STMicroelectronics N.V.
- Open
- 62.37
- Day high
- 62.94
- Day low
- 61.32
- Prev close
- 62.06
- Volume
- 7.1M
- Mkt cap
- $54.9B
- P/E (TTM)
- 386.1
- EPS (TTM)
- $0.16
- P/B
- 3.1
- P/S
- 4.4
- Yield
- 0.29%
- Per share
- $0.18
STMicroelectronics N.V. (STM) is a Technology company listed on NYSE. The stock is up 89% over the past year.
STMicroelectronics N.V. (STM) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
STM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.19 | $0.13 | -31.6% | $3.1B | +1.2% |
| Jan 29, 2026 | $0.27 | $0.11 | -59.3% | $3.3B | +9.3% |
| Oct 23, 2025 | $0.22 | $0.29 | +31.8% | $3.2B | -3.6% |
| Jul 24, 2025 | $0.10 | $0.06 | -40.0% | $2.8B | -11.9% |
| Apr 24, 2025 | $0.05 | $0.07 | +40.0% | $2.5B | -4.9% |
| Jan 30, 2025 | $0.35 | $0.37 | +5.7% | $3.3B | +16.7% |
| Oct 31, 2024 | $0.33 | $0.37 | +12.1% | $3.3B | +0.1% |
| Jul 25, 2024 | $0.36 | $0.38 | +5.6% | $3.2B | +0.9% |
| Apr 25, 2024 | $0.59 | $0.54 | -8.5% | $3.5B | -4.0% |
| Jan 25, 2024 | $0.95 | $1.14 | +20.0% | $4.3B | -0.6% |
| Oct 26, 2023 | $1.09 | $1.16 | +6.4% | $4.4B | +1.3% |
| Jul 27, 2023 | $1.08 | $1.06 | -1.9% | $4.3B | +0.9% |
STMicroelectronics N.V. company profile
Overview
STMicroelectronics N.V. (NYSE:STM) is a European semiconductor company founded in 1987 through the merger of Italy's SGS Microelettronica and France's Thomson Semiconducteurs. Headquartered in Schiphol, Netherlands, STMicroelectronics has evolved into one of the world's largest semiconductor manufacturers, serving automotive, industrial, personal electronics, and communications markets globally. The company went public in 1994 and operates manufacturing facilities across Europe, Asia, and the Americas, focusing on analog and mixed-signal semiconductors, microcontrollers, and power management solutions.
Business
STMicroelectronics operates in the global semiconductor industry, designing and manufacturing integrated circuits (ICs) and discrete components that serve as the electronic brains and power management systems in modern devices. Semiconductors are materials that can conduct electricity under certain conditions, and when engineered into chips, they enable everything from smartphones to electric vehicles to function. The company operates through three main business segments. The Automotive and Discrete Group represents approximately 40% of revenues and produces specialized chips for cars, including power transistors that manage electrical current in electric vehicle batteries and charging systems, as well as silicon carbide components that handle high-voltage applications more efficiently than traditional silicon. The Analog, MEMS and Sensors Group accounts for roughly 30% of revenues and creates chips that interface with the physical world - motion sensors in smartphones, pressure sensors in automotive systems, and amplifiers that boost electronic signals. MEMS (Micro-Electro-Mechanical Systems) are tiny mechanical devices built on semiconductor wafers that can sense motion, pressure, or sound. The Microcontrollers and Digital ICs Group generates about 30% of revenues and produces the STM32 family of microcontrollers - essentially small computers on a chip that control everything from washing machines to industrial robots, along with wireless communication chips for Internet of Things devices. The company also manufactures silicon carbide semiconductors, a newer technology that can handle higher voltages and temperatures than traditional silicon, making them ideal for electric vehicle powertrains and renewable energy systems. This represents a fast-growing segment that reached $1.1 billion in 2024 revenue.
Revenue model
STMicroelectronics generates revenue primarily through direct product sales to original equipment manufacturers (OEMs), contract manufacturers, and distributors. The company sells semiconductor chips at unit prices ranging from cents for simple components to hundreds of dollars for complex automotive processors. Revenue is recognized when products are shipped and accepted by customers. The business model benefits from several factors that can expand margins. Long-term supply agreements with automotive customers provide revenue visibility and pricing stability, as car manufacturers require guaranteed chip supply for vehicle production spanning multiple years. The company's focus on higher-value applications like electric vehicle power management and industrial automation commands premium pricing compared to commodity semiconductors. Manufacturing scale advantages allow STMicroelectronics to spread fixed costs across larger production volumes, while vertical integration of silicon carbide production from raw materials to finished chips captures more value in the supply chain. However, several factors can pressure margins. The semiconductor industry experiences cyclical demand swings, with periods of oversupply leading to price competition and underutilized manufacturing capacity. Raw material costs for silicon wafers and specialized chemicals can fluctuate significantly. The company faces ongoing pricing pressure from customers, particularly in automotive markets where cost reduction is constant. Capital intensity is extremely high, with new fabrication facilities costing billions of dollars and requiring continuous technology upgrades. Competition from Asian manufacturers, particularly in China, can drive down prices in certain market segments. Additionally, the shift toward more complex, customized chips requires higher research and development spending while potentially reducing manufacturing efficiency.
Competitive moat
STMicroelectronics possesses a moderate competitive moat built primarily around customer switching costs and specialized manufacturing capabilities. In the automotive sector, the company benefits from lengthy design-in cycles where chips are integrated into vehicle platforms during development phases lasting 3-5 years. Once embedded, these semiconductors are difficult to replace due to extensive testing and certification requirements, creating customer stickiness. The company's STM32 microcontroller ecosystem, with over 1.3 million registered developers, generates network effects as engineers trained on these platforms prefer to continue using them for new projects. The company's vertical integration in silicon carbide manufacturing provides some competitive advantage, as this technology requires specialized expertise and significant capital investment that creates barriers to entry. STMicroelectronics' relationships with major automotive OEMs, built over decades, offer preferential access to design opportunities and volume commitments. However, the moat faces several challenges. The semiconductor industry's rapid technological evolution means competitive advantages can erode quickly as new technologies emerge. Asian competitors, particularly Chinese companies, are investing heavily in semiconductor capabilities and often compete aggressively on price. The automotive industry's push toward standardization and cost reduction can commoditize certain chip categories over time. Additionally, large customers like automotive OEMs have significant bargaining power and actively work to avoid single-source dependencies, limiting STMicroelectronics' pricing power. The company's moat is strongest in specialized, high-reliability applications but weaker in more standardized semiconductor categories where competition is intense.
Risks & safety
STMicroelectronics maintains a solid financial position with moderate margin of safety, though recent earnings volatility raises some concerns. • **Solvency**: Strong balance sheet with $2.3 billion cash, current ratio of 3.1x, and debt-to-equity ratio of only 0.18x indicating low financial risk • **Cash Flow**: Positive operating cash flow of $3.0 billion in 2024, though free cash flow turned negative at -$216 million due to heavy capital expenditures of $3.2 billion • **Valuation**: Trading at 14.4x trailing P/E and 1.3x book value, appearing reasonably valued compared to historical levels • **Cyclical Risk**: Revenue declined 23% in 2024 to $13.3 billion with significant margin compression, highlighting industry cyclicality • **Capital Intensity**: High ongoing CapEx requirements of $2-2.3 billion annually strain cash generation during downturns
Recent development
Over the past few years, STMicroelectronics has undergone significant strategic transformation focused on automotive electrification and manufacturing optimization. The company has aggressively expanded its silicon carbide capabilities, growing revenues from $700 million in 2022 to $1.1 billion in 2024, with plans to reach $2 billion by 2025. This involved major capital investments including a new €5 billion silicon carbide manufacturing facility in Catania, Italy, and vertical integration from raw materials to finished products. The company launched a comprehensive manufacturing footprint restructuring program in 2024, targeting $300-360 million in annual cost savings by 2027 through accelerated transition to 300mm silicon wafer production and 200mm silicon carbide manufacturing. This initiative includes temporary fab closures and workforce optimization to improve long-term competitiveness. STMicroelectronics has strengthened its position in automotive markets through strategic partnerships, including supply agreements with Chinese electric vehicle manufacturers like Geely Auto and expanded engagement with global automotive OEMs. The company introduced fourth-generation silicon carbide MOSFET technology and secured multiple design wins in traction inverters, on-board chargers, and battery management systems. In microcontrollers, the company expanded its STM32 ecosystem to over 1.3 million registered developers and formed strategic collaborations with partners like Qualcomm for IoT solutions. The company has also committed to carbon neutrality by 2027 and issued its first integrated sustainability report, reflecting increased focus on environmental responsibility.
STM company profile · for informational purposes only — not investment advice.
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