{ "title": "ST Q2 2026 Non-Joint Supply Signal: P&D +19.2% QoQ, Two 200 mm SiC Ramps, Zero Exact Robot-Component Split", "rciNumber": "RCI 042", "version": "0.1.0", "schemaVersion": 1, "released": "2026-08-11", "canonical": "https://robotcomponentindex.com/research/st-q2-2026-non-joint-supply-signal/", "scope": "A facts-first review of STMicroelectronics' Q2 2026 Form 6-K and semi-annual report. It records company and segment financial signals, two disclosed 200 mm silicon-carbide manufacturing starts, and one sensor-business acquisition boundary. It is not a robot-component demand table, product benchmark, capacity or yield estimate, procurement recommendation or investment analysis.", "sourceIdentity": { "issuer": "STMicroelectronics N.V.", "form": "6-K with Q2 2026 semi-annual report", "cik": "0000932787", "accession": "0000932787-26-000058", "periodEnded": "2026-06-27", "filedAt": "2026-07-30", "url": "https://www.sec.gov/Archives/edgar/data/932787/000093278726000058/stm-6k_q2x2026.htm", "bytes": 1949375, "sha256": "775dbace0a6747445f33d607631ef6d423244cc22e0dceca9b00ebbc1031b55f", "rightsTreatment": "SEC-hosted issuer filing; RCI publishes independently worded factual observations, source metadata and original analysis only. No filing prose, image or table is mirrored." }, "headlineSignal": { "powerAndDiscreteSequentialChangePercent": 19.2, "powerAndDiscreteYearOverYearChangePercent": 3.7, "siliconCarbideManufacturingStarts": 2, "exactRobotComponentSplitDisclosed": false, "rciHardwareTestsPerformed": 0, "interpretation": "The filing supports broad upstream financial and manufacturing signals across power, sensing and embedded processing. It does not attribute those signals to robots, orderable products or validated manufacturing output." }, "observations": [ { "id": "RCI042-O01", "field": "q2_net_revenue", "value": 3487, "unit": "USD millions", "evidenceClass": "issuer-reported-GAAP", "source": "Form 6-K semi-annual report, Q2 2026 results", "boundary": "Company-wide revenue; not robot, BMS, sensor, MCU or exact-product revenue." }, { "id": "RCI042-O02", "field": "q2_net_revenue_sequential_change", "value": 12.7, "unit": "percent", "evidenceClass": "issuer-reported-historical-comparison", "source": "Form 6-K semi-annual report, Q2 2026 results", "boundary": "Company-wide sequential change; the filing identifies CECP and Automotive as drivers." }, { "id": "RCI042-O03", "field": "q2_net_revenue_year_over_year_change", "value": 26, "unit": "percent", "evidenceClass": "issuer-reported-historical-comparison", "source": "Form 6-K semi-annual report, Q2 2026 results", "boundary": "Company-wide year-over-year change; not a robot-component market-growth rate." }, { "id": "RCI042-O04", "field": "power_and_discrete_revenue_sequential_change", "value": 19.2, "unit": "percent", "evidenceClass": "issuer-reported-segment-comparison", "source": "Form 6-K semi-annual report, reportable-segment results", "boundary": "P&D contains discrete and power-transistor products; no SiC-only, robot-only or orderable-part split." }, { "id": "RCI042-O05", "field": "power_and_discrete_revenue_year_over_year_change", "value": 3.7, "unit": "percent", "evidenceClass": "issuer-reported-segment-comparison", "source": "Form 6-K semi-annual report, reportable-segment results", "boundary": "Segment growth is not exact-device demand and cannot be assigned to L99BM114 or another BMS component." }, { "id": "RCI042-O06", "field": "analog_MEMS_and_sensors_revenue_change", "value": "8.2 sequential; 26.0 year over year", "unit": "percent", "evidenceClass": "issuer-reported-segment-comparison", "source": "Form 6-K semi-annual report, reportable-segment results", "boundary": "AM&S combines analog, MEMS sensors and actuators, and optical sensing; no model or robotics allocation." }, { "id": "RCI042-O07", "field": "embedded_processing_revenue_change", "value": "17.7 sequential; 35.5 year over year", "unit": "percent", "evidenceClass": "issuer-reported-segment-comparison", "source": "Form 6-K semi-annual report, reportable-segment results", "boundary": "EMP combines general-purpose and automotive MCUs, connected security and automotive ADAS custom processing; not robot main-compute demand." }, { "id": "RCI042-O08", "field": "q2_GAAP_gross_margin", "value": 34.8, "unit": "percent", "evidenceClass": "issuer-reported-GAAP", "source": "Form 6-K semi-annual report, Q2 2026 results", "boundary": "Company-wide margin; includes product-mix, unused-capacity and acquisition-accounting effects and is not a component cost benchmark." }, { "id": "RCI042-O09", "field": "power_and_discrete_operating_result", "value": -99, "unit": "USD millions", "evidenceClass": "issuer-reported-segment-result", "source": "Form 6-K semi-annual report, reportable-segment results", "boundary": "P&D operating loss increased from an $84 million loss in the prior quarter; revenue growth alone is not profitability or supply-health proof." }, { "id": "RCI042-O10", "field": "200mm_silicon_carbide_manufacturing_status", "value": "manufacturing started and ramp-up entered in Catania and the Sanan ST Chongqing joint venture", "unit": "status during Q2 2026", "evidenceClass": "issuer-reported-manufacturing-status", "source": "Form 6-K semi-annual report, property and manufacturing disclosures", "boundary": "A facility ramp is not qualified yield, capacity, shipment, robot adoption or product-availability evidence." }, { "id": "RCI042-O11", "field": "construction_in_progress_reclassified_after_SiC_start", "value": 1215, "unit": "USD millions", "evidenceClass": "issuer-reported-accounting-fact", "source": "Form 6-K semi-annual report, property and manufacturing disclosures", "boundary": "Reclassification to property, plant and equipment covers the two manufacturing starts; it is not quarterly SiC revenue or production capacity." }, { "id": "RCI042-O12", "field": "NXP_MEMS_sensor_business_acquisition_status", "value": "completed 2026-02-02; activities included in AM&S", "unit": "status", "evidenceClass": "issuer-reported-business-combination", "source": "Form 6-K semi-annual report, business-combination disclosure", "boundary": "The acquisition broadens current-period sensor scope and weakens like-for-like product inference; it supplies no robot-sensor model table." } ], "disclosureAudit": [ { "id": "RCI042-D01", "field": "fixed_filing_identity", "status": "disclosed", "evidence": "Accession, URL, period, byte count and audit-date SHA-256 identify the reviewed HTML document.", "boundary": "The digest identifies the downloaded filing HTML bytes, not a laboratory sample or complete SEC filing package." }, { "id": "RCI042-D02", "field": "robotics_revenue", "status": "not-disclosed", "evidence": "No robotics end-market revenue or unit table is supplied.", "boundary": "Company and segment changes cannot be treated as robot demand." }, { "id": "RCI042-D03", "field": "exact_product_revenue", "status": "not-disclosed", "evidence": "No orderable-part revenue table is supplied.", "boundary": "Segment changes cannot be allocated to L99BM114, MCUs, MEMS sensors or SiC product families." }, { "id": "RCI042-D04", "field": "SiC_capacity_and_yield", "status": "not-disclosed", "evidence": "The filing reports manufacturing starts and ramp-up status.", "boundary": "No qualified capacity, yield, utilization or shipment quantity is disclosed." }, { "id": "RCI042-D05", "field": "robot_main_compute", "status": "not-disclosed", "evidence": "Embedded Processing is a broad reportable segment.", "boundary": "It is not a robot main-compute platform category." }, { "id": "RCI042-D06", "field": "sensor_model_split", "status": "not-disclosed", "evidence": "AM&S and the acquired MEMS business are not broken down by model.", "boundary": "No orderable sensor or robot-application allocation is supported." }, { "id": "RCI042-D07", "field": "battery_BMS_component_split", "status": "not-disclosed", "evidence": "No exact battery-management IC table is supplied.", "boundary": "No design win, demand, pricing or performance record for a BMS part can be inferred." }, { "id": "RCI042-D08", "field": "forward_backlog", "status": "direction-only", "evidence": "The filing says backlog entering Q3 was higher.", "boundary": "It also warns of cancellation, pushback and frame-order conversion risk; backlog is not shipment or revenue." }, { "id": "RCI042-D09", "field": "independent_validation", "status": "not-performed", "evidence": "RCI reviewed one filing and traced twelve observations.", "boundary": "Zero chips, sensors, controllers, batteries, robots or manufacturing lines were tested by RCI." }, { "id": "RCI042-D10", "field": "investment_or_procurement_conclusion", "status": "out-of-scope", "evidence": "The source describes one issuer's quarter.", "boundary": "It does not establish investment merit, market share, supplier reliability or component procurement suitability." } ], "method": "RCI fixed the SEC accession, downloaded the primary HTML document with an identifying user agent, recorded its byte count and SHA-256 digest, and traced twelve independently worded observations to filing sections. Historical results, manufacturing status, acquisition effects, forward-looking backlog language and missing fields remain separately labeled. No issuer prose, image or table is reproduced and no physical test was performed.", "highestCompletedWorkLevel": "EV1 filing-source verification", "limitations": [ "All operating, acquisition and manufacturing facts originate with STMicroelectronics and are not independent validation.", "Reportable segments combine many products and end markets and cannot be converted into robot-component demand.", "Manufacturing start and ramp-up language does not disclose qualified capacity, yield, utilization or shipments.", "Current-period AM&S results include the acquired NXP MEMS sensor business and are not a clean model-level comparison.", "RCI performed zero chip, sensor, controller, battery, robot or manufacturing tests." ], "license": { "rciOwnedData": "CC-BY-4.0", "rciOwnedCode": "MIT", "thirdPartyMaterials": "excluded; retain source-specific rights", "note": "This dataset contains RCI-authored factual abstraction, source metadata and original analysis. It does not redistribute the SEC filing or issuer media." }, "suggestedCitation": "Robot Component Index. “ST Q2 2026 Non-Joint Supply Signal: P&D +19.2% QoQ, Two 200 mm SiC Ramps, Zero Exact Robot-Component Split.” RCI 042, version 0.1.0, 2026-08-11. https://robotcomponentindex.com/research/st-q2-2026-non-joint-supply-signal/" }