Revenue growth rebounded to 12.2% in 2026Q1, while operating margins surged to 47.3% from a low of 21.7% in 2024Q4, suggesting improved operational leverage.
| 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 | 12.61B | 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 % | 2.37% | -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 | 5.69B | 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 | 6.92B | 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 % | 54.89% | 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 | 2.91B | 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 | 1.13B | 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 | 2.31B | 2.25B | 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 | - | 18.31% | 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 | 1000K | 0 | 191M | 315M | 509M | 592M | 1.21B | 1.41B | -552M | -101M | 1.54B | -1.04B | 152M | -9M | -29M | 0 | -530M | -492M | -798M |
| Operating Income | 4.01B | 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 % | 31.83% | 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 | 4.67B | 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 % | 37.02% | 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 % | 19.28% | -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) | 655M | 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 | 3.86B | 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 | -282M | -384M | -318M | -251M | -366M | -365M | -349M | -313M | -225M | -283M | -397M | -221M | -155M | -211M | -266M | -353M | -362M | -359M | -475M |
| Interest Income | 76M | 0 | 80M | 187M | 61M | 4M | 13M | 57M | 48M | 27M | 11M | 6M | 3M | 3M | 4M | 0 | 2M | 4M | 27M |
| Interest Expense | 358M | 384M | 398M | 438M | 427M | 369M | 362M | 370M | 273M | 310M | 408M | 227M | 158M | 214M | 270M | 353M | 320M | 363M | 502M |
| Other Income/Expense | -611M | -717M | -330M | -316M | -435M | -405M | -421M | -349M | -276M | -313M | -442M | -520M | -402M | -216M | 0 | 0 | -780M | 0 | -882M |
| Pretax Income | 3.4B | 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 % | 26.98% | 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 | 695M | 525M | 545M | 523M | 529M | 272M | -83M | 20M | 176M | -483M | -459M | -104M | 40M | 20M | 1M | 21M | 24M | 17M | 46M |
| Effective Tax Rate % | 20.42% | 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 | 2.65B | 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 % | 21.03% | 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 % | 12.37% | -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) | 2.71B | 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 | 347M | 395M | 348M | 316M | 291M | 242M | 207M | 214M | 185M | 189M | 221M | 288M | 263M | 245M | 235M | 212M | 233M | 198M | 213M |
| EPS (Diluted) | 10.46 | 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 % | 13.83% | -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 | 253.53M | 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 | 252.72M | 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% | - | - | - | - | - | - | - | - | - | - |
Automotive demand cyclicality
According to the most recent quarterly data, NXPI achieved a 12.2% revenue growth rate in 2026Q1, marking a significant departure from the persistent negative year-over-year growth trends observed throughout the 2024 and 2025 fiscal periods, which saw declines as deep as 9.3% in early 2025.
The sudden acceleration in 2026Q1 suggests a potential stabilization in automotive and industrial end-market demand, though it remains unclear if this represents a sustainable recovery or a temporary inventory replenishment cycle. Investors should monitor whether this growth trajectory can be maintained against the backdrop of normalized lead times and potential pricing pressure in the broader semiconductor sector.
As reported in financial statements, NXPI maintained a robust gross margin profile, peaking at 57.0% in 2024Q1 and stabilizing near 56.2% in 2026Q1, demonstrating significant pricing power despite the cyclical revenue headwinds that characterized the intervening quarters where margins dipped to a low of 53.4%.
The company's ability to sustain gross margins above 53% throughout a period of revenue contraction highlights the structural advantage of its high-value automotive processing portfolio. This margin stability suggests that the firm's 'fab-lite' model effectively mitigates the impact of foundry cost fluctuations, though continued monitoring of wafer procurement costs is warranted.
Based on reported figures, NXPI demonstrated significant operating leverage in 2026Q1, as operating income surged to $1.5 billion, representing a 47.3% operating margin, which stands in stark contrast to the 21.7% to 30.5% range maintained during the preceding eight quarters of more muted operational performance.
The sharp expansion in operating margins suggests that the company has successfully optimized its SG&A and R&D spend relative to the recent revenue uptick. This efficiency gain implies that the firm's fixed-cost base is well-aligned with current output levels, though analysts should investigate whether this level of profitability is sustainable or driven by temporary cost-containment measures.
Data from recent income statements indicates that stock-based compensation remains a consistent feature of the cost structure, with quarterly expenses ranging between $100 million and $127 million, which may obscure the underlying cash-generating efficiency of the business when evaluating net income growth on a per-share basis.
While net income has shown volatility, the consistent application of stock-based compensation warrants careful scrutiny to ensure that dilution does not erode the value of the company's earnings growth. Investors should distinguish between operational performance and the impact of non-cash compensation charges when assessing the true quality of the reported EPS.
As noted in recent SEC filings, the company's revenue recognition policy based on sell-in to distributors creates a risk that headline figures may mask underlying demand weakness, particularly as automotive lead times normalize and the industry transitions away from the supply-constrained environment of previous years.
Short-term revenue spikes could be interpreted as channel stuffing rather than genuine end-market demand, which poses a risk to future margin stability. If the current growth trend is driven by inventory replenishment, the company may face a subsequent correction if end-market demand fails to absorb the excess supply currently sitting in the distribution channel.
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.