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Dec 31, 2024
NXP Q4 2024 Earnings Report
NXP's financial performance for Q4 2024, with revenue at $3.11 billion and non-GAAP EPS at $3.18, was reported.
Key Takeaways
NXP Semiconductors reported Q4 2024 revenue of $3.11 billion, a 9% decrease year-over-year, and full-year 2024 revenue of $12.61 billion, a 5% decrease year-over-year. The company's Q4 non-GAAP EPS was $3.18. NXP delivered resilient results throughout 2024, reflecting solid execution, consistent gross margin, and healthy free cash flow generation despite a challenging market environment.
Q4 revenue was $3.11 billion, a decrease of 9% year-on-year.
Q4 GAAP gross margin was 53.9%, with a GAAP operating margin of 21.7% and GAAP diluted Net Income per Share of $1.93.
Q4 Non-GAAP gross margin was 57.5%, non-GAAP operating margin was 34.2%, and non-GAAP diluted Net Income per Share was $3.18.
Q4 cash flow from operations was $391 million, resulting in non-GAAP free cash flow of $292 million.
NXP
NXP
NXP Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.comIndustrial & IoT Revenue
CapyFin.comMobile Revenue
CapyFin.comComm. Infra. & Other Revenue
CapyFin.com Forward Guidance
For the first quarter of 2025, NXP projects revenue between $2.725 billion and $2.925 billion. The company anticipates a GAAP gross margin between 54.6% and 55.7%, and a GAAP operating margin between 23.9% and 26.4%.
Positive Outlook
- Revenue is expected to be between $2.725 billion and $2.925 billion.
- GAAP gross margin is projected to be between 54.6% and 55.7%.
- GAAP operating margin is expected to range from 23.9% to 26.4%.
- Diluted earnings per share are forecasted between $1.75 and $2.14.
- Non-GAAP diluted EPS is projected between $2.39 and $2.79.
Challenges Ahead
- Revenue is expected to decline by 12% to 6% quarter-over-quarter.
- Revenue is expected to decline by 13% to 6% year-over-year.
- Financial income (expense) is expected to be $(90) million.
- Equity-accounted investees are projected to contribute $(4) million.
- Non-controlling interests are expected to account for $(5) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income