[NXP Semiconductors Reports Second Quarter 2025 Results](index=1&type=section&id=NXP%20Semiconductors%20Reports%20Second%20Quarter%202025%20Results) [Second Quarter 2025 Financial & Strategic Highlights](index=1&type=section&id=Key%20Highlights%20for%20the%20Second%20Quarter%202025) NXP reported Q2 2025 revenue of $2.93 billion, a 6% YoY decrease, achieving a 32.0% non-GAAP operating margin and progressing strategic initiatives in autonomous driving and software-defined vehicles Q2 2025 Key Financial Metrics | Metric | Value | Change (YoY) | | :--- | :--- | :--- | | Revenue | $2.93 billion | -6% | | GAAP Gross Margin | 53.4% | | | Non-GAAP Gross Margin | 56.5% | | | GAAP Operating Margin | 23.5% | | | Non-GAAP Operating Margin | 32.0% | | | GAAP Diluted EPS | $1.75 | | | Non-GAAP Diluted EPS | $2.72 | | | Cash Flow from Operations | $779 million | | | Non-GAAP Free Cash Flow | $696 million | - Capital return to shareholders in Q2 2025 totaled **$461 million**, comprising **$204 million** in share buybacks and **$257 million** in dividends. This represents **66%** of the quarter's non-GAAP free cash flow[2](index=2&type=chunk) - Strategic initiatives in the quarter included[2](index=2&type=chunk) - **Autonomous Driving**: Announced third-generation S32R47 imaging radar processors for Level 2+ to Level 4 autonomous driving - **Software-Defined Vehicle (SDV)**: Partnered with Rimac Technology to co-develop an SDV architecture using NXP's S32E2 processors - **Acquisition**: Completed the acquisition of TTTech Auto, a leader in safety-critical systems for SDVs [Second Quarter 2025 Performance Analysis](index=2&type=section&id=Summary%20of%20Reported%20Second%20Quarter%202025) Total revenue for Q2 2025 was $2.926 billion, up 3% sequentially but down 6% year-over-year, with the Automotive segment flat and other segments experiencing declines, resulting in a 32.0% non-GAAP operating margin Q2 2025 Financial Performance vs. Prior Periods ($ millions) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | Q-Q Change | Y-Y Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$2,926** | **$2,835** | **$3,127** | **3%** | **-6%** | | GAAP Gross Profit | $1,562 | $1,560 | $1,792 | —% | -13% | | Non-GAAP Gross Profit | $1,652 | $1,591 | $1,833 | 4% | -10% | | GAAP Operating Income | $687 | $723 | $896 | -5% | -23% | | Non-GAAP Operating Income | $935 | $904 | $1,071 | 3% | -13% | | GAAP Net Income | $445 | $490 | $658 | -9% | -32% | | Non-GAAP Net Income | $690 | $673 | $829 | 3% | -17% | Q2 2025 Revenue by End-Market ($ millions) | End-Market | Q2 2025 | Q1 2025 | Q2 2024 | Q-Q Change | Y-Y Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Automotive | $1,729 | $1,674 | $1,728 | 3% | —% | | Industrial & IoT | $546 | $508 | $616 | 7% | -11% | | Mobile | $331 | $338 | $345 | -2% | -4% | | Comm. Infra. & Other | $320 | $315 | $438 | 2% | -27% | - Channel inventory remained stable quarter-over-quarter at **9 weeks**, but this is higher than the **7 weeks** reported in the same period last year[4](index=4&type=chunk) [Third Quarter 2025 Guidance](index=3&type=section&id=Guidance%20for%20the%20Third%20Quarter%202025) [Q3 2025 Outlook](index=3&type=section&id=Guidance%20for%20the%20Third%20Quarter%202025) NXP projects Q3 2025 revenue between $3.05 billion and $3.25 billion, reflecting an 8% sequential growth and a 3% year-over-year decline at the midpoint, with an anticipated non-GAAP operating margin of 33.7% Q3 2025 Guidance (Midpoint) | Metric | GAAP (Midpoint) | Non-GAAP (Midpoint) | | :--- | :--- | :--- | | Total Revenue | $3,150 M | $3,150 M | | Revenue Growth (QoQ) | 8% | 8% | | Revenue Growth (YoY) | -3% | -3% | | Gross Margin | 56.0% | 57.0% | | Operating Margin | 28.0% | 33.7% | | Diluted EPS | $2.42 | $3.10 | - The guidance for Q3 2025 reflects a combination of emerging cyclical improvement in core end markets and the performance of company-specific growth drivers[1](index=1&type=chunk) - Key expected adjustments from GAAP to non-GAAP in Q3 2025 include[11](index=11&type=chunk) - PPA effects: **$(40) million** impact on Operating Income - Share-based Compensation: **$(116) million** impact on Operating Income - Restructuring and Other Incidentals: **$(24) million** impact on Operating Income [Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Operations](index=5&type=section&id=Table%201%3A%20Condensed%20consolidated%20statement%20of%20operations%20%28unaudited%29) NXP reported Q2 2025 revenue of $2.926 billion, resulting in $687 million operating income and $445 million net income attributable to stockholders, or $1.75 per diluted share Q2 2025 Statement of Operations Highlights ($ millions) | Line Item | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Revenue | 2,926 | 2,835 | 3,127 | | Gross Profit | 1,562 | 1,560 | 1,792 | | Operating Income | 687 | 723 | 896 | | Net Income Attributable to Stockholders | 445 | 490 | 658 | | Diluted EPS ($) | 1.75 | 1.92 | 2.54 | [Condensed Consolidated Balance Sheet](index=6&type=section&id=Table%202%3A%20Condensed%20consolidated%20balance%20sheet%20%28unaudited%29) As of June 29, 2025, NXP's total assets were $25.25 billion, with cash and equivalents at $3.17 billion, total liabilities at $15.31 billion, and stockholders' equity at $9.57 billion Balance Sheet Highlights as of June 29, 2025 ($ millions) | Account | June 29, 2025 | March 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | 3,170 | 3,988 | 2,859 | | Total current assets | 7,686 | 8,025 | 6,880 | | Total assets | 25,250 | 25,180 | 23,196 | | Long-term debt | 9,479 | 10,226 | 9,681 | | Total liabilities | 15,314 | 15,503 | 13,851 | | Total stockholders' equity | 9,569 | 9,322 | 9,018 | [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Table%203%3A%20Condensed%20consolidated%20statement%20of%20cash%20flows%20%28unaudited%29) In Q2 2025, NXP generated $779 million in operating cash flow, while investing activities used $892 million and financing activities used $709 million, resulting in an $818 million decrease in cash Q2 2025 Cash Flow Summary ($ millions) | Cash Flow Activity | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net cash from operating activities | 779 | 565 | 761 | | Net cash from investing activities | (892) | (216) | (239) | | Net cash from financing activities | (709) | 345 | (567) | | **Increase (decrease) in cash** | **(818)** | **696** | **(49)** | [Reconciliation of GAAP to Non-GAAP Results](index=8&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Results) [Key Metrics Reconciliation](index=8&type=section&id=Table%204%3A%20Financial%20Reconciliation%20of%20GAAP%20to%20non-GAAP%20Results%20%28unaudited%29) For Q2 2025, non-GAAP gross profit was $1.652 billion (56.5% margin) and non-GAAP operating income was $935 million (32.0% margin), with non-GAAP diluted EPS at $2.72, reflecting adjustments from GAAP figures Q2 2025 GAAP to Non-GAAP Reconciliation ($ millions) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | Gross Profit | $1,562 | $90 | $1,652 | | Operating Income | $687 | $248 | $935 | | Net Income Attributable to Stockholders | $445 | $245 | $690 | Q2 2025 GAAP to Non-GAAP Diluted EPS Reconciliation ($) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | Diluted EPS | $1.75 | $0.97 | $2.72 | [Adjusted EBITDA and Free Cash Flow](index=10&type=section&id=Table%208%3A%20Adjusted%20EBITDA%20and%20Free%20Cash%20Flow%20%28unaudited%29) NXP reported Q2 2025 Adjusted EBITDA of $1.103 billion and strong non-GAAP free cash flow of $696 million, derived from $779 million in cash from operations Adjusted EBITDA Calculation for Q2 2025 ($ millions) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | GAAP Net income | 457 | 497 | 664 | | EBITDA (Non-GAAP) | 866 | 928 | 1,106 | | **Adjusted EBITDA (Non-GAAP)** | **1,103** | **1,073** | **1,243** | Free Cash Flow Calculation for Q2 2025 ($ millions) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net cash from operating activities | 779 | 565 | 761 | | Net capital expenditures | (83) | (138) | (184) | | **Non-GAAP free cash flow** | **696** | **427** | **577** |

星展银行邓志坚：美股标普第二季预期盈利同比增长10%，低于一季度的平均13%。不过，增长预期最 多的依然是科技、通讯和医疗。但由于美国投资者过度押注特朗普会撤销部分关税，形成大量TACO交 易，市场博弈风险增加，随时有可能出现大量获利了结。所以市场对财报要求特别高，如果不是有明显 的长期增长预期，或者选择获利了结更为稳妥。 东北证券首席投资顾问郭峰：美股高估值阶段下，市场对盈利的要求更为严格；A股处于低估值区间， 对业绩的容忍度相对较高。 ① 美股财报季陷困局 业绩良好已不足以支撑股价 高估值成"紧箍咒" 美股财报季正如火如荼进行中，但市场走势显示，企业"表现良好"已不足以支撑股价。摩根大通和美国 银行等大型银行虽公布稳健业绩，但股价涨幅有限。奈飞虽营收和利润超预期并上调全年业绩指引，但 股价却下跌5%。分析师指出，当前市场估值高企，强劲业绩难以证明股价合理性。投资者对失误容忍 度极低，市场波动风险加剧。此外，特朗普关税政策的不确定性仍影响市场。尽管白宫曾软化立场，但 潜在风险未消。Siebert Financial首席投资官马克·马利克表示，关税敏感行业表现仍不确定，市场需警 惕未来风险。 ② 美国六大银行 ...

Group 1 - NXP Semiconductors' Q3 revenue outlook of $3.05 billion to $3.25 billion did not meet some investors' optimistic expectations, leading to a more than 5% drop in after-hours trading [1] - The company's revenue forecast reflects ongoing challenges in the industry, particularly due to the impact of tariffs from the Trump administration, which have disrupted global supply chains and created uncertainties in customer orders [1][2] - Despite the disappointing guidance, NXP's adjusted earnings per share forecast of $2.89 to $3.30 exceeds analysts' average prediction of $3.06, indicating a potential positive outlook for core markets [2] Group 2 - The automotive and industrial sectors are experiencing weakened demand, affecting NXP and its competitors like Infineon Technologies and STMicroelectronics [2] - Analysts warn that automotive chip manufacturers may face increased pricing pressure as Renault has lowered its outlook, and European customers' restocking demand to avoid tariffs is expected to end soon [3] - The oversupply of electric vehicle chips, particularly due to weak demand outside of China, has been suppressing industry sales for 18 months [2][3]

Group 1 - The Nasdaq and S&P 500 indices reached new highs as investors await upcoming earnings reports [1] - U.S. Treasury yields increased, while the dollar declined, and gold prices rose nearly 1.5% to a more than one-month high [1] - NXP Semiconductors reported weak Q2 automotive chip sales, with Q3 revenue expected to decline further, resulting in a post-market drop of over 5% [1] Group 2 - The U.S. Treasury Secretary emphasized the need for a "comprehensive institutional review" by the Federal Reserve, prioritizing quality over timelines in trade negotiations [1] - The outlook for a U.S.-EU trade agreement appears bleak, with the EU considering a "nuclear option" for countermeasures [1] - China announced new housing rental regulations aimed at increasing the supply of rental housing through multiple channels, effective from September 15 [1] Group 3 - GPT-5 is expected to be released within two weeks, and GPT-6 may already be in training, with significant GPU resources allocated [1] - Alibaba launched an upgraded version of Qwen3, outperforming leading closed-source models like Kimi-K2 [1]

Core Insights - NXP Semiconductors reported a revenue of $2.93 billion for the quarter ended June 2025, reflecting a year-over-year decline of 6.4% [1] - The earnings per share (EPS) for the quarter was $2.72, down from $3.20 in the same quarter last year, but exceeded the consensus estimate of $2.66 by 2.26% [1][3] - The revenue surpassed the Zacks Consensus Estimate of $2.9 billion by 0.9% [1] Revenue Breakdown - Automotive revenue reached $1.73 billion, slightly above the estimated $1.71 billion, marking a year-over-year increase of 0.1% [4] - Communications Infrastructure & Other revenue was $320 million, below the estimated $324.62 million, showing a significant decline of 26.9% year-over-year [4] - Industrial & IoT revenue totaled $546 million, exceeding the average estimate of $537.76 million, but represented an 11.4% decrease compared to the previous year [4] - Mobile revenue was reported at $331 million, slightly above the estimated $324.9 million, indicating a year-over-year decline of 4.1% [4] Stock Performance - NXP shares have returned +8.1% over the past month, outperforming the Zacks S&P 500 composite's +5.4% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Insights - NXP Semiconductors reported quarterly earnings of $2.72 per share, exceeding the Zacks Consensus Estimate of $2.66 per share, but down from $3.2 per share a year ago, indicating an earnings surprise of +2.26% [1] - The company achieved revenues of $2.93 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.90%, although this is a decline from $3.13 billion in the same quarter last year [2] - NXP has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The future performance of NXP's stock will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $3.02, with expected revenues of $3.07 billion, while the estimate for the current fiscal year is $11.51 on $11.97 billion in revenues [7] Industry Context - The Semiconductor - Analog and Mixed industry, to which NXP belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Microchip Technology, a competitor in the same industry, is expected to report a significant decline in earnings and revenues for the quarter ended June 2025, with an anticipated EPS of $0.23, down 56.6% year-over-year, and revenues of $1.05 billion, down 15.2% [9][10]

NXP shares slid in late trading after the chipmaker posted a second-quarter sales decline, hurt by a sluggish automotive market https://t.co/jPDf3dZurk ...

预计三季度营收30.5亿-32.5亿美元，分析师预期30.7亿美元。 恩智浦二季度营收29.3亿美元，分析师预期29亿美元。 ...

Core Viewpoint - NXP Semiconductors reported second-quarter financial results for 2025, achieving revenue of $2.93 billion, which exceeded the midpoint of guidance, with all focus end-markets performing above expectations. The company anticipates a cyclical improvement in core end markets and continues to enhance profitability through a competitive portfolio and aligned manufacturing strategy [1][4]. Financial Performance - Total revenue for Q2 2025 was $2,926 million, a 3% increase quarter-over-quarter but a 6% decrease year-over-year [3][4]. - GAAP gross profit was $1,562 million, with a GAAP gross margin of 53.4% [3][4]. - Non-GAAP gross profit was $1,652 million, with a non-GAAP gross margin of 56.5% [3][4]. - GAAP operating income was $687 million, reflecting a 5% decrease from Q1 2025 and a 23% decrease from Q2 2024 [3][4]. - Non-GAAP operating income was $935 million, a 3% increase quarter-over-quarter but a 13% decrease year-over-year [3][4]. - GAAP net income attributable to stockholders was $445 million, down 9% from Q1 2025 and down 32% from Q2 2024 [3][4]. - Non-GAAP net income attributable to stockholders was $690 million, a 3% increase quarter-over-quarter but a 17% decrease year-over-year [3][4]. Cash Flow and Capital Return - Cash flow from operations was $779 million, with net capital expenditures of $83 million, resulting in non-GAAP free cash flow of $696 million [4]. - Capital return during the quarter was $461 million, representing 66% of non-GAAP free cash flow, with share buybacks of $204 million and dividends paid of $257 million [4]. Market Developments - NXP announced the launch of its third-generation imaging processors for autonomous driving, which deliver up to twice the processing power of the previous generation [4]. - The company co-developed a software-defined vehicle architecture with Rimac Technology, utilizing NXP's S32E2 processors [4]. - NXP completed the acquisition of TTTech Auto, enhancing its capabilities in safety-critical systems for software-defined vehicles [4]. Segment Performance - Automotive revenue was $1,729 million, a 3% increase quarter-over-quarter and stable year-over-year [5]. - Industrial & IoT revenue was $546 million, a 7% increase quarter-over-quarter but an 11% decrease year-over-year [5]. - Mobile revenue was $331 million, a 2% decrease quarter-over-quarter and a 4% decrease year-over-year [5]. - Communication Infrastructure & Other revenue was $320 million, a 2% increase quarter-over-quarter but a 27% decrease year-over-year [5]. Guidance for Q3 2025 - NXP provided guidance for Q3 2025, projecting total revenue between $3,050 million and $3,250 million, reflecting a quarter-over-quarter increase of 4% to 11% and a year-over-year decrease of 6% to 3% [7]. - Non-GAAP diluted earnings per share are expected to range from $2.89 to $3.30 [7].

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. NXP Semiconductors N.V. NXPI will release earnings results for the second quarter, after the closing bell on Monday, July 21. Analysts expect the Eindhoven, the Netherlands-based company to report quarterly earnings at $2.66 per share, down from $3.20 per share in the year-ago period. NXP Semiconductors projects to report qu ...