STMicroelectronics reported first-quarter 2025 net revenues of $2.52 billion on April 24, 2025, representing a 27.3% decrease year-over-year. The company's gross margin for the quarter was 33.4%, impacted by product mix, higher unused capacity charges, and lower sales prices.
The operating margin for Q1 2025 was a slim 0.1%, leading to a net income of $50 million, or $0.06 per share. Despite these weak results, management characterized the first quarter as the bottom point for the year, signaling an expectation for recovery.
For the second quarter of 2025, STMicroelectronics forecasts rising sales from the low point seen in Q1. CEO Jean-Marc Chery stated that the company has not observed any panic from customers or immediate reaction to potential U.S. tariffs, though he remains wary of their impact on global automotive production.
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