STMicroelectronics expects Q1 2025 to be the weakest of the year with a forecasted revenue of US$2.51 billion.

It represents a 28% decline from last year and falls short of analysts’ estimates of $2.72 billion

To manage excess inventory, the company plans to cut production and temporarily close some facilities, with potential extensions into Q2.

Despite the weak outlook, STMicro reported Q4 net income of US$341 million, slightly beating analysts’ expectations of US$326 million.