STMicroelectronics Posts H1 2026 Net Loss of $171M Despite 24.6% Revenue Growth
STM has more than doubled off its 52-week low of $21.11.
Summary
STMicroelectronics swung to a $171 million H1 2026 net loss despite 24.6% revenue growth, hit by a $419 million non-cash derivative charge and $895 million acquisition cash-out, while raising full-year capex guidance.
Key Events · Earnings and Guidance · STM
-
H1 2026 Net Loss of $171M
Net loss attributable to parent was $171 million (EPS -$0.19), compared to a $46 million profit in H1 2025, driven by a $419 million non-cash fair value loss on embedded derivatives in 2020 convertible bonds.
-
Revenue Up 24.6% to $6.58B
Total revenues reached $6,582 million, up from $5,283 million in H1 2025, with growth across all reportable segments led by EMP (+33.5%) and RFOC (+32.9%).
-
Operating Income Turns Positive
Operating income was $248 million versus a $15 million loss in H1 2025, reflecting higher revenues, improved profitability, and lower impairment charges.
-
Free Cash Flow Negative $648M
Free cash flow was -$648 million, including $895 million cash paid for the NXP MEMS sensor business acquisition, compared to -$122 million in H1 2025.
Analysis · STM · Manufacturing
A $419 million non-cash charge from the fair value remeasurement of embedded derivatives in its 2020 convertible bonds pushed STMicroelectronics to a first-half 2026 net loss of $171 million, a sharp reversal from the $46 million profit a year earlier. The charge was triggered by the early redemption notice that forced bondholder conversions. Revenue jumped 24.6% to $6.58 billion, and operating performance improved significantly—operating income of $248 million versus a $15 million loss in H1 2025. However, free cash flow was deeply negative at -$648 million, weighed down by the $895 million acquisition of NXP's MEMS sensor business. The company also raised its full-year net capex guidance to the high end of its $2.0-$2.2 billion range, reflecting accelerated investments in growth drivers like Cloud Optical Interconnect.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1072 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STM was trading at $51.28 on NYSE in the Manufacturing sector, with a market capitalization of approximately $46.8B. The 52-week trading range was $21.11 to $81.42. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.