- Revenue: $3.11B, -9% YoY
- Net income: $495M, -29% YoY
- Non-GAAP EPS: $3.18 vs $3.71 in Q4 2023
- Free cash flow: $292M vs $962M in Q4 2023
CEO Kurt Sievers: "NXP delivered resilient results throughout 2024, reflecting solid execution, consistent gross margin, and healthy free cash flow generation despite a challenging market environment. We rigorously focus on managing what is in our control, to navigate a soft landing while executing our growth strategy."
🌱Revenue & Growth
- Automotive: $1.79B, -6% YoY
- Industrial & IoT: $516M, -22% YoY
- Mobile: $396M, -2% YoY
- Communication Infrastructure: $409M, -10% YoY
- Full-year revenue: $12.61B, -5% YoY
💰Profits & Financials
- GAAP Gross Margin: 53.9% vs 56.6% in Q4 2023
- Non-GAAP Operating Margin: 34.2% vs 35.6% in Q4 2023
- Capital return to shareholders: $713M in Q4
- Cash and cash equivalents: $3.29B
📌Business Highlights
- Introduced S32J family of automotive Ethernet switches for software-defined vehicles
- Announced Audi adoption of Trimension UWB technology for secure car access
- Signed agreements to acquire Aviva Links ($242.5M) and TT Tech Auto ($625M)
🔮Future Outlook
- Q1 2025 revenue guidance: $2.725B-$2.925B, -13% to -6% YoY
- Q1 2025 non-GAAP gross margin: 55.8%-56.8%
- Q1 2025 non-GAAP EPS guidance: $2.39-$2.79