STMicroelectronics
Power semiconductors, SiC, MEMS, MCU | Headquartered in Geneva
Price History
Daily closes | Euronext Paris: STMPA
Key Financials -- FY2025
Segment Performance -- FY2025
Revenue trends & operating margins
| Segment | FY2025 Trend | Q3 Op. Margin |
|---|---|---|
| Analog, MEMS & Sensors | +7.5% YoY | 15.4% |
| Power & Discrete (SiC) | −31.6% YoY | −15.6% |
| Embedded Processing (MCU) | +1.2% YoY | 16.5% |
| Overall Company | −11.1% YoY | 6.8% (non-GAAP) |
Peer Valuation Comparison
Semiconductor sector benchmarks
| Company | Ticker | P/S (×) | EV/EBITDA | Gross Margin |
|---|---|---|---|---|
| STMicroelectronics | STMPA | -- | 8.45× | 33.9% |
| Texas Instruments | TXN | 9.53× | 22.18× | 57.5% |
| Analog Devices | ADI | 12.40× | 28.43× | 63.1% |
| NXP Semiconductors | NXPI | 4.79× | 16.52× | 55.4% |
| Sector Avg | -- | 4.8× | ~18× | ~55% |
Gross Margin Trajectory
Quarterly actuals vs forecast
Risk Assessment
Power & Discrete segment down 31.6% YoY. EV adoption slowdown and intensifying competition from Wolfspeed, Onsemi directly impact the highest-growth segment.
GM fell from 39.3% to 33.9% in FY2025. Recovery depends on cost program execution (€300–360M target) and volume recovery in SiC.
Automotive accounts for ~45% of revenue. Any further slowdown in EV ramp or ICE-to-EV transition delay extends the downcycle.
Manufacturing exposure in Crolles (France) and Catania (Italy). US-China trade tensions could affect customer supply chain decisions.
Revenue reported in USD, listed in EUR. EUR/USD fluctuation creates P&L noise but is partially hedged operationally.
Price Target Scenarios
SiC accelerates, GM returns to 40%+, cost savings fully delivered. Multiple re-rates toward NXP levels.
Gradual recovery; GM reaches 36–38% by end-2026; SiC grows modestly; consensus target roughly achieved.
EV demand delays, SiC competition intensifies, cost program stalls. April 2025 lows re-tested.
Rating Summary & Technical Levels
Rating Summary
| Rating | Hold |
| Conviction | Medium |
| 12M Price Target | €30 |
| Analyst Consensus | €27.0 (range €20–€36.75) |
| Position Size | 1.5%–3.5% |
| Next Earnings | Apr 23, 2026 |
Technical Levels
| Support 1 | €22–23 |
| Support 2 | €18–20 (2025 lows) |
| Resistance 1 | €30–31 |
| Resistance 2 | €36–38 |
| 200-DMA | €22.9 |
| 52-Wk Range | €18 – €39 |