an increase of 6.2% sequentially, plus or minus 350 basis points.
•Gross margin of 37.0%, 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
2026 third quarter and includes the impact of existing hedging contracts.
•The third quarter will close on September 26, 2026.
This business outlook does not include any impact of potential further changes to global trade tariffs compared to the
current situation.
Conference Call and Webcast Information
ST will conduct a conference call with analysts, investors and reporters to discuss its second quarter 2026 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 7, 2026.
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
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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 continuation, adoption and expansion of tariffs and trade barriers and
sanctions, that are affecting and could further affect the macro-economic environment and are adversely impacting
and could further adversely impact the demand for our products;
•uncertain macro-economic and industry trends (such as inflation and fluctuations in supply chains), which are
impacting and may further 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 research and development 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 intellectual property 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;
•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
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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, 2025 as filed with the Securities and
Exchange Commission (“SEC”) on February 26, 2026. 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 SEC filings, could have a material adverse effect on our business and/or financial condition.
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About STMicroelectronics
At ST, we are 49,000 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
jerome.ramel@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
alexis.breton@st.com
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STMicroelectronics N.V. | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
(in millions of U.S. dollars, except per share data ($)) | |||
Three months ended | |||
June 27, | June 28, | ||
2026 | 2025 | ||
(Unaudited) | (Unaudited) | ||
Net sales | 3,481 | 2,745 | |
Other revenues | 6 | 21 | |
NET REVENUES | 3,487 | 2,766 | |
Cost of sales | (2,272) | (1,840) | |
GROSS PROFIT | 1,215 | 926 | |
Selling, general and administrative expenses | (444) | (420) | |
Research and development expenses | (551) | (514) | |
Other income and expenses, net | 25 | 65 | |
Impairment, restructuring charges and other related phase-out costs | (58) | (190) | |
Total operating expenses | (1,028) | (1,059) | |
OPERATING INCOME (LOSS) | 187 | (133) | |
Interest income | 41 | 60 | |
Interest expense | (15) | (15) | |
Other components of pension benefit costs | (4) | (5) | |
Gain (loss) on financial instruments, net | 46 | (19) | |
INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 255 | (112) | |
Income tax benefit (expense) | (30) | 18 | |
NET INCOME (LOSS) | 225 | (94) | |
Net income attributable to noncontrolling interest | (3) | (3) | |
NET INCOME (LOSS) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 222 | (97) | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.25 | (0.11) | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.24 | (0.11) | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 928.0 | 893.9 | |
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STMicroelectronics N.V. | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
(in millions of U.S. dollars, except per share data ($)) | |||
Six months ended | |||
June 27, | June 28, | ||
2026 | 2025 | ||
(Unaudited) | (Unaudited) | ||
Net sales | 6,570 | 5,257 | |
Other revenues | 12 | 26 | |
NET REVENUES | 6,582 | 5,283 | |
Cost of sales | (4,322) | (3,516) | |
GROSS PROFIT | 2,260 | 1,767 | |
Selling, general and administrative expenses | (873) | (810) | |
Research and development expenses | (1,071) | (1,004) | |
Other income and expenses, net | 70 | 115 | |
Impairment, restructuring charges and other related phase-out costs | (129) | (198) | |
Total operating expenses | (2,003) | (1,897) | |
OPERATING INCOME (LOSS) | 257 | (130) | |
Interest income | 80 | 122 | |
Interest expense | (28) | (29) | |
Other components of pension benefit costs | (8) | (9) | |
Gain on financial instruments, net | 7 | 6 | |
INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTEREST | 308 | (40) | |
Income tax benefit (expense) | (40) | 4 | |
NET INCOME (LOSS) | 268 | (36) | |
Net income attributable to noncontrolling interest | (9) | (5) | |
NET INCOME (LOSS) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 259 | (41) | |
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.29 | (0.05) | |
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.28 | (0.05) | |
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS | 921.3 | 894.9 | |
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STMicroelectronics N.V. | |||
CONSOLIDATED BALANCE SHEETS | |||
As at | June 27, | March 28, | December 31, |
In millions of U.S. dollars | 2026 | 2026 | 2025 |
(Unaudited) | (Unaudited) | (Audited) | |
ASSETS | |||
Current assets: | |||
Cash and cash equivalents | 3,096 | 1,889 | 2,837 |
Short-term deposits | 1,800 | 1,850 | 1,100 |
Marketable securities | 1,136 | 832 | 985 |
Trade accounts receivable, net | 2,067 | 1,820 | 1,745 |
Inventories | 3,188 | 3,173 | 3,136 |
Other current assets | 1,410 | 1,263 | 1,468 |
Total current assets | 12,697 | 10,827 | 11,271 |
Goodwill | 705 | 707 | 315 |
Other intangible assets, net | 747 | 750 | 324 |
Property, plant and equipment, net | 10,895 | 10,959 | 11,058 |
Non-current deferred tax assets | 435 | 436 | 408 |
Long-term investments | 144 | 113 | 152 |
Other non-current assets | 1,409 | 1,338 | 1,272 |
14,335 | 14,303 | 13,529 | |
Total assets | 27,032 | 25,130 | 24,800 |
LIABILITIES AND EQUITY | |||
Current liabilities: | |||
Short-term debt | 1,063 | 319 | 298 |
Trade accounts payable | 1,774 | 1,436 | 1,487 |
Other payables and accrued liabilities | 1,406 | 1,438 | 1,440 |
Dividends payable to stockholders | 265 | 18 | 89 |
Accrued income tax | 62 | 57 | 37 |
Total current liabilities | 4,570 | 3,268 | 3,351 |
Long-term debt | 2,962 | 2,250 | 1,835 |
Post-employment benefit obligations | 382 | 380 | 403 |
Long-term deferred tax liabilities | 58 | 58 | 60 |
Other long-term liabilities | 1,010 | 1,003 | 926 |
4,412 | 3,691 | 3,224 | |
Total liabilities | 8,982 | 6,959 | 6,575 |
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, 892,545,207 shares outstanding as of June 27, 2026) | 1,157 | 1,157 | 1,157 |
Additional Paid-in Capital | 3,373 | 3,331 | 3,281 |
Retained earnings | 12,888 | 13,118 | 13,082 |
Accumulated other comprehensive income | 732 | 798 | 945 |
Treasury stock | (506) | (636) | (637) |
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Total parent company stockholders' equity | 17,644 | 17,768 | 17,828 |
Noncontrolling interest | 406 | 403 | 397 |
Total equity | 18,050 | 18,171 | 18,225 |
Total liabilities and equity | 27,032 | 25,130 | 24,800 |
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STMicroelectronics N.V. | |||
SELECTED CONSOLIDATED CASH FLOW DATA | |||
Cash Flow Data (in US$ millions) | Q2 2026 | Q1 2026 | Q2 2025 |
Net Cash from operating activities | 502 | 534 | 354 |
Net Cash used in investing activities | (686) | (1,874) | (332) |
Net Cash from (used in) financing activities | 1,392 | 398 | (191) |
Net Cash increase (decrease) | 1,207 | (948) | (165) |
Selected Cash Flow Data (in US$ millions) | Q2 2026 | Q1 2026 | Q2 2025 |
Depreciation & amortization | 492 | 454 | 464 |
Net payment for Capital expenditures | (419) | (379) | (481) |
Payment for business acquisition | - | (895) | - |
Net proceeds from issuance of convertible bonds | 1,490 | - | - |
Dividends paid to stockholders | (75) | (71) | (81) |
Change in inventories, net | (42) | (3) | (140) |
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Appendix
ST Supplemental Financial Information
Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | |
Net Revenues By Market Channel (%) | |||||
Total OEM | 70% | 72% | 73% | 73% | 72% |
Distribution | 30% | 28% | 27% | 27% | 28% |
€/$ Effective Rate | 1.16 | 1.16 | 1.14 | 1.14 | 1.09 |
Reportable Segment Data (US$ m) | |||||
Analog products, MEMS and Sensors (AM&S) segment | |||||
- Net Revenues | 1,426 | 1,318 | 1,449 | 1,434 | 1,133 |
- Operating Income | 144 | 161 | 235 | 221 | 85 |
Power and Discrete products (P&D) segment | |||||
- Net Revenues | 464 | 389 | 412 | 429 | 447 |
- Operating Income (Loss) | (99) | (84) | (124) | (67) | (56) |
Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group | |||||
- Net Revenues | 1,890 | 1,707 | 1,861 | 1,863 | 1,580 |
- Operating Income | 45 | 77 | 111 | 154 | 29 |
Embedded Processing (EMP) segment | |||||
- Net Revenues | 1,147 | 975 | 1,015 | 976 | 847 |
- Operating Income | 226 | 164 | 195 | 161 | 114 |
RF Optical Communications (RFOC) segment | |||||
- Net Revenues | 445 | 409 | 449 | 345 | 336 |
- Operating Income | 94 | 61 | 105 | 57 | 60 |
Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group | |||||
- Net Revenues | 1,592 | 1,384 | 1,464 | 1,321 | 1,183 |
- Operating Income | 320 | 226 | 300 | 218 | 174 |
Others (a) | |||||
- Net Revenues | 5 | 4 | 4 | 3 | 3 |
- Operating Income (Loss) | (178) | (232) | (286) | (192) | (336) |
Total | |||||
- Net Revenues | 3,487 | 3,095 | 3,329 | 3,187 | 2,766 |
- Operating Income (Loss) | 187 | 70 | 125 | 180 | (133) |
(a)Net revenues of Others include revenues from sales of 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,
operating earnings of other products as well as PPA effects from the acquisition of NXP’s MEMS sensor business. With additional cost elements
included in the table below:
15
(US$ m) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
Unused capacity charges | 37 | 69 | 88 | 102 | 103 |
Impairment, restructuring charges and other related phase-out costs | 58 | 71 | 141 | 37 | 190 |
PPA effects from the acquisition of NXP’s MEMS sensor business | 24 | 30 | - | - | - |
(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 measures. 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 Gross Profit, Non-U.S. GAAP Operating Income, Non-U.S. GAAP Net Income and Non-U.S. GAAP
Diluted Earnings Per Share (non-U.S. GAAP measures)
Operating income before impairment, restructuring charges and other related phase-out costs, and other certain 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, and PPA effects. Non-U.S.
GAAP gross profit is also used by management to communicate the impact of PPA effects on gross margin. 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 and other certain items, such as PPA effects, net of the relevant tax impact.
Q2 2026 (US$ m, except per share data) | Gross Profit | Operating Income | Net Income | Corresponding Diluted EPS |
U.S. GAAP | 1,215 | 187 | 222 | 0.24 |
Impairment, restructuring charges and other related phase-out costs | - | 58 | 58 | |
PPA effects of NXP’s MEMS sensor business acquisition | 14 | 24 | 24 | |
Estimated income tax effect | - | - | (13) | |
Non-U.S. GAAP | 1,229 | 269 | 291 | 0.31 |
16
(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 27 2026 | Mar 28 2026 | Dec 31 2025 | Sep 27 2025 | Jun 28 2025 |
Cash and cash equivalents | 3,096 | 1,889 | 2,837 | 1,999 | 1,616 |
Short term deposits | 1,800 | 1,850 | 1,100 | 1,450 | 1,650 |
Marketable securities | 1,136 | 832 | 985 | 1,327 | 2,363 |
Total liquidity (a) | 6,032 | 4,571 | 4,922 | 4,776 | 5,629 |
Short-term debt (b) | (1,063) | (319) | (298) | (256) | (1,006) |
Long-term debt (a) (b) | (2,962) | (2,250) | (1,835) | (1,910) | (1,951) |
Total financial debt | (4,025) | (2,569) | (2,133) | (2,166) | (2,957) |
Net Financial Position (non-U.S. GAAP) | 2,007 | 2,002 | 2,789 | 2,610 | 2,672 |
Advances received on capital grants | (306) | (316) | (333) | (345) | (361) |
Adjusted Net Financial Position (non-U.S. GAAP) | 1,701 | 1,686 | 2,456 | 2,265 | 2,311 |
(a)Total liquidity and long-term debt increased following the issuance of a new $1.5 billion dual-tranche senior unsecured convertible bonds.
(b)Long-term debt contains standard conditions but does not impose minimum financial ratios. Committed credit facilities for $1,191 million equivalent
are currently undrawn. Short-term debt includes $750 million after the announcement of the early redemption of the convertible bonds due 2027.
17
(Appendix – continued)
Net Capex and Free Cash Flow (non-U.S. GAAP measures)
ST presents Net Capex as a non-U.S. GAAP measure, which is reported as part of our Free Cash Flow (non-U.S. GAAP
measure), to take into consideration the effect of advances from capital grants received on prior periods allocated to
property, plant and equipment in the reporting period.
Net Capex, a non-U.S. GAAP measure, is defined as (i) Payment for purchase of tangible assets, as reported plus (ii)
Proceeds from sale of tangible assets, as reported plus (iii) Proceeds from capital grants and other contributions, as
reported plus (iv) Advances from capital grants allocated to property, plant and equipment in the reporting period.
ST believes Net Capex provides useful information for investors and management because annual capital expenditures
budget includes the effect of capital grants. Our definition of Net Capex may differ from definitions used by other
companies, and therefore, comparability may be limited.
(US$ m) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
Payment for purchase of tangible assets, as reported | (453) | (549) | (518) | (431) | (574) |
Proceeds from sale of tangible assets, as reported | - | 3 | - | 3 | 4 |
Proceeds from capital grants and other contributions, as reported | 34 | 167 | 111 | 11 | 89 |
Advances from capital grants allocated to property, plant and equipment | 10 | 17 | 12 | 16 | 16 |
Net Capex (non-U.S. GAAP) | (409) | (362) | (395) | (401) | (465) |
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, and therefore, comparability may
be limited.
(US$ m) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
Net cash from operating activities | 502 | 534 | 674 | 549 | 354 |
Net Capex | (409) | (362) | (395) | (401) | (465) |
Payment for purchase of intangible assets, net of proceeds from sale | (31) | (17) | (20) | (18) | (41) |
Proceeds from (payment for) financial assets | 13 | 17 | (2) | - | - |
Payment for business acquisitions(a) | - | (895) | - | - | - |
Free Cash Flow (non-U.S. GAAP) | 75 | (723) | 257 | 130 | (152) |
(a)Q126 Free cash flow includes $895 million cash-out related to the acquisition of NXP MEMS sensor business.
18
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, 23, 2026 | By: | /s/ Lorenzo Grandi |
Name: | Lorenzo Grandi | ||
Title: | President and Chief Financial Officer |