Q2 2025 Financial Performance - Net revenues for Q2 2025 were $2.77 billion, a 14.4% decrease year-over-year [11, 24] - Gross margin for Q2 2025 was 33.5% [11, 29] - Non-U S GAAP operating margin decreased to 2 1% from 11 6% year-over-year [11] - Non-U S GAAP net income decreased to $57 million from $353 million year-over-year [11] H1 2025 Financial Performance - Net revenues decreased 21 1% year-over-year [11] - Non-U S GAAP net income was $120 million [11] Q3 2025 Outlook - The company expects net revenues of $3 17 billion, a 2 5% decrease year-over-year and a 14 6% increase quarter-over-quarter [11, 72] - Gross margin is expected to be about 33 5%, including approximately 340 bps of unused capacity charges [11, 73] - Net operating expenses are expected to be about $860 million [38] Segment Performance - Q2 2025 revenues for Analog products, MEMS and Sensors (AM&S) were $1 133 billion with an operating margin of 7 5% [41] - Q2 2025 revenues for Embedded Processing (EMP) were $847 million with an operating margin of 13 5% [41] - Q2 2025 revenues for Power and discrete products (P&D) were $447 million with an operating margin of -12 5% [42] - Q2 2025 revenues for RF & Optical Communications (RF&OC) were $336 million with an operating margin of 17 9% [42]