Company: ST
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001477294-25-000131
Chunk: 58

Company: Sensata Technologies Holding plc
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 58
---
PercentAmountPercentAmountPercent Operating costs and expenses:Cost of revenue$672.6 72.2 %$701.5 71.4 %$1,968.4 70.6 %$2,115.1 69.9 %Research and development33.0 3.5 42.7 4.3 102.4 3.7 133.3 4.4 Selling, general and administrative85.8 9.2 102.5 10.4 259.6 9.3 283.8 9.4 Amortization of intangible assets19.6 2.1 44.7 4.6 61.4 2.2 122.3 4.0 Goodwill impairment charge225.7 24.2 150.1 15.3 225.7 8.1 150.1 5.0 Restructuring and other charges, net18.2 1.9 140.6 14.3 31.8 1.1 144.9 4.8 Total operating costs and expenses$1,054.9 113.2 %$1,182.1 120.3 %$2,649.2 95.1 %$2,949.6 97.5 %

Cost of revenue

For the three and nine months ended September 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, (2) increases in charges for a slower than expected adoption of electric vehicles, which resulted in excess capacity and other charges, and (3) unfavorable product mix, partially offset by the favorable effect of changes in foreign currency exchange rates.

Research and development expense

For the three and nine months ended September 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  months ended September 30, 2025, SG&A expense decreased from the prior period, primarily due to costs and charges related to the third quarter 2024 sale of the Insights Business (including $5.8