STM -12% Guidance sul terzo trimestre sotto le attese

Fatto

STM crolla in ribasso del -12%.

Il gruppo dei semiconduttori ha riportato dei risultati sul 2Q in linea, fornendo una guidance sul 3Q al di sotto delle aspettative di consensus.

La società non ha rilasciato una guidance sul FY25.

2Q25 results:
•    Revenue at $2,766mn (-14% YoY, +10% QoQ), vs Interm./Cons. at $2,765/ 2,747mn, +0%/ +1%;
•    Gross margin at 33.5%, vs Interm./Cons. at 34.2%/ 33.5% , -0.7/ -0.0pp;
•    Adj. EBIT at $57mn (-85% YoY, 2.1% margin), vs Interm./Cons. at $83/ 52mn, -32%/ +9%;
•    Adj. EPS at $0.06 (-83% YoY), vs Interm./Cons. at $0.08/ 0.09, -21%/ -32%;
•    FCF at $-152mn vs Interm. at $117mn;
•    Days of inventories at 160 vs 151 expected;
•    Net cash at $2,672mn, vs Interm. at $3,061mn.
 
3Q25 guidance:
•    Revenue at $3,170mn (-2% YoY, +15% QoQ), vs Interm./Cons. at $3,320/ 3,096mn, -5%/ +2%;
•    Gross margin at 33.5% vs Interm./Cons. at 36.0%/ 34.7%;
•    Gross profit at $1,062mn vs Interm/Cons. at $1,195/ 1,074mn, -11%/ -1%;
•    Assumendo OpEx at $-838mn in linea con consensus, adj. EBIT at $224mn (-41% YoY, 7.1% margin), vs Interm./Cons. at $348/ 236mn, -36%/ -5%.
 

Effetto