Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 108

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 108
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,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, partially offset by the favorable effect of changes in foreign currency exchange rates. 

Research and development expense

For the three and six months ended June 30, 2025, research and development expense decreased primarily as a result of the divestiture of the Insights Business in the third quarter of 2024 and restructuring actions impacting certain product lines.

Selling, general and administrative expense

For the three and six months ended June 30, 2025, SG&A expense did not fluctuate materially from the prior periods.

Amortization of intangible assets

For the three and six months ended June 30, 2025, amortization of intangible assets decreased from the prior period, primarily due to the divestiture of the Insights Business, resulting in approximately $9.8 million and $19.7 million, respectively, of lower amortization expense during fiscal year 2025, and