Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 52

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 52
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 primarily due to content growth in our industrial market.

23

Operating Costs and Expenses

Operating costs and expenses for the three and six months ended June 30, 2025 and 2024 are presented, in millions of dollars and as a percentage of net revenue, in the following table. Amounts and percentages in the table below have been calculated based on unrounded numbers. Accordingly, certain amounts may not appear to recalculate due to the effect of rounding.

 For the three months endedFor the six months ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024AmountPercentAmountPercentAmountPercentAmountPercent Operating costs and expenses:Cost of revenue$657.1 69.7 %$724.4 70.0 %$1,295.8 69.9 %$1,413.7 69.2 %Research and development32.6 3.5 45.3 4.4 69.4 3.7 90.6 4.4 Selling, general and administrative87.8 9.3 93.3 9.0 173.9 9.4 181.3 8.9 Amortization of intangible assets21.2 2.2 39.1 3.8 41.8 2.3 77.6 3.8 Restructuring and other charges, net6.6 0.7 3.5 0.3 13.6 0.7 4.3 0.2 Total operating costs and expenses$805.3 85.4 %$905.6 87.5 %$1,594.4 86.0 %$1,767.5 86.5 %

Cost of revenue

For the three months ended June 30, 2025, cost of revenue as a percentage of net revenue decreased from the prior period, primarily due to a decrease in product line and product lifecycle management charges, partially offset by the unfavorable effect of changes in foreign currency exchange rates. 

For the six months ended June 30, 2025, cost of revenue as a percentage of net revenue increased from the prior period, primarily due to (1) the net impacts of inflation on material and logistics costs and pricing recoveries from customers and (2) unfavorable product mix