NXP Semiconductors reported its financial results for the fourth quarter and full-year 2024, with a 5% year-over-year decline in full-year revenue, totaling $12.61 billion. The fourth-quarter revenue was $3.11 billion, down 9% year-over-year, but slightly above the midpoint of the guidance range. Despite market challenges, NXP maintained solid gross margins and strong free cash flow. Full-year GAAP gross margin was 56.4%, and non-GAAP gross margin was 58.1%. The company returned $713 million to shareholders in Q4 through dividends and share repurchases.

Revenue from the automotive segment was $1.79 billion in Q4, down 6% year-over-year, while industrial & IoT, mobile, and communications infrastructure saw further declines. NXP introduced several new products, including automotive Ethernet switches and UWB solutions. It also entered into agreements to acquire Aviva Links and TT Tech Auto to strengthen its automotive capabilities.

For 2025, NXP's guidance for Q1 revenue is between $2.725 billion and $2.925 billion, with non-GAAP gross margins expected to be between 55.8% and 56.8%. CEO Kurt Sievers emphasized the company's resilience in the face of soft demand and its focus on executing growth strategies.

A conference call is scheduled for February 4, 2025, to discuss the results.