NXP Semiconductors N.V. reported a revenue of $2.835 billion for the first quarter of 2025, reflecting a 9.3% decrease from $3.126 billion in the same period last year. The company's gross profit for the quarter was $1.560 billion, resulting in a gross margin of 55.0%, down from 57.0% in Q1 2024. Operating income was $723 million, a decline from $856 million year-over-year, while net income attributable to stockholders was $490 million, compared to $639 million in the prior year. Earnings per share for the quarter were $1.92, down from $2.47 in Q1 2024.
The decline in revenue was attributed to decreases across all end markets, particularly in the Automotive and Communication Infrastructure sectors, which saw reductions of 7.2% and 21.1%, respectively. Revenue from third-party distribution partners fell by 12.4%, while sales to original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) decreased by 5.2%. Geographically, revenue increased in the EMEA and Americas regions but decreased significantly in China and the Asia Pacific region.
In terms of operational developments, NXP has made strategic moves to enhance its market position, including the announcement of three acquisitions: TTTech Auto for $625 million, Kinara, Inc. for $307 million, and Aviva Links for $242.5 million. These acquisitions are expected to close in the first half of 2025, subject to regulatory approvals. The company also reported a cash balance of $3.988 billion as of March 30, 2025, an increase from $3.292 billion at the end of 2024, and returned $561 million to shareholders through dividends and share repurchases during the quarter.
NXP's total debt increased to $11.725 billion, up from $10.854 billion at the end of 2024, with a net debt position of $7.737 billion. The company continues to generate strong operating cash flows, reporting $565 million in cash from operations for the quarter. Looking ahead, NXP anticipates ongoing challenges in the semiconductor market, including fluctuating demand and potential disruptions in supply chains, but remains focused on executing its strategic initiatives and maintaining operational efficiency.
About NXP Semiconductors N.V.
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