"We are entering ‌2026 with better visibility than entering 2025, with the inventory correction in distribution progressively improving," CEO Jean-Marc Chery said in an investor call. It reported fourth-quarter net income ‌of $125 million, below market expectations of $222 million and the year-ago result of $369 million. Without the impairment charge, net income would have been $266 million. BETTER TRENDS ‍AHEADSTMicroelectronics forecast first-quarter revenue of about $3.04 billion, above last year's figure of $2.71 billion. The company had already booked an impairment related to restructuring costs in July, which marked its first net income loss in more ⁠than a decade.