Early Access

10-QPeriod: Q1 FY2025

NXP Semiconductors N.V. Quarterly Report for Q1 Ended Mar 30, 2025

Filed April 29, 2025For Securities:NXPI

Summary

NXP Semiconductors N.V. (NXPI) reported a 9.3% year-over-year decrease in revenue for the first quarter of 2025, reaching $2.84 billion. This decline was observed across most of its key end markets, including Automotive, Industrial & IoT, and Communication Infrastructure & Other, although revenue in China saw a slight increase. Despite the revenue drop, the company maintained a strong GAAP gross margin of 55.0% and a solid operating income of $723 million. Cash flow from operations remained robust at $565 million, contributing to a healthy cash balance of $3.99 billion. The company also announced several strategic acquisitions, including TTTech Auto and Kinara, Inc., which are expected to close in the second half of 2025 and first half of 2025, respectively, signaling continued investment in growth. NXP also returned capital to shareholders through $258 million in dividends and $303 million in share repurchases.

Financial Highlights

54 data points
Beta

Revenue

$2.83B

0.6% Gross Margin

Net Income

$490.00M

0.2% Net Margin

EPS (Diluted)

$1.92

Total Assets

$25.18B

Cash & Equivalents

$3.99B

Free Cash Flow

$426.00M

Financial Statements
Beta
Revenue$2.83B
Cost of Revenue$1.27B
Gross Profit$1.56B
R&D Expenses$547.00M
SG&A Expenses$281.00M
Operating Expenses$855.00M
Operating Income$723.00M
Interest Expense$106.00M
Net Income$490.00M
EPS (Basic)$1.93
EPS (Diluted)$1.92
Shares Outstanding (Basic)253.71M
Shares Outstanding (Diluted)255.02M

Key Highlights

  • 1Revenue decreased 9.3% year-over-year to $2.84 billion for Q1 2025, primarily driven by declines in Automotive, Industrial & IoT, and Communication Infrastructure & Other segments.
  • 2GAAP gross margin remained strong at 55.0%, although it decreased from 57.0% in the prior year period, attributed to lower sales and an unfavorable product mix.
  • 3Operating income was $723 million (25.5% of revenue), down from $856 million (27.4% of revenue) in Q1 2024.
  • 4Cash flow from operating activities was $565 million, with a significant increase in cash and cash equivalents to $3.99 billion.
  • 5NXP announced agreements to acquire TTTech Auto for $625 million and Kinara, Inc. for $307 million, indicating strategic investments for future growth.
  • 6The company returned $561 million to shareholders in Q1 2025 through $258 million in dividends and $303 million in share repurchases.
  • 7Long-term debt increased to $10.23 billion, with total debt (including short-term) at $11.73 billion as of March 30, 2025.

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