Revenue growth accelerated to 19.5% YoY in Q2 2026, with gross margin peaking at 57.3% and operating margin expanding to 30.6%, though EPS of $3.02 missed consensus by a wide margin.
NXP Semiconductors N.V. (NXPI) annual income statement — 18-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|
| Sales/Revenue | 13.18B | 12.27B | 12.61B | 13.28B | 13.21B | 11.06B | 8.61B | 8.88B | 9.41B | 9.26B | 9.5B | 6.1B | 5.65B | 4.82B | 4.36B | 4.19B | 4.4B | 3.84B | 5.44B |
| Revenue Growth % | 8.77% | -2.74% | -4.99% | 0.54% | 19.36% | 28.46% | -2.99% | -5.63% | 1.63% | -2.55% | 55.68% | 8.04% | 17.28% | 10.49% | 3.91% | -4.73% | 14.55% | -29.4% | - |
| Cost of Goods Sold | 5.82B | 5.59B | 5.5B | 5.72B | 5.69B | 5B | 4.38B | 4.26B | 4.56B | 4.64B | 5.43B | 3.31B | 3.01B | 2.64B | 2.37B | 2.29B | 2.58B | 2.87B | 4.22B |
| COGS % of Revenue | - | 45.57% | 43.56% | 43.11% | 43.07% | 45.16% | 50.82% | 47.98% | 48.43% | 50.1% | 57.16% | 54.32% | 53.25% | 54.79% | 54.38% | 54.55% | 58.59% | 74.79% | 77.62% |
| Gross Profit | 7.36B | 6.68B | 7.12B | 7.55B | 7.52B | 6.07B | 4.24B | 4.62B | 4.85B | 4.62B | 4.07B | 2.79B | 2.64B | 2.18B | 1.99B | 1.91B | 1.82B | 969M | 1.22B |
| Gross Margin % | 55.85% | 54.43% | 56.44% | 56.89% | 56.93% | 54.84% | 49.18% | 52.02% | 51.57% | 49.9% | 42.84% | 45.68% | 46.75% | 45.21% | 45.62% | 45.45% | 41.41% | 25.21% | 22.38% |
| Gross Profit Growth % | - | -6.19% | -5.75% | 0.48% | 23.9% | 43.26% | -8.29% | -4.8% | 5.02% | 13.52% | 46% | 5.57% | 21.27% | 9.51% | 4.3% | 4.55% | 88.13% | -20.44% | - |
| Operating Expenses | 3.58B | 3.37B | 3.7B | 3.89B | 3.72B | 3.48B | 3.82B | 3.98B | 2.14B | 2.52B | 4.23B | 772M | 1.6B | 1.53B | 1.58B | 1.55B | 1B | 1.3B | 1.96B |
| OpEx % of Revenue | - | 27.45% | 29.35% | 29.32% | 28.19% | 31.49% | 44.32% | 44.8% | 22.76% | 27.19% | 44.51% | 12.65% | 28.35% | 31.69% | 36.16% | 37.03% | 22.81% | 33.72% | 36.05% |
| Selling, General & Admin | 1.15B | 1.12B | 1.16B | 1.16B | 1.07B | 956M | 879M | 924M | 993M | 1.06B | 1.13B | 922M | 686M | 896M | 977M | 918M | 966M | 1.01B | 1.56B |
| SG&A % of Revenue | - | 9.14% | 9.23% | 8.73% | 8.07% | 8.64% | 10.21% | 10.41% | 10.56% | 11.5% | 11.92% | 15.11% | 12.15% | 18.61% | 22.42% | 21.89% | 21.94% | 26.31% | 28.68% |
| Research & Development | 2.43B | 2.36B | 2.35B | 2.42B | 2.15B | 1.94B | 1.73B | 1.64B | 1.7B | 1.55B | 1.56B | 890M | 763M | 639M | 628M | 635M | 568M | 777M | 1.2B |
| R&D % of Revenue | - | 19.24% | 18.61% | 18.21% | 16.27% | 17.5% | 20.03% | 18.51% | 18.07% | 16.79% | 16.42% | 14.59% | 13.51% | 13.27% | 14.41% | 15.14% | 12.9% | 20.22% | 22.03% |
| Other Operating Expenses | 2M | -114M | 191M | 315M | 509M | 592M | 1.21B | 1.41B | -552M | -101M | 1.54B | -1.04B | 152M | -9M | -29M | 0 | -530M | -492M | -798M |
| Operating Income | 3.78B | 3.31B | 3.42B | 3.66B | 3.8B | 2.58B | 418M | 641M | 2.71B | 2.1B | -150M | 2.02B | 1.05B | 651M | 412M | 357M | 273M | -931M | -2.65B |
| Operating Margin % | 28.65% | 26.98% | 27.09% | 27.58% | 28.75% | 23.35% | 4.85% | 7.22% | 28.81% | 22.71% | -1.58% | 33.03% | 18.58% | 13.52% | 9.45% | 8.51% | 6.2% | -24.23% | -48.61% |
| Operating Income Growth % | - | -3.13% | -6.66% | -3.58% | 47% | 517.94% | -34.79% | -76.35% | 28.92% | 1501.33% | -107.44% | 92.09% | 61.14% | 58.01% | 15.41% | 30.77% | 129.32% | 64.81% | - |
| EBITDA | 4.56B | 4.14B | 4.34B | 4.77B | 5.05B | 3.85B | 2.41B | 2.69B | 4.7B | 4.25B | 1.97B | 2.53B | 1.45B | 1.17B | 945M | 948M | 957M | -62M | -1.38B |
| EBITDA Margin % | 34.56% | 33.76% | 34.42% | 35.91% | 38.22% | 34.76% | 27.94% | 30.28% | 49.93% | 45.94% | 20.7% | 41.5% | 25.75% | 24.2% | 21.68% | 22.6% | 21.74% | -1.61% | -25.28% |
| EBITDA Growth % | 14.84% | -4.61% | -8.92% | -5.55% | 31.26% | 59.81% | -10.49% | -42.77% | 10.47% | 116.28% | -22.35% | 74.14% | 24.81% | 23.28% | -0.32% | -0.94% | 1643.55% | 95.49% | - |
| D&A (Non-Cash Add-back) | 779M | 832M | 925M | 1.11B | 1.25B | 1.26B | 1.99B | 2.05B | 1.99B | 2.15B | 2.12B | 517M | 405M | 514M | 533M | 591M | 684M | 869M | 1.27B |
| EBIT | 4.12B | 2.98B | 3.5B | 3.79B | 3.79B | 2.55B | 363M | 661M | 2.65B | 2.05B | -195M | 1.71B | 784M | 559M | 245M | 412M | -35M | 114M | -2.76B |
| Net Interest Income | -332M | -321M | -318M | -251M | -366M | -365M | -349M | -313M | -225M | -283M | -397M | -221M | -155M | -211M | -266M | -353M | -362M | -359M | -475M |
| Interest Income | 131M | 145M | 80M | 187M | 61M | 4M | 13M | 57M | 48M | 27M | 11M | 6M | 3M | 3M | 4M | 0 | 2M | 4M | 27M |
| Interest Expense | 463M | 466M | 398M | 438M | 427M | 369M | 362M | 370M | 273M | 310M | 408M | 227M | 158M | 214M | 270M | 353M | 320M | 363M | 502M |
| Other Income/Expense | -1000K | -717M | -330M | -316M | -435M | -405M | -421M | -349M | -276M | -313M | -442M | -520M | -402M | -216M | 0 | 0 | -780M | 0 | -882M |
| Pretax Income | 3.78B | 2.59B | 3.09B | 3.35B | 3.36B | 2.18B | -3M | 292M | 2.43B | 1.79B | -592M | 1.5B | 647M | 435M | -52M | 23M | -441M | -175M | -3.53B |
| Pretax Margin % | 28.65% | 21.13% | 24.47% | 25.2% | 25.46% | 19.69% | -0.03% | 3.29% | 25.87% | 19.33% | -6.23% | 24.5% | 11.46% | 9.03% | -1.19% | 0.55% | -10.02% | -4.55% | -64.82% |
| Income Tax | 740M | 525M | 545M | 523M | 529M | 272M | -83M | 20M | 176M | -483M | -459M | -104M | 40M | 20M | 1M | 21M | 24M | 17M | 46M |
| Effective Tax Rate % | 19.59% | 20.25% | 17.65% | 15.64% | 15.73% | 12.49% | 2766.67% | 6.85% | 7.23% | -27% | 77.53% | -6.96% | 6.18% | 4.6% | -1.92% | 91.3% | -5.44% | -9.71% | -1.3% |
| Net Income | 2.97B | 2.02B | 2.51B | 2.8B | 2.79B | 1.87B | 52M | 243M | 2.21B | 2.21B | 200M | 1.53B | 539M | 348M | -115M | 390M | -456M | -167M | -3.6B |
| Net Margin % | 22.56% | 16.47% | 19.9% | 21.07% | 21.11% | 16.91% | 0.6% | 2.74% | 23.47% | 23.93% | 2.11% | 25.01% | 9.54% | 7.23% | -2.64% | 9.3% | -10.36% | -4.35% | -66.14% |
| Net Income Growth % | 38.5% | -19.48% | -10.26% | 0.36% | 48.96% | 3498.08% | -78.6% | -88.99% | -0.32% | 1007.5% | -86.89% | 183.12% | 54.89% | 402.61% | -129.49% | 185.53% | -173.05% | 95.36% | - |
| Net Income (Continuing) | 3.04B | 2.07B | 2.54B | 2.82B | 2.83B | 1.91B | 80M | 272M | 2.26B | 2.27B | 259M | 1.6B | 607M | 415M | -53M | 2M | -465M | -185M | -3.57B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 434M | 59M | 32M | 0 |
| Minority Interest | 362M | 395M | 348M | 316M | 291M | 242M | 207M | 214M | 185M | 189M | 221M | 288M | 263M | 245M | 235M | 212M | 233M | 198M | 213M |
| EPS (Diluted) | 11.71 | 7.95 | 9.73 | 10.70 | 10.55 | 6.79 | 0.18 | 0.85 | 6.72 | 6.41 | -0.57 | 6.10 | 2.17 | 1.36 | -0.46 | 1.57 | -1.99 | -0.81 | -19.98 |
| EPS Growth % | 39.69% | -18.29% | -9.07% | 1.42% | 55.38% | 3672.22% | -78.82% | -87.35% | 4.84% | 1224.56% | -109.34% | 181.11% | 59.56% | 395.65% | -129.3% | 178.89% | -145.68% | 95.95% | - |
| EPS (Basic) | - | 8.00 | 9.84 | 10.83 | 10.64 | 6.91 | 0.19 | 0.86 | 6.78 | 6.54 | -0.57 | 6.36 | 2.27 | 1.40 | -0.46 | 1.57 | -1.99 | -0.81 | -19.98 |
| Diluted Shares Outstanding | 254.02M | 254.33M | 257.85M | 261.37M | 264.05M | 275.65M | 283.81M | 285.91M | 328.61M | 345.8M | 338.48M | 250.12M | 248.61M | 255.05M | 248.06M | 248.81M | 229.28M | 215.25M | 180.21M |
| Basic Shares Outstanding | 252.41M | 252.7M | 255.21M | 258.38M | 261.88M | 270.69M | 279.76M | 282.06M | 325.78M | 338.65M | 338.48M | 239.76M | 237.95M | 248.53M | 248.06M | 248.81M | 229.28M | 215.25M | 180.21M |
| Dividend Payout Ratio | - | 50.72% | 41.35% | 35.97% | 29.24% | 30.04% | 807.69% | 131.28% | 3.35% | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying NXPI stock.
For fiscal year 2025, NXP Semiconductors N.V. (NXPI) reported total revenue of $12.27B. This represents a 125.4% increase compared to $5.44B in 2008.
NXP Semiconductors N.V. (NXPI) is profitable, generating $2.02B in net income for the fiscal year ending 2025 with a net profit margin of 16.5%.
NXP Semiconductors N.V. (NXPI) reported an operating income of $3.31B, resulting in an operating profit margin of 27.0%. This margin reflects the operational efficiency of the business before interest and taxes.
NXP Semiconductors N.V. (NXPI) generated $6.68B in gross profit for the year, representing a gross profit margin of 54.4%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
EPS miss vs revenue beat
Metrics are mathematically derived from official filings.
Revenue Rebound Accelerates
Q2 2026 revenue surged 19.5% YoY to $3.5B, marking the strongest growth in the reported period and a clear acceleration from the prior quarter's 12.2% increase, according to the latest income statement data.
The sequential acceleration from 12.2% to 19.5% YoY suggests that the company's strategic focus on software-defined vehicles and data center applications is gaining traction, offsetting broader industry cyclicality. This growth appears broad-based across end markets and regions, as noted in recent context, which may indicate a durable demand uptick rather than a one-off. However, the sustainability of this pace warrants monitoring, especially given the semiconductor industry's inherent volatility.
Gross Margin Expansion Peaks
Gross margin reached 57.3% in Q2 2026, up from 53.4% a year earlier, reflecting a favorable product mix shift toward higher-value automotive and industrial chips, as reported in the quarterly financials.
The 390 basis point YoY improvement in gross margin suggests that NXPI is successfully executing its strategy of prioritizing high-performance processing and secure connectivity solutions, which command premium pricing. This margin level now exceeds that of peers like TXN (57.0%) and is well above STM (33.9%), indicating strong pricing power. However, the recent EPS miss implies that operating expenses may be absorbing some of this gross margin benefit, so investors should watch whether this expansion is sustainable.
Operating Leverage Kicks In
Operating income grew 60% YoY in Q2 2026 to $1.1B, outpacing the 19.5% revenue growth, as operating margin expanded to 30.6% from 23.5% in the prior year, based on the income statement data.
The operating leverage is evident as SG&A and R&D grew at a slower pace than revenue, with SG&A up only 4.7% YoY and R&D up 5.4% YoY, while revenue surged 19.5%. This suggests that NXPI is scaling efficiently, leveraging its existing infrastructure and design-win portfolio. The 710 basis point improvement in operating margin indicates that the company is not only benefiting from higher revenue but also from disciplined cost control, which may be a key driver of future earnings growth.
EPS Volatility Raises Questions
Q2 2026 EPS of $3.02 missed consensus by a wide margin despite a revenue beat, while net income fell 30% sequentially to $767M, according to the reported quarterly figures.
The disconnect between strong revenue growth and the EPS miss suggests that non-operating items or one-time charges may have impacted net income, as operating income was robust. The sequential drop in net income from $1.1B in Q1 2026 to $767M in Q2 2026, despite higher revenue, indicates potential tax rate fluctuations or other below-the-line items. Investors should scrutinize the quality of earnings, particularly the impact of stock-based compensation, which was $105M in Q2, and any unusual items that may not recur.
R&D Investment Drives Growth
R&D expenses rose to $604M in Q2 2026, up 5.4% YoY, while SG&A remained relatively flat at $291M, reflecting a strategic focus on innovation, as per the income statement data.
The modest increase in R&D relative to revenue growth suggests that NXPI is investing efficiently in its software-defined vehicle and physical AI platforms, which are critical for long-term competitiveness. SG&A discipline is evident, with only a 4.7% YoY increase, indicating tight cost control. However, the elevated R&D spending may be a contributing factor to the EPS miss, as operating expenses grew faster than gross profit in absolute terms, though operating margin still expanded.
Margin Sustainability Under Scrutiny
Despite strong revenue growth, the Q2 2026 EPS miss of $3.02 versus consensus of $4.11 highlights potential margin pressure or elevated expenses that could challenge the earnings narrative, based on reported figures.
Short-sellers might argue that the revenue acceleration is not translating into proportional bottom-line gains, suggesting that the company may be sacrificing profitability for growth, possibly through pricing concessions or increased investment. The wide guidance range for forward EPS ($3.89–$4.32) implies management's own uncertainty about margin recovery. Additionally, the normalization of automotive lead times and inventory levels could pressure pricing power, making the current gross margin level of 57.3% potentially unsustainable. Investors should monitor whether the operating leverage seen in Q2 can be maintained as revenue growth normalizes.