Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 3

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 3
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 the MSP Business in the first quarter of 2025, and 6.1% on an organic basis compared to the prior period, which was primarily due to decreases in automotive and HVOR production in North America and Europe.  

Performance Sensing net revenue for the six months ended June 30, 2025 decreased 9.4% on a reported basis and 6.8% on an organic basis compared to the prior period, which was primarily due to lower automotive and HVOR production levels in North America and Europe.

Sensing Solutions

Sensing Solutions net revenue for the three months ended June 30, 2025 increased 8.6% on a reported basis and 10.7% on an organic basis compared to the prior period, which is primarily due to content growth in our industrial market. 

Sensing Solutions net revenue for the six months ended June 30, 2025 increased 5.0% on a reported basis and 7.4% on an organic basis compared to the prior period, which is primarily due to content growth in our industrial market.

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Table of Contents

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.