STMicroelectronics N.V. (STM) Barclays twenty third Annual World Expertise Convention December 11, 2025 1:25 PM EST
Firm Members
Lorenzo Grandi – President & CFO
Convention Name Members
Simon Coles – Barclays Financial institution PLC, Analysis Division
Presentation
Simon Coles
Barclays Financial institution PLC, Analysis Division
I believe we’re prepared to begin. Hello, everybody. I am Simon Coles, Head of European Expertise {Hardware} and Semiconductor Analysis right here at Barclays. Delighted to have Lorenzo, CFO of STMicro with me right here immediately. Thanks a lot for becoming a member of us.
Lorenzo Grandi
President & CFO
Thanks.
Query-and-Reply Session
Simon Coles
Barclays Financial institution PLC, Analysis Division
Possibly we’ll begin off with kind of setting the scene somewhat bit. So 2025 was an fascinating yr. The business hoped for some restoration within the analog area, and it by no means actually materialized as hope. So possibly you would give us a kind of a overview of how STM for the yr. After which you would give us an replace on kind of how you feel in regards to the auto and industrial markets at this level?
Lorenzo Grandi
President & CFO
Sure, certain. Good morning, everyone. Nicely, let’s begin to say that trying on the present quarter, I can affirm that what we mentioned getting into the quarter is what’s going on. To illustrate, we see the state of affairs evolving constantly with our expectations. And possibly for some parts, even somewhat bit higher than our expectation. However you realize that this yr for us in 2025, 2025, clearly, the primary a part of the yr — the primary half of the yr was impacted in automotive and likewise in industrial by a major stock correction. Taking a look at automotive, clearly, we have now a number of clients, necessary buyer for us that have been considerably correcting this stock within the first a part of the yr. And now I’ve to say that that is behind us. Certainly, once we look ranging from Q2, we began to develop on a
