STMicroelectronics releases first quarter 2025 financial report

STMicroelectronics (ST) recently released its first quarter financial report for 2025. Affected by the sluggish automotive and industrial demand, both revenue and net profit have fallen sharply. The financial report shows that net revenue in the first quarter was approximately US$2.52 billion, a year-on-year decline of 27.3% and a month-on-month decline of 24.2%; net profit was only US$56 million, a year-on-year plunge of 89.1% and a month-on-month plunge of 83.6%.