Recent News
On June 16, the company priced a dual‑tranche convertible bond offering totaling approximately $1.5 billion; in late June ST announced a new secure mobile processor (ST54M) that integrates post‑quantum cryptography acceleration alongside NFC and eSIM functionality; ST disclosed supply‑chain capacity ramp plans tied to accelerating AI data‑center demand in early June; multiple small open‑market ordinary share repurchases occurred in July and mid‑July updates showed continued buyback activity.
Technical Analysis
ADX at 31.84 signals a strong trend environment; this strength increases the significance of directional signals for near‑term price movement and implies momentum-driven moves likely persist until materially reversed.
Directional indicators improved: DI+ registered a dip‑and‑reversal at 19.04 (bullish) while DI‑ sits at 38.08 and shows a decreasing trend (bullish). Together these moves favor short‑term upside attempts, aligning with the ADX strength to suggest trend continuation if DI+ holds its reversal.
MACD sits at −3.63 with the signal at −3.70 and the MACD has crossed above its signal line — a classic bullish momentum trigger. The MACD trend shows a dip‑and‑reversal, reinforcing a shift from declining to improving momentum for price action in the coming weeks.
MRO reads −19.56 and has turned on a dip‑and‑reversal; the negative value indicates price below target and therefore potential for price appreciation as MRO moves toward zero. The magnitude suggests a meaningful technical potential for near‑term mean reversion if momentum keeps building.
RSI at 44.65 recently completed a dip‑and‑reversal, indicating that the internal momentum measures have begun to climb from a pullback and can support additional upside before reaching overbought extremes.
Price sits at $54.35 inside the Bollinger 1‑sigma band (lower $49.22 / upper $58.08) and below the 50‑day average ($66.88) but above the 20‑day average ($53.65). The 12‑day EMA shows a dip‑and‑reversal and the 200‑day average remains lower at $42.63, so the near‑term technical setup favors a rebound toward first resistance near the super trend upper value of $59.25 and the analyst price‑target mean of $61.28 if momentum persists. Short‑term beta (42‑day) remains elevated at 4.13, indicating outsized sensitivity to market moves and adding volatility risk to any rally attempt.
Fundamental Analysis
Total revenue for the period equals $3,095,000,000 with YoY revenue growth at −70.877% and a trailing revenue growth value of −7.057%; these figures show material top‑line contraction year‑over‑year while more recent growth metrics remain negative. Gross profit measured $1,045,000,000 and gross margin equaled 33.764%.
Operating metrics narrow: EBIT stands at $66,000,000, producing an EBIT margin of 3.102%. That margin sits well below the industry peer mean of 37.198% and below the industry peer median of 32.662%. QoQ EBIT margin fell by −35.442% and YoY change shows −305.43% based on the reported values, indicating substantial margin compression over both intervals.
Earnings per share came in at $0.24 versus an estimate of $0.27, a shortfall of $0.03 or −11.11% on the surprise ratio. Free cash flow registered negative $32,000,000 with a free cash flow yield of 0.503%, while operating cash flow of $534,000,000 kept liquidity supportive: cash and short‑term investments total $4,571,000,000 and the current ratio equals 3.31 with a quick ratio of 2.34.
Leverage remains manageable: total debt equals $2,783,000,000, net debt $680,000,000, debt‑to‑EBITDA stands at 4.67 and interest coverage approximates 7.38x. Return measures show compression: return on assets registers 0.148% and return on equity 0.208%.
Valuation context: trailing PE reads 866.69 while forward PE stands at 64.18. WMDST values the stock as over‑valued. Enterprise value measures at $28,809,565,438 with an enterprise multiple of 52.38 and an EVR of 9.30842; price‑target mean among analysts sits at $61.28, above current price yet within a range that reflects elevated valuation multiples versus near‑term cash flow generation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-07-23 |
| NEXT REPORT DATE: | 2026-10-22 |
| CASH FLOW | Begin Period Cash Flow | $ 2.8 B |
| Operating Cash Flow | $ 534.0 M | |
| Capital Expenditures | $ -566.00 M | |
| Change In Working Capital | $ -3.00 M | |
| Dividends Paid | $ -71.00 M | |
| Cash Flow Delta | $ -948.00 M | |
| End Period Cash Flow | $ 1.9 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.1 B | |
| Forward Revenue | $ 11.7 B | |
| COSTS | ||
| Cost Of Revenue | $ 2.0 B | |
| Depreciation | $ 426.0 M | |
| Depreciation and Amortization | $ 454.0 M | |
| Research and Development | $ 520.0 M | |
| Total Operating Expenses | $ 3.0 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.0 B | |
| EBITDA | $ 520.0 M | |
| EBIT | $ 66.0 M | |
| Operating Income | $ 96.0 M | |
| Interest Income | $ 39.0 M | |
| Interest Expense | $ 13.0 M | |
| Net Interest Income | $ 26.0 M | |
| Income Before Tax | $ 53.0 M | |
| Tax Provision | $ 10.0 M | |
| Tax Rate | 18.868 % | |
| Net Income | $ 37.0 M | |
| Net Income From Continuing Operations | $ 43.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.27 | |
| EPS Actual | $ 0.24 | |
| EPS Difference | $ -0.03 | |
| EPS Surprise | -11.111 % | |
| Forward EPS | $ 0.63 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 25.1 B | |
| Intangible Assets | $ 1.5 B | |
| Net Tangible Assets | $ 16.3 B | |
| Total Current Assets | $ 10.8 B | |
| Cash and Short-Term Investments | $ 4.6 B | |
| Cash | $ 1.9 B | |
| Net Receivables | $ 1.8 B | |
| Inventory | $ 3.2 B | |
| Long-Term Investments | $ 50.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.4 B | |
| Short-Term Debt | $ 319.0 M | |
| Total Current Liabilities | $ 3.3 B | |
| Net Debt | $ 680.0 M | |
| Total Debt | $ 2.8 B | |
| Total Liabilities | $ 7.0 B | |
| EQUITY | ||
| Total Equity | $ 17.8 B | |
| Retained Earnings | $ 13.1 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 19.99 | |
| Shares Outstanding | 888.794 M | |
| Revenue Per-Share | $ 3.48 | |
| VALUATION | Market Capitalization | $ 30.8 B |
| Enterprise Value | $ 28.8 B | |
| Enterprise Multiple | 52.381 | |
| Enterprise Multiple QoQ | 57.22 % | |
| Enterprise Multiple YoY | 17.133 % | |
| Enterprise Multiple IPRWA | high: 394.414 mean: 56.181 STM: 52.381 median: 22.264 low: -438.379 |
|
| EV/R | 9.308 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.414 | |
| Asset To Liability | 3.611 | |
| Debt To Capital | 0.126 | |
| Debt To Assets | 0.102 | |
| Debt To Assets QoQ | 7.701 % | |
| Debt To Assets YoY | -11.443 % | |
| Debt To Assets IPRWA | high: 0.579 mean: 0.153 median: 0.106 STM: 0.102 low: 0.002 |
|
| Debt To Equity | 0.145 | |
| Debt To Equity QoQ | 9.505 % | |
| Debt To Equity YoY | -10.912 % | |
| Debt To Equity IPRWA | high: 1.784 mean: 0.284 median: 0.149 STM: 0.145 low: 0.003 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.734 | |
| Price To Book QoQ | 29.403 % | |
| Price To Book YoY | 49.779 % | |
| Price To Book IPRWA | high: 18.637 mean: 5.808 median: 5.73 STM: 1.734 low: 0.296 |
|
| Price To Earnings (P/E) | 866.693 | |
| Price To Earnings QoQ | 254.662 % | |
| Price To Earnings YoY | 164.402 % | |
| Price To Earnings IPRWA | STM: 866.693 high: 539.07 mean: 88.75 median: 52.779 low: -151.151 |
|
| PE/G Ratio | -13.62 | |
| Price To Sales (P/S) | 9.955 | |
| Price To Sales QoQ | 38.76 % | |
| Price To Sales YoY | 22.097 % | |
| Price To Sales IPRWA | high: 218.897 mean: 26.158 median: 17.401 STM: 9.955 low: 0.418 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 64.181 | |
| Forward PE/G | -1.009 | |
| Forward P/S | 3.421 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 5.668 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.124 | |
| Asset Turnover Ratio QoQ | -7.884 % | |
| Asset Turnover Ratio YoY | 22.307 % | |
| Asset Turnover Ratio IPRWA | high: 0.255 median: 0.192 mean: 0.188 STM: 0.124 low: 0.001 |
|
| Receivables Turnover | 1.736 | |
| Receivables Turnover Ratio QoQ | -12.271 % | |
| Receivables Turnover Ratio YoY | 8.098 % | |
| Receivables Turnover Ratio IPRWA | high: 4.864 mean: 2.072 median: 2.039 STM: 1.736 low: 0.55 |
|
| Inventory Turnover | 0.65 | |
| Inventory Turnover Ratio QoQ | -5.094 % | |
| Inventory Turnover Ratio YoY | 12.604 % | |
| Inventory Turnover Ratio IPRWA | high: 1.183 median: 0.725 mean: 0.704 STM: 0.65 low: 0.221 |
|
| Days Sales Outstanding (DSO) | 52.554 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 124.141 | |
| Cash Conversion Cycle Days QoQ | 4.696 % | |
| Cash Conversion Cycle Days YoY | -1.031 % | |
| Cash Conversion Cycle Days IPRWA | high: 330.889 STM: 124.141 mean: 119.796 median: 119.741 low: -57.656 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.409 | |
| CapEx To Revenue | -0.122 | |
| CapEx To Depreciation | -0.835 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 20.0 B | |
| Net Invested Capital | $ 20.3 B | |
| Invested Capital | $ 20.3 B | |
| Net Tangible Assets | $ 16.3 B | |
| Net Working Capital | $ 7.6 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.399 | |
| Current Ratio | 3.313 | |
| Current Ratio QoQ | -1.499 % | |
| Current Ratio YoY | 8.586 % | |
| Current Ratio IPRWA | high: 19.487 STM: 3.313 mean: 3.118 median: 2.897 low: 0.475 |
|
| Quick Ratio | 2.342 | |
| Quick Ratio QoQ | -3.523 % | |
| Quick Ratio YoY | 4.326 % | |
| Quick Ratio IPRWA | high: 11.279 mean: 2.429 STM: 2.342 median: 2.319 low: 0.421 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.671 | |
| Cost Of Debt | 0.428 % | |
| Interest Coverage Ratio | 7.385 | |
| Interest Coverage Ratio QoQ | -40.0 % | |
| Interest Coverage Ratio YoY | -488.664 % | |
| Interest Coverage Ratio IPRWA | high: 87.858 mean: 13.103 median: 12.548 STM: 7.385 low: -116.6 |
|
| Operating Cash Flow Ratio | 0.1 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 61.799 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.521 | |
| Dividend Payout Ratio | 1.919 | |
| Dividend Rate | $ 0.08 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.331 % | |
| Revenue Growth | -7.057 % | |
| Revenue Growth QoQ | -257.277 % | |
| Revenue Growth YoY | -70.877 % | |
| Revenue Growth IPRWA | high: 74.888 % mean: 28.376 % median: 3.547 % STM: -7.057 % low: -66.446 % |
|
| Earnings Growth | -63.636 % | |
| Earnings Growth QoQ | 2.525 % | |
| Earnings Growth YoY | -21.516 % | |
| Earnings Growth IPRWA | high: 155.23 % mean: 54.418 % median: 8.85 % STM: -63.636 % low: -188.889 % |
|
| MARGINS | ||
| Gross Margin | 33.764 % | |
| Gross Margin QoQ | -4.066 % | |
| Gross Margin YoY | 1.05 % | |
| Gross Margin IPRWA | high: 86.201 % median: 64.709 % mean: 58.164 % STM: 33.764 % low: -27.549 % |
|
| EBIT Margin | 3.102 % | |
| EBIT Margin QoQ | -35.442 % | |
| EBIT Margin YoY | -305.43 % | |
| EBIT Margin IPRWA | high: 67.863 % mean: 37.198 % median: 32.662 % STM: 3.102 % low: -257.944 % |
|
| Return On Sales (ROS) | 3.102 % | |
| Return On Sales QoQ | -50.097 % | |
| Return On Sales YoY | -305.43 % | |
| Return On Sales IPRWA | high: 67.624 % mean: 37.554 % median: 33.067 % STM: 3.102 % low: -257.944 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -32.00 M | |
| Free Cash Flow Yield | 0.503 % | |
| Free Cash Flow Yield QoQ | -11.599 % | |
| Free Cash Flow Yield YoY | 187.429 % | |
| Free Cash Flow Yield IPRWA | high: 9.541 % median: 1.294 % STM: 0.503 % mean: 0.187 % low: -12.802 % |
|
| Free Cash Growth | 13.971 % | |
| Free Cash Growth QoQ | -61.192 % | |
| Free Cash Growth YoY | -131.315 % | |
| Free Cash Growth IPRWA | high: 263.082 % median: 38.554 % mean: 24.745 % STM: 13.971 % low: -265.342 % |
|
| Free Cash To Net Income | 4.189 | |
| Cash Flow Margin | 10.598 % | |
| Cash Flow To Earnings | 8.865 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.148 % | |
| Return On Assets QoQ | -222.314 % | |
| Return On Assets YoY | -34.513 % | |
| Return On Assets IPRWA | high: 14.706 % median: 13.379 % mean: 8.501 % STM: 0.148 % low: -11.994 % |
|
| Return On Capital Employed (ROCE) | 0.439 % | |
| Return On Equity (ROE) | 0.002 | |
| Return On Equity QoQ | -223.81 % | |
| Return On Equity YoY | -34.177 % | |
| Return On Equity IPRWA | high: 0.27 median: 0.19 mean: 0.123 STM: 0.002 low: -0.401 |
|
| DuPont ROE | 0.208 % | |
| Return On Invested Capital (ROIC) | 0.383 % | |
| Return On Invested Capital QoQ | -42.406 % | |
| Return On Invested Capital YoY | -353.642 % | |
| Return On Invested Capital IPRWA | high: 7.994 % median: 2.605 % mean: 2.496 % STM: 0.383 % low: -7.726 % |
|