NXP Semiconductors reports revenue decrease in Q4 and 2024, provides lower revenue guidance for Q1 2025.

From GlobeNewswire: 2025-02-03 16:10:56

NXP Semiconductors reported a decrease in revenue for the fourth quarter and full-year 2024, with revenue of $12.61 billion for the year. Despite a challenging market environment, the company delivered resilient results, with revenue in the fourth quarter at $3.11 billion. The company’s focus on managing what is in their control has helped navigate a soft landing and execute their growth strategy. For the first quarter of 2025, NXP provided guidance with a revenue range of $2.725 billion to $2.925 billion, reflecting a decrease compared to the previous year. Operating income for the first quarter is expected to be between $652 million and $773 million.

In managing their business, NXP uses non-GAAP financial measures in addition to GAAP results to provide a more complete understanding of the company’s performance. These measures, including Gross Profit, Operating Income, and Net Income, help investors compare financial results between periods and analyze core operating performance. The company will host a conference call on February 4, 2025, to review the fourth quarter results in detail. NXP Semiconductors, a trusted partner in innovative solutions, operates in automotive, industrial & IoT, mobile, and communications markets, with operations in more than 30 countries and revenue of $12.61 billion in 2024.



Read more at GlobeNewswire: NXP Semiconductors Reports Fourth Quarter and Full-Year