NXP Semiconductors N.V. reported a revenue of $12.614 billion for the fiscal year ending December 31, 2024, reflecting a decrease of 5.0% from the previous year's revenue of $13.276 billion. The company's gross profit margin was 56.4%, slightly down from 56.9% in 2023, while net income attributable to stockholders was $2.510 billion, compared to $2.797 billion in 2023. The diluted earnings per share for 2024 was $9.73, down from $10.70 in the prior year. The decline in revenue and profitability was attributed to decreased demand across several end markets, particularly in Communication Infrastructure and Automotive sectors.
In terms of strategic developments, NXP has made significant moves to enhance its market position through acquisitions. The company announced agreements to acquire Aviva Links for $242.5 million, TTTech Auto for $625 million, and Kinara, Inc. for $307 million, all expected to close in 2025. Additionally, NXP has invested in joint ventures for semiconductor manufacturing, including a $550 million commitment to the European Semiconductor Manufacturing Company (ESMC) and a $1.6 billion investment in VisionPower Semiconductor Manufacturing Company (VSMC) in Singapore.
Operationally, NXP's workforce stood at approximately 33,100 employees as of December 31, 2024, with around 11,600 dedicated to research and development, representing 37% of the total workforce. The company reported a cash flow from operations of $2.782 billion, with net capital expenditures of $693 million, resulting in a non-GAAP free cash flow of $2.089 billion. NXP's revenue distribution showed a notable increase in the Asia Pacific and China regions, while declines were observed in EMEA and the Americas.
The company also highlighted its commitment to returning capital to shareholders, having paid $1.038 billion in cash dividends and repurchased $1.373 billion of its common shares in 2024, totaling $2.411 billion in capital return. Looking ahead, NXP anticipates continued challenges in the semiconductor market, influenced by global economic conditions and evolving customer demands. The company remains focused on innovation and strategic investments to drive future growth, particularly in high-demand sectors such as automotive and industrial IoT.
About NXP Semiconductors N.V.
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