Financial Performance - Full-year 2024 revenue was 12.61billion,adecreaseof53.11 billion, down 9% year-on-year[1][3] - NXP reported revenue of 12.61billionforthefullyear2024,adecreasefrom13.28 billion in 2023, representing a decline of approximately 5%[15] - For Q4 2024, NXP's revenue was 3.11billion,downfrom3.42 billion in Q4 2023, indicating a year-over-year decrease of about 9%[18] - Gross profit for Q4 2024 was 1.68billion,comparedto1.94 billion in Q4 2023, reflecting a decline of approximately 13%[18] - Operating income for the full year 2024 was 3.42billion,downfrom3.66 billion in 2023, a decrease of about 7%[18] - Net income attributable to stockholders for Q4 2024 was 495million,comparedto697 million in Q4 2023, a decline of approximately 29%[18] - Diluted earnings per share (EPS) for Q4 2024 was 1.93,downfrom2.68 in Q4 2023, representing a decrease of about 28%[18] - Full-year GAAP net income for 2024 was 2,542million,downfrom2,822 million in 2023[26] - Full-year adjusted EBITDA for 2024 was 5,064million,adecreasefrom5,410 million in 2023[26] Margins and Income - Fourth quarter GAAP gross margin was 53.9%, with a GAAP operating margin of 21.7%; full-year GAAP gross margin was 56.4% and operating margin was 27.1%[3][5] - Non-GAAP diluted net income per share for the fourth quarter was 3.18,down1413.09, down 7% year-on-year[3][5] - Non-GAAP gross profit for Q4 2024 was 1,789million,comparedto1,892 million in Q3 2024 and 2,010millioninQ42023,representingadecreaseof111,065 million, compared to 1,153millioninQ32024and1,219 million in Q4 2023, reflecting a decrease of 12.7% year-over-year[21] - GAAP operating income for Q4 2024 was 675million,downfrom990 million in Q3 2024 and 907millioninQ42023,indicatingadeclineof25.6391 million, resulting in non-GAAP free cash flow of 292million;full−yearcashflowfromoperationswas2,782 million, with non-GAAP free cash flow of 2,089million[3][5]−NXPreturned713 million to shareholders in the fourth quarter, representing 244% of non-GAAP free cash flow; total capital return for the trailing twelve months was 2.4billion,or1152,782 million, down from 3,513millionin2023,adecreaseof20.9391 million, a decrease from 1,137millioninQ42023[27]−Non−GAAPfreecashflowforQ42024was292 million, compared to 962millioninQ42023[27]−Trailingtwelvemonthnon−GAAPfreecashflowasapercentageofrevenuewas172.35 billion, slightly down from 2.42billionin2023[18]−NXP′soperatingexpensesforQ42024were963 million, compared to 1.03billioninQ42023,indicatingadecreaseofapproximately6727 million, compared to 827millionin2023,showingadecreaseof12.1112 million, compared to 84millioninQ42023[26]−Share−basedcompensationforthefullyear2024was461 million, up from 411millionin2023[26]AcquisitionsandProductDevelopment−NXPintroducedtheS32Jfamilyofhigh−performanceautomotiveEthernetswitchesonOctober15,2024,aimedatsoftware−definedvehicledevelopment[3][4]−NXPannouncedtheacquisitionofAvivaLinksfor242.5 million to enhance its in-vehicle networking portfolio on December 17, 2024[4] - The company entered into an agreement to acquire TT Tech Auto for 625milliononJanuary7,2025,toaccelerateitsCoreRideplatformforsoftware−definedvehicles[4]GuidanceandFutureOutlook−GuidanceforQ12025projectstotalrevenuebetween2.725 billion and 2.925billion,reflectingayear−on−yeardeclineof624,385 million as of December 31, 2024, compared to 23,669millionasofSeptember29,2024,reflectingagrowthof3.03,098 million as of December 31, 2024, down from 2,992millionasofSeptember29,2024,areductionof3.59,183 million as of December 31, 2024, from 9,406millionasofSeptember29,2024,adeclineof2.410,354 million as of December 31, 2024, compared to $9,683 million as of September 29, 2024, an increase of 6.9%[19] Conference Call - The company plans to host a conference call on February 4, 2025, to discuss Q4 2024 results in detail[13]
NXP(NXPI)2025-02-04 11:02