NXP Semiconductors: Q4 Beat, Q1 Miss, and Strategic Acquisitions

NXP Semiconductors (NASDAQ: NXPI) reported its fourth-quarter and full-year 2024 financial results, with a mixed performance that included better-than-expected earnings but a revenue miss and downbeat guidance for the first quarter of 2025. The company's shares rose slightly in after-hours trading following the announcement.

Fourth-Quarter and Full-Year Results

NXP reported non-GAAP diluted earnings per share (EPS) of $3.18 for the fourth quarter, beating the FactSet consensus estimate of $3.14. Revenue came in at $3.11 billion, slightly above the analyst consensus estimate of $3.104 billion but down from sales of $3.42 billion in the same period last year. The company's non-GAAP gross margin was 57.5%, and the non-GAAP operating margin was 34.2%.

For the full year, NXP reported revenue of $12.61 billion, down 5% year-on-year, and non-GAAP EPS of $13.09, up from $12.57 in 2023. The company generated $2.73 billion in cash flow from operations and returned $2.4 billion to shareholders through dividends and share repurchases.