STMicroelectronics N.V. (STM) Barclays 23rd Annual Global Technology Conference December 11, 2025 1:25 PM EST

Company Participants

Lorenzo Grandi - President & CFO

Conference Call Participants

Simon Coles - Barclays Bank PLC, Research Division

Presentation

Simon Coles Barclays Bank PLC, Research Division

I think we’re ready to start. Hi, everyone. I’m Simon Coles, Head of European Technology Hardware and Semiconductor Research here at Barclays. Delighted to have Lorenzo, CFO of STMicro with me here today. Thanks so much for joining us.

Lorenzo Grandi President & CFO

Thank you.

Question-and-Answer Session

Simon Coles Barclays Bank PLC, Research Division

Maybe we’ll start off with sort of setting the scene a little bit. So 2025 was an interesting year. The industry was hoping for some recovery in the analog space, and it never really materialized as hope. So maybe you could give us a sort of a review of how STM for the year. And then you could give us an update on sort of how you’re feeling about the auto and industrial markets at this point?

Lorenzo Grandi President & CFO

Yes, sure. Good morning, everybody. Well, let’s start to say that looking at the current quarter, I can confirm that what we said entering the quarter is what is going on. Let’s say, we see the situation evolving consistently with our expectations. And maybe for some elements, even a little bit better than our expectation. But you know that this year for us in 2025, looking at 2025, clearly, the first part of the year – the first half of the year was impacted in automotive and also in industrial by a significant inventory correction. Looking at automotive, clearly, we have a few customers, important customer for us that were significantly correcting this inventory in the first part of the year. And now I have to say that this is behind us. Indeed, when we look starting from Q2, we started to grow on a

Recommended For You