STMicroelectronics N.V.
STMNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $46.26 Prior regular-session close from the quote source.
- $45.46–$47.20 Regular-session low and high so far today.
- 6.0M Regular-session shares traded · Nov 12, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $21.11–$81.42 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own STM if STMicroelectronics is a diversified IDM semiconductor supplier whose value depends on (1) cyclical recovery in end-market demand and design wins that restore higher-margin product mix, and (2) its ability to use operating cash and.
STM price history
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Investment thesis
What must happen next
STM’s ownership of manufacturing capacity and resulting supply/price resilience will allow it to defend design wins and recover margins when industry demand rebounds.HoldingMateriality: High
operating_cash_flow = 5,992,000,000 USD (FY2023), 2,965,000,000 USD (FY2024), 2,152,000,000 USD (FY2025) — shows material cash generation capacity retained even after the downturn. If true, capital and operating cash convert a demand rebound into outsized margin recovery; if false, STM faces secular share loss and permanently lower profitability.
Watch: Large customers redirect long-term design content to competitors or pure-play foundries (e.g., major automotive OEMs/tiers moving designs to other suppliers).
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_cash_flow = 5,992,000,000 USD (FY2023), 2,965,000,000 USD (FY2024), 2,152,000,000 USD (FY2025) — shows material cash generation capacity retained even after.
Open source ↗STM’s revenue recovery depends on cyclical restocking and regained design wins across end-markets; top-line is therefore the leading indicator of whether the cycle is normalizing.HoldingMateriality: High
revenue declined from 17,286,000,000 USD (FY2023) to 13,269,000,000 USD (FY2024) to 11,800,000,000 USD (FY2025) — a clear cyclical downshift in top line. A multi-quarter return to positive revenue growth implies customers are restocking and design momentum exists, allowing operating leverage to return; continued revenue weakness implies structural demand or share loss.
Watch: Permanent content shifts by OEMs to rivals (NXP/Infineon/others) or to alternative architectures.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
revenue declined from 17,286,000,000 USD (FY2023) to 13,269,000,000 USD (FY2024) to 11,800,000,000 USD (FY2025) — a clear cyclical downshift in.
Open source ↗Gross-profit and operating-margin will re-expand as revenue recovers and product mix shifts back toward higher-margin products; gross_profit is the key early margin indicator.HoldingMateriality: Medium
gross_profit: 8,287,000,000 USD (FY2023) → 5,220,000,000 USD (FY2024) → 3,999,000,000 USD (FY2025) — shows margin/cost pressure but also that gross profit has historically been much higher in good cycles. Margin recovery drives operating_income and free cash flow leverage; if it fails, revenue recovery will not meaningfully lift profits or cash generation.
Watch: Sustained price competition on analog/power/MCU products or loss of higher-margin product mix to competitors.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
gross_profit: 8,287,000,000 USD (FY2023) → 5,220,000,000 USD (FY2024) → 3,999,000,000 USD (FY2025) — shows margin/cost pressure but also that gross.
Open source ↗STM’s cash and equity position gives it flexibility to invest in fabs, pursue accretive M&A, or support buybacks — enabling per-share value creation if operational recovery materializes.StrengtheningMateriality: Medium
cash = 3,222,000,000 USD (instant 2023) and 2,832,000,000 USD (instant 2025) — material liquidity after downturn. Financial flexibility turns operational recovery into durable shareholder returns; without it, the company may be forced into defensive spending that dilutes returns.
Watch: Large, necessary capex programs that consume cash without elevating margins or revenue (e.g., costly capacity expansions with low utilization).
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
cash = 3,222,000,000 USD (instant 2023) and 2,832,000,000 USD (instant 2025) — material liquidity after downturn.
Open source ↗
Full investment case & evidence
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Original research
STM’s ownership of manufacturing capacity and resulting supply/price resilience will allow it to defend design wins and recover margins when industry demand rebounds. If true, capital and operating cash convert a demand rebound into outsized margin recovery; if false, STM faces secular share loss and permanently lower profitability.
STM’s revenue recovery depends on cyclical restocking and regained design wins across end-markets; top-line is therefore the leading indicator of whether the cycle is normalizing. A multi-quarter return to positive revenue growth implies customers are restocking and design momentum exists, allowing operating leverage to return; continued revenue weakness implies structural demand or share loss.
Gross-profit and operating-margin will re-expand as revenue recovers and product mix shifts back toward higher-margin products; gross_profit is the key early margin indicator. Margin recovery drives operating_income and free cash flow leverage; if it fails, revenue recovery will not meaningfully lift profits or cash generation.
STM’s cash and equity position gives it flexibility to invest in fabs, pursue accretive M&A, or support buybacks — enabling per-share value creation if operational recovery materializes. Financial flexibility turns operational recovery into durable shareholder returns; without it, the company may be forced into defensive spending that dilutes returns.
All standing thesis claims
Original report summary
STMicroelectronics is a diversified IDM semiconductor supplier whose value depends on (1) cyclical recovery in end-market demand and design wins that restore higher-margin product mix, and (2) its ability to use operating cash and.
Bull case and bear case
Bull case and bear case for STMicroelectronics N.V.
Where the evidence on STMicroelectronics N.V. stands: Holding on the latest evidence (Nov 12, 2026). Of its 4 thesis points, 1 strengthening and 3 holding.
Bull case: what the evidence supports
STM’s ownership of manufacturing capacity and resulting supply/price resilience will allow it to defend design wins and recover margins when industry demand rebounds.
STM’s revenue recovery depends on cyclical restocking and regained design wins across end-markets; top-line is therefore the leading indicator of whether the cycle is normalizing.
Gross-profit and operating-margin will re-expand as revenue recovers and product mix shifts back toward higher-margin products; gross_profit is the key early margin indicator.
STM’s cash and equity position gives it flexibility to invest in fabs, pursue accretive M&A, or support buybacks — enabling per-share value creation if operational recovery materializes.
Bear case: what would count against it
Large customers redirect long-term design content to competitors or pure-play foundries (e.g., major automotive OEMs/tiers moving designs to other suppliers).
Permanent content shifts by OEMs to rivals (NXP/Infineon/others) or to alternative architectures.
Sustained price competition on analog/power/MCU products or loss of higher-margin product mix to competitors.
Thesis-Break Engine
Thesis-break watch · STMicroelectronics N.V.
OptimistFi is watching STMicroelectronics N.V.. No break-condition checks are on record yet — they accumulate as new filings are checked.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedForeign issuer material report (6-K).
STMicroelectronics N.V. filed an SEC report on 2026-11-09: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
- MixedForeign issuer material report (6-K).
STMicroelectronics N.V. filed an SEC report on 2026-11-04: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
- MixedForeign issuer material report (6-K).
STMicroelectronics N.V. filed an SEC report on 2026-11-02: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Large customers redirect long-term design content to competitors or pure-play foundries (e.g., major automotive OEMs/tiers moving designs to other suppliers).
- Permanent content shifts by OEMs to rivals (NXP/Infineon/others) or to alternative architectures.
- Sustained price competition on analog/power/MCU products or loss of higher-margin product mix to competitors.
- Large, necessary capex programs that consume cash without elevating margins or revenue (e.g., costly capacity expansions with low utilization).
STM news
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Financial statements
STM income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
STM: quick answers
- What is STM's short interest?
- As of October 30, 2026, 10.6M STM shares were sold short, down 4.2% from the count before. At the stock's average daily volume that is 1.0 day to cover. FINRA publishes the count twice a month. STM short interest history
- Have members of Congress traded STM?
- 6 trades in STM have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed STM trade
- Which well-known investors own STM?
- 5 of the 37 well-known funds tracked here reported STM shares in their latest 13F filings. By share of the fund's portfolio: Duquesne Family Office (Stanley Druckenmiller), 4.5%; Situational Awareness (Leopold Aschenbrenner), 2.9%; Glenview Capital Management, 0.8%. Fund portfolios
STM in well-known investors’ portfolios
5 of 37 funds reported STM shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Stanley DruckenmillerDuquesne Family Office | 4.5% | $232M | +18.8% | Q2 2026 |
| Leopold AschenbrennerSituational Awareness | 2.9% | $584M | New | Q2 2026 |
| Glenview Capital Management | 0.76% | $41.9M | New | Q2 2026 |
| George SorosSoros Fund Management | 0.02% | $1.4M | New | Q2 2026 |
| Maverick Capital | 0.01% | $825K | New | Q2 2026 |