STMicroelectronics NV

10/29/2026 | Press release | Distributed by Public on 10/29/2026 08:38

Current Report by Foreign Issuer (Form 6-K)

1
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 October, 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 October 29, 2026, announcing STMicroelectronics' 2026 Third 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.
2
PR No: C3419C
STMicroelectronics Reports Q3 2026 Financial Results
•Q326 net revenues at $3.76 billion
•Gross margin at 37.3%
•Operating income at $367 million (non-U.S. GAAP1 operating income at $429 million)
•Business outlook at mid-point: Q426 net revenues of $4.15 billion and gross margin of 39.0%
Geneva, October 29, 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 third quarter
ended September 26, 2026. This press release also contains non-U.S. GAAP measures (see Appendix for additional
information).
ST reported third quarter net revenues of $3.76 billion, gross margin of 37.3%, operating income of $367 million, and net
income of $291 million or $0.31 diluted earnings per share (non-U.S. GAAP1 operating income of $429 million, and non-
U.S. GAAP1 net income of $344 million or $0.37 diluted earnings per share).
Jean-Marc Chery, ST President & CEO, commented:
•"Q3 net revenues came above the mid-point of our business outlook range, driven by higher revenues in
CECP and Personal Electronics. Gross margin was above the mid-point of our business outlook range."
•"On a year-over-year basis, Q3 net revenues increased 17.9%. Q3 gross margin was 37.3%, operating margin
was 9.8% and net income was $291 million. On a non-U.S. GAAP1 basis operating margin was 11.4% and net
income was $344 million."
•"During the quarter, demand increased further supported by strong bookings and improving visibility, while
inventory in distribution continued to track below our standard target. Together, these indicators confirm the
continued ongoing recovery and secular growth across the markets we serve."
•"Our fourth quarter business outlook, at the mid-point, is for net revenues of $4.15 billion, increasing about
10.5% sequentially and about 24.7% year-over-year. Gross margin is expected to be about 39.0%, including
about 40 basis points of unused capacity charges."
•"The mid-point of this outlook translates into full year 2026 revenues of about $14.5 billion, representing a
22.8% year-over-year increase. Beyond the cyclical recovery across our end markets, the year-over-year
growth is supported by ST's company specific growth drivers, including AI datacenters and LEO satellite
communication. Gross margin is expected to be about 36.4%, non-U.S. GAAP1 gross margin is expected to be
about 36.6%, representing an improvement of 270 basis points versus FY25."
•"In an environment where demand remains well above supply, we continue to expand capacity aligned with
ST's strategic roadmap. We remain focused on improving profitability consistent with our intermediate
financial model. This is driven by our company-specific growth drivers and the execution of our company-
wide program to reshape our manufacturing footprint and resize our global cost base."
3
Quarterly Financial Summary
U.S. GAAP
(US$ m, except per share data)
Q3 2026
Q2 2026
Q3 2025
Q/Q
Y/Y
Net Revenues
$3,757
$3,487
$3,187
7.7%
17.9%
Gross Profit
$1,401
$1,215
$1,059
15.3%
32.2%
Gross Margin
37.3%
34.8%
33.2%
250 bps
410 bps
Operating Income
$367
$187
$180
96.4%
104.5%
Operating Margin
9.8%
5.4%
5.6%
440 bps
420 bps
Net Income
$291
$222
$237
31.2%
22.8%
Diluted Earnings Per Share
$0.31
$0.24
$0.26
29.2%
19.2%
Non-U.S. GAAP1
(US$ m, except per share data)
Q3 2026
Q2 2026
Q3 2025
Q/Q
Y/Y
Gross Profit
$1,401
$1,229
$1,059
14.0%
32.2%
Gross Margin
37.3%
35.2%
33.2%
210 bps
410 bps
Operating Income
$429
$269
$217
59.3%
98.0%
Operating Margin
11.4%
7.7%
6.8%
370 bps
460 bps
Net Income
$344
$291
$267
17.9%
28.7%
Diluted Earnings Per Share
$0.37
$0.31
$0.29
19.4%
27.6%
Third Quarter 2026 Summary Review
Net Revenues by Reportable Segment(US$ m)2
Q3 2026
Q2 2026
Q3 2025
Q/Q
Y/Y
Analog products, MEMS and Sensors (AM&S) segment
1,560
1,426
1,434
9.4%
8.8%
Power and discrete products (P&D) segment
477
464
429
2.8%
11.3%
Subtotal: Analog, Power & Discrete, MEMS and Sensors
(APMS) Product Group
2,037
1,890
1,863
7.7%
9.4%
Embedded Processing (EMP) segment
1,212
1,147
976
5.7%
24.1%
RF Optical Communications (RFOC) segment
504
445
345
13.4%
46.2%
Subtotal: Microcontrollers, Digital ICs and RF products
(MDRF) Product Group
1,716
1,592
1,321
7.8%
29.9%
Others
4
5
3
-
-
Total Net Revenues
$3,757
$3,487
$3,187
7.7%
17.9%
4
Net revenues totaled $3.76 billion, representing a year-over-year increase of 17.9%. Year-over-year net sales to OEMs
and Distribution increased 10.2% and 38.8%, respectively. On a sequential basis, net revenues increased 7.7%, 150
basis points better than the mid-point of ST's guidance.
Gross profit totaled $1.40 billion, representing a year-over-year increase of 32.2%. Gross margin of 37.3%, increased
410 basis points year-over-year, mainly due to lower unused capacity charges and better product mix.
Operating income increased from $180 million in the year-ago quarter to $367 million. ST's operating margin increased
on a year-over-year basis to 9.8% of net revenues, compared to 5.6% in the third quarter of 2025. Operating income
included $55 million impairment, restructuring charges and other related phase-out costs for the quarter, mainly reflecting
charges related to the execution of our company-wide program to reshape our manufacturing footprint and resize our
global cost base and $7 million purchase price allocation (PPA) effects from the acquisition of NXP's MEMS sensor
business. Excluding these items, non-U.S. GAAP1 Operating income stood at $429 million in the third quarter (or 11.4%
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 8.8% mainly due to MEMS and, to a lesser extent, Analog and Imaging.
•Operating profit decreased by 0.6% to $219 million. Operating margin was 14.1% compared to 15.4%.
Power and Discrete products (P&D) segment:
•Revenue increased 11.3%.
•Operating results decreased from a loss of $67 million to a loss of $81 million. Operating margin was -17.1%
compared to -15.6%.
In Microcontrollers, Digital ICs and RF products (MDRF) Product Group:
Embedded Processing (EMP) segment:
•Revenue increased 24.1% mainly due to General Purpose MCU.
•Operating profit increased by 74.2% to $280 million. Operating margin was 23.1% compared to 16.5%.
RF Optical Communications (RFOC) segment:
•Revenue increased 46.2%.
•Operating profit increased by 131.2% to $132 million. Operating margin was 26.2% compared to 16.6%.
Net income and diluted Earnings Per Share increased to $291 million and $0.31 respectively, compared to $237 million
and $0.26 respectively in the year-ago quarter. In the third quarter of 2026 non-U.S. GAAP1 Net income stood at $344
million and non-U.S. GAAP1 diluted Earnings Per Share stood at $0.37.
Cash Flow and Balance Sheet Highlights
Trailing 12 Months
(US$ m)
Q3 2026
Q2 2026
Q3 2025
Q3 2026
Q3 2025
TTM Change
Net cash from operating activities
1,020
502
549
2,730
2,158
26.5%
Free cash flow (non-U.S. GAAP1)
351
75
130
(40)2
136
-
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.
5
Net cash from operating activities was $1.02 billion in the third quarter compared to $549 million in the year-ago quarter.
Net Capex (non-U.S. GAAP1), was $643 million in the third quarter compared to $401 million in the year-ago quarter.
Free cash flow (non-U.S. GAAP1) was positive at $351 million in the third quarter compared to positive $130 million in the
year-ago quarter.
Inventory at the end of the third quarter was $3.25 billion, compared to $3.19 billion in the previous quarter and $3.17
billion in the year-ago quarter. Days sales of inventory at quarter-end was 126 days, same as the previous quarter and
compared to 135 days for the year-ago quarter.
In the third quarter, ST paid cash dividends to its stockholders totaling $83 million and executed a $91 million share
buyback, as part of its current share repurchase program.
ST's net financial position (non-U.S. GAAP1) remained strong at $2.11 billion as of September 26, 2026, compared to
$2.01 billion as of June 27, 2026, and reflected total liquidity of $5.31 billion and total financial debt of $3.21 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 $1.81 billion as of September 26, 2026.
Following the exercise of the call option for the early redemption of ST's convertible debt due in 2027, bondholders
exercised their conversion rights on the total of $750 million convertible bonds. ST settled the bond on a net-share basis,
delivering $750 million in cash and about 4.2 million shares from treasury stock.
Business Outlook
ST's guidance, at the mid-point, for the 2026 fourth quarter is:
•Net revenues are expected to be $4.15 billion, an increase of 10.5% sequentially, plus or minus 350 basis points.
•Gross margin of 39.0%, 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 fourth quarter and includes the impact of existing hedging contracts.
•The fourth quarter will close on December 31, 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 third 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 November 13, 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
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.
6
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
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;
7
•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.
8
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 cloudconnected 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
9
STMicroelectronics N.V.
CONSOLIDATED STATEMENTS OF INCOME
(in millions of U.S. dollars, except per share data ($))
Three months ended
September 26,
September 27,
2026
2025
(Unaudited)
(Unaudited)
Net sales
3,748
3,183
Other revenues
9
4
NET REVENUES
3,757
3,187
Cost of sales
(2,356)
(2,128)
GROSS PROFIT
1,401
1,059
Selling, general and administrative expenses
(448)
(395)
Research and development expenses
(545)
(502)
Other income and expenses, net
14
55
Impairment, restructuring charges and other related phase-out costs
(55)
(37)
Total operating expenses
(1,034)
(879)
OPERATING INCOME
367
180
Interest income
51
51
Interest expense
(17)
(13)
Other components of pension benefit costs
(4)
(4)
Gain (loss) on financial instruments, net
(39)
79
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST
358
293
Income tax expense
(66)
(54)
NET INCOME
292
239
Net income attributable to noncontrolling interest
(1)
(2)
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS
291
237
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY
STOCKHOLDERS
0.33
0.27
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY
STOCKHOLDERS
0.31
0.26
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING
DILUTED EPS
931.7
918.9
10
STMicroelectronics N.V.
CONSOLIDATED STATEMENTS OF INCOME
(in millions of U.S. dollars, except per share data ($))
Nine months ended
September 26,
September 27,
2026
2025
(Unaudited)
(Unaudited)
Net sales
10,318
8,440
Other revenues
21
30
NET REVENUES
10,339
8,470
Cost of sales
(6,678)
(5,643)
GROSS PROFIT
3,661
2,827
Selling, general and administrative expenses
(1,321)
(1,205)
Research and development expenses
(1,616)
(1,506)
Other income and expenses, net
85
169
Impairment, restructuring charges and other related phase-out costs
(184)
(235)
Total operating expenses
(3,036)
(2,777)
OPERATING INCOME
625
50
Interest income
131
173
Interest expense
(45)
(42)
Other components of pension benefit costs
(13)
(13)
Gain (loss) on financial instruments, net
(32)
85
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST
666
253
Income tax expense
(106)
(50)
NET INCOME
560
203
Net income attributable to noncontrolling interest
(10)
(7)
NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS
550
196
EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY
STOCKHOLDERS
0.62
0.22
EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY
STOCKHOLDERS
0.60
0.21
NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING
DILUTED EPS
924.8
927.8
11
STMicroelectronics N.V.
CONSOLIDATED BALANCE SHEETS
As at
September 26,
June 27,
December 31,
In millions of U.S. dollars
2026
2026
2025
(Unaudited)
(Unaudited)
(Audited)
ASSETS
Current assets:
Cash and cash equivalents
2,612
3,096
2,837
Short-term deposits
1,400
1,800
1,100
Marketable securities
1,300
1,136
985
Trade accounts receivable, net
2,190
2,067
1,745
Inventories
3,248
3,188
3,136
Other current assets
1,488
1,410
1,468
Total current assets
12,238
12,697
11,271
Goodwill
704
705
315
Other intangible assets, net
732
747
324
Property, plant and equipment, net
11,116
10,895
11,058
Non-current deferred tax assets
413
435
408
Long-term investments
111
144
152
Other non-current assets
1,350
1,409
1,272
14,426
14,335
13,529
Total assets
26,664
27,032
24,800
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt
309
1,063
298
Trade accounts payable
1,840
1,774
1,487
Other payables and accrued liabilities
1,504
1,406
1,440
Dividends payable to stockholders
182
265
89
Accrued income tax
81
62
37
Total current liabilities
3,916
4,570
3,351
Long-term debt
2,897
2,962
1,835
Post-employment benefit obligations
386
382
403
Long-term deferred tax liabilities
55
58
60
Other long-term liabilities
1,126
1,010
926
4,464
4,412
3,224
Total liabilities
8,380
8,982
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, 895,970,755 shares
outstanding as of September 26, 2026)
1,157
1,157
1,157
Additional Paid-in Capital
3,333
3,373
3,281
Retained earnings
13,157
12,888
13,082
Accumulated other comprehensive income
702
732
945
Treasury stock
(472)
(506)
(637)
12
Total parent company stockholders' equity
17,877
17,644
17,828
Noncontrolling interest
407
406
397
Total equity
18,284
18,050
18,225
Total liabilities and equity
26,664
27,032
24,800
STMicroelectronics N.V.
SELECTED CONSOLIDATED CASH FLOW DATA
Cash Flow Data (in US$ millions)
Q3 2026
Q2 2026
Q3 2025
Net Cash from operating activities
1,020
502
549
Net Cash from (used in) investing activities
(462)
(686)
815
Net Cash from (used in) financing activities
(1,041)
1,392
(980)
Net Cash increase (decrease)
(484)
1,207
383
Selected Cash Flow Data (in US$ millions)
Q3 2026
Q2 2026
Q3 2025
Depreciation & amortization
504
492
482
Net payment for Capital expenditures
(649)
(419)
(417)
Net proceeds from issuance of convertible bonds
-
1,490
-
Settlement of issued convertible bonds
(750)
-
(750)
Dividends paid to stockholders
(83)
(75)
(81)
Change in inventories, net
(61)
(42)
98
13
Appendix
ST Supplemental Financial Information
Q3 2026
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Net Revenues By Market Channel (%)
Total OEM
68%
70%
72%
73%
73%
Distribution
32%
30%
28%
27%
27%
€/$ Effective Rate
1.15
1.16
1.16
1.14
1.14
Reportable Segment Data (US$ m)
Analog products, MEMS and Sensors (AM&S)
segment
- Net Revenues
1,560
1,426
1,318
1,449
1,434
- Operating Income
219
144
161
235
221
Power and Discrete products (P&D) segment
- Net Revenues
477
464
389
412
429
- Operating Income (Loss)
(81)
(99)
(84)
(124)
(67)
Subtotal: Analog, Power & Discrete, MEMS
and Sensors (APMS) Product Group
- Net Revenues
2,037
1,890
1,707
1,861
1,863
- Operating Income
138
45
77
111
154
Embedded Processing (EMP) segment
- Net Revenues
1,212
1,147
975
1,015
976
- Operating Income
280
226
164
195
161
RF Optical Communications (RFOC) segment
- Net Revenues
504
445
409
449
345
- Operating Income
132
94
61
105
57
Subtotal: Microcontrollers, Digital ICs and
RF products (MDRF) Product Group
- Net Revenues
1,716
1,592
1,384
1,464
1,321
- Operating Income
412
320
226
300
218
Others (a)
- Net Revenues
4
5
4
4
3
- Operating Income (Loss)
(183)
(178)
(232)
(286)
(192)
Total
- Net Revenues
3,757
3,487
3,095
3,329
3,187
- Operating Income
367
187
70
125
180
(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:
14
(US$ m)
Q3 2026
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Unused capacity charges
23
37
69
88
102
Impairment, restructuring charges and
other related phase-out costs
55
58
71
141
37
PPA effects from the acquisition of NXP's MEMS
sensor business
7
24
30
-
-
15
(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.
Q3 2026
(US$ m, except per share data)
Gross Profit
Operating
Income
Net Income
Corresponding
Diluted EPS
U.S. GAAP
1,401
367
291
0.31
Impairment, restructuring charges and other
related phase-out costs
-
55
55
PPA effects of NXP's MEMS sensor business
acquisition
-
7
7
Estimated income tax effect
-
-
(9)
Non-U.S. GAAP
1,401
429
344
0.37
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)
Sep 26
2026
Jun 27
2026
Mar 28
2026
Dec 31
2025
Sep 27
2025
Cash and cash equivalents
2,612
3,096
1,889
2,837
1,999
Short term deposits
1,400
1,800
1,850
1,100
1,450
Marketable securities
1,300
1,136
832
985
1,327
Total liquidity
5,312
6,032
4,571
4,922
4,776
Short-term debt
(309)(b)
(1,063)(b)
(319)
(298)
(256)
Long-term debt (a)
(2,897)
(2,962)
(2,250)
(1,835)
(1,910)
Total financial debt
(3,206)
(4,025)
(2,569)
(2,133)
(2,166)
Net Financial Position (non-U.S. GAAP)
2,106
2,007
2,002
2,789
2,610
Advances received on capital grants
(300)
(306)
(316)
(333)
(345)
Adjusted Net Financial Position (non-U.S. GAAP)
1,806
1,701
1,686
2,456
2,265
(a)Long-term debt contains standard conditions but does not impose minimum financial ratios. Committed credit facilities for $1,198 million equivalent
are currently undrawn.
(b)During Q326 ST net settled its convertible bond due 2027 delivering $750 million in cash and about 4.2 million shares from treasury stock. Q226
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)
Q3
2026
Q2
2026
Q1
2026
Q4
2025
Q3
2025
Payment for purchase of tangible assets, as reported
(683)
(453)
(549)
(518)
(431)
Proceeds from capital grants and other contributions, as reported
31
34
167
111
11
Advances from capital grants allocated to property, plant and equipment
6
10
17
12
16
Proceeds from sale of tangible assets, as reported
3
-
3
-
3
Net Capex (non-U.S. GAAP)
(643)
(409)
(362)
(395)
(401)
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)
Q3
2026
Q2
2026
Q1
2026
Q4
2025
Q3
2025
Net cash from operating activities
1,020
502
534
674
549
Net Capex
(643)
(409)
(362)
(395)
(401)
Payment for purchase of intangible assets, net of proceeds from sale
(20)
(31)
(17)
(20)
(18)
Proceeds from (payment for) financial assets
(6)
13
17
(2)
-
Payment for business acquisitions(a)
-
-
(895)
-
-
Free Cash Flow (non-U.S. GAAP)
351
75
(723)
257
130
(
(a) Q126 Free cash flow includes $895 million cash-out related to the acquisition of NXP MEMS sensor business.
18
(Appendix - continued)
Financial Calendar
The financial calendar for the remaining of 2026 is as follows:
December 16, 2026 - January 28, 2027 Quiet period
January 28, 2027 Q4 2026 Financial Results
The financial calendar for 2027 is as follows:
March 16, 2027 - April 22, 2027 Quiet period
April 22, 2027 Q1 2027 Financial Results
June 16, 2027 - July 22, 2027 Quiet period
July 22, 2027 Q2 2027 Financial Results
September 16, 2027 - October 21, 2027 Quiet period
October 21, 2027 Q3 2027 Financial Results
These dates are preliminary and are subject to final confirmation.
19
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:
October, 29, 2026
By:
/s/ Lorenzo Grandi
Name:
Lorenzo Grandi
Title:
President and Chief Financial Officer
STMicroelectronics NV published this content on October 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 29, 2026 at 14:39 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]