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NXP Semiconductors (NXPI)

NXP Semiconductors N.V. is a global semiconductor company with over 70 years of innovation, specializing in providing solutions that leverage its extensive portfolio of intellectual property, application knowledge, process technology, and manufacturing expertise . The company offers products used in a wide range of applications across four primary end markets: automotive, industrial & Internet of Things (IoT), mobile, and communication infrastructure . NXP markets its products worldwide to original equipment manufacturers (OEMs), contract manufacturers, and distributors, with a significant portion of its revenue derived from these sectors .

  1. Automotive - Develops semiconductor solutions for automotive applications, enhancing vehicle safety, connectivity, and efficiency.
  2. Industrial & Internet of Things (IoT) - Provides semiconductor products for industrial automation and IoT devices, enabling smart and connected environments.
  3. Mobile - Offers semiconductor solutions for mobile devices, focusing on enhancing connectivity and user experience.
  4. Communication Infrastructure - Supplies semiconductor products for communication networks, supporting high-speed data transfer and connectivity.

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NamePositionExternal RolesShort Bio

Kurt Sievers

ExecutiveBoard

President and CEO

Board Member at Capgemini S.E., ZVEI, and GSA; President of AENEAS; Member of APA and OAV (spokesperson for Korea)

Joined NXP in 1995; became CEO in May 2020; instrumental in NXP-Freescale merger and navigating industry challenges; holds a Master’s in Physics and IT from Augsburg University.

View Report →

Andrew Micallef

Executive

Executive Vice President, Chief Operations and Manufacturing Officer

None

Joined NXP in May 2021; oversees manufacturing, quality, and supply chain strategies; previously COO at Marvell and held leadership roles at Intersil, Audience, LSI, and Agere.

Christopher Jensen

Executive

Executive Vice President and CHRO

Adjunct Professor at Baylor University

Joined NXP in 2015 after Freescale merger; became CHRO in June 2020; expertise in HR functions, change management, and M&A.

Ron Martino

Executive

Executive Vice President and Chief Sales Officer

None

Joined Freescale (now NXP) in 2008; over 30 years of experience in microelectronics; previously led Edge Processing and i.MX application processor businesses.

William Betz

Executive

Executive Vice President and CFO

None

Joined NXP in 2013; became CFO in October 2021; extensive finance experience in semiconductors; MBA from University of Chicago Booth School of Business.

Gregory L. Summe

Board

Independent Non-Executive Director

Managing Partner at Glen Capital Partners; Board Member at State Street Corporation and Avantor Corporation

Joined NXPI Board in December 2015; former Chair of Freescale Semiconductor; extensive leadership in finance and strategy; MBA from Wharton School.

Julie Southern

Board

Chair of the Board

Non-Executive Director at Ocado Group plc and RWS Holdings plc

Chair of NXPI Board since May 2023; non-executive director since 2013; former CFO and CCO at Virgin Atlantic Airways; extensive board experience.

  1. With the anticipated low single-digit ASP erosion next year and increased pricing pressure, particularly in the automotive sector, how will you maintain your gross margins without sacrificing market share, and would you consider exiting certain product lines if price becomes the only competitive lever?

  2. Given the broader macro weakness in Europe and North America leading to both lower production numbers and reduced inventory targets at your Tier 1 customers, how significantly do you expect this "double whammy" to impact your revenue growth, and what strategies are you implementing to mitigate this effect?

  3. Despite investing $400 million in capacity access fees and $172 million in equity investments into the BSMC and ESMC foundry joint ventures under construction, how do you balance these significant capital expenditures with your commitment to return excess cash to shareholders through buybacks and dividends?

  4. Your channel inventory increased from 1.7 to 1.9 months due to late-quarter weakness reducing sell-through more than anticipated; how are you adjusting your inventory management practices to better align with the uncertain demand environment and prevent unintended inventory build-up?

  5. Considering that the majority of your Industrial and IoT business is concentrated in China and that strength in China cannot offset the weakness in Europe and the U.S., how do you plan to diversify your geographic exposure to mitigate risks associated with regional demand fluctuations?

Research analysts who have asked questions during NXP Semiconductors earnings calls.

Program DetailsProgram 1Program 2
Approval DateJanuary 2022 August 2024
End Date/DurationN/AN/A
Total Additional Amount$2 billion $2 billion
Remaining Authorization$0.6 billion $2 billion
DetailsAuthorization remains in effect until terminated by the Board Authorization remains in effect until terminated by the Board
YearAmount Due ($ in millions)Debt TypeInterest Rate (%)% of Total Debt
2025500 Fixed-rate 2.7% senior unsecured notes2.70 4.9% = (500 / 10,182) * 100
20261,250 Fixed-rate 5.35% senior unsecured notes5.35 12.3% = (1,250 / 10,182) * 100
20261,250 Fixed-rate 3.875% senior unsecured notes3.875 12.3% = (1,250 / 10,182) * 100
20271,000 Fixed-rate 3.15% senior unsecured notes3.15 9.8% = (1,000 / 10,182) * 100
20271,000 Fixed-rate 4.40% senior unsecured notes4.40 9.8% = (1,000 / 10,182) * 100
2028500 Fixed-rate 5.55% senior unsecured notes5.55 4.9% = (500 / 10,182) * 100
20291,000 Fixed-rate 4.3% senior unsecured notes4.30 9.8% = (1,000 / 10,182) * 100
20301,000 Fixed-rate 3.4% senior unsecured notes3.40 9.8% = (1,000 / 10,182) * 100
20311,000 Fixed-rate 2.5% senior unsecured notes2.50 9.8% = (1,000 / 10,182) * 100
20321,000 Fixed-rate 2.65% senior unsecured notes2.65 9.8% = (1,000 / 10,182) * 100
20331,000 Fixed-rate 5.0% senior unsecured notes5.00 9.8% = (1,000 / 10,182) * 100
20411,000 Fixed-rate 3.25% senior unsecured notes3.25 9.8% = (1,000 / 10,182) * 100
2042500 Fixed-rate 3.125% senior unsecured notes3.125 4.9% = (500 / 10,182) * 100
2051500 Fixed-rate 3.25% senior unsecured notes3.25 4.9% = (500 / 10,182) * 100

Competitors mentioned in the company's latest 10K filing.

CompanyDescription

Competes with the company on a global basis in the semiconductor industry, including in areas such as research and development, manufacturing, sales, and marketing across various product lines.

Engages in competition with the company in the semiconductor market, focusing on specific applications or market segments.

Infineon Technologies AG

Competes with the company in the semiconductor industry, with a focus on certain product lines and market segments.

A competitor in the semiconductor space, investing in research and development and targeting specific applications or market segments.

Competes with the company in the semiconductor industry, particularly in areas requiring advanced technology and innovation.

Renesas Electronics Corp.

A competitor in the semiconductor market, focusing on specific applications and market segments.

Engages in competition with the company in the semiconductor industry, targeting various product lines and market segments.

Competes with the company in the semiconductor industry, investing in research and development and targeting specific applications or market segments.

CustomerRelationshipSegmentDetails

Avnet

Distributor

All

22% of revenue in 2024 = $2,775 million (22% of $12,614 million ) and 21% in 2023 (total revenue for 2023 is N/A in documents).

NameStart DateEnd DateReason for Change
Ernst & Young Accountants LLP2020 PresentCurrent auditor.
KPMG Accountants N.V.2009 2019 Not recommended for re-appointment after a competitive selection process.

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

Kinara, Inc.

2025

NXP Semiconductors entered into a definitive all‐cash agreement valued at $307 million, expected to close in the first half of 2025; the deal brings in high-performance, energy-efficient neural processing units for edge AI applications in industrial and automotive markets.

TTTech Auto

2025

NXP Semiconductors announced an all‐cash acquisition valued at $625 million to bolster its automotive business through the integration of TTTech Auto’s MotionWise middleware, safety-critical systems expertise, and approximately 1,100 engineers, with the transaction slated to close in the second half of 2025.

Aviva Links

2024

NXP Semiconductors announced the all‐cash acquisition of Aviva Links for $242.5 million on December 17, 2024, to expand its automotive connectivity portfolio with ASA-compliant SerDes solutions for ADAS and IVI applications, with closing expected in the first half of 2025.

Recent press releases and 8-K filings for NXPI.

NXP Semiconductors unveils EIS-capable battery management chipset
NXPI
Product Launch
  • Industry-first BMS chipset features built-in Electrochemical Impedance Spectroscopy (EIS) with nanosecond-level hardware synchronization for lab-grade battery diagnostics in EVs.
  • Integrates three chipset units—BMA7418 cell sensing device, BMA6402 gateway, and BMA8420 junction box controller—to deliver precise impedance measurements without extra components.
  • Hardware-embedded EIS enables real-time monitoring for safe fast charging, early fault detection, and reduced system complexity and cost.
  • Available early 2026 with support on the S32K358 microcontroller, expanding NXP’s electrification solutions portfolio.
Oct 29, 2025, 8:00 AM
NXP Semiconductors reports Q3 2025 results
NXPI
Earnings
Guidance Update
M&A
  • NXP Semiconductors delivered Q3 revenue of $3.17 billion (-2% y/y, +8% sequentially), with non-GAAP operating margin of 33.8% and EPS of $3.11.
  • Q4 2025 guidance: $3.3 billion revenue (±$100 million), +6% y/y and +4% sequentially; non-GAAP gross margin of 57.5% ±50 bps; non-GAAP EPS of $3.28 midpoint.
  • End-of-Q3 net debt was $8.28 billion on TTM EBITDA of $4.65 billion (net debt/EBITDA 1.8×); Q3 non-GAAP free cash flow was $509 million, with $256 million in dividends and $154 million in share repurchases YTD.
  • Completed acquisitions of Aviva Links and Kinara, closed with regulatory approvals and immaterial near-term revenue impact, expected to contribute materially by 2028.
  • Committed to hybrid manufacturing investments: Q4 capacity access fee of $250 million and $350 million equity in VSMC (Singapore), plus $45 million equity in ESMC (Germany).
Oct 28, 2025, 12:00 PM
NXP Semiconductors reports Q3 2025 results
NXPI
Earnings
Guidance Update
M&A
  • NXP delivered Q3 revenue of $3.17 billion (-2% YoY, +8% sequentially), achieved a non-GAAP operating margin above 34%, and generated non-GAAP EPS of $3.11, beating guidance by $0.01.
  • Distribution inventory remained at 9 weeks, below the long-term target of 11 weeks, while inventory at major Tier 1 automotive partners stayed below NXP’s manufacturing cycle time, reflecting continued caution in the automotive supply chain.
  • For Q4, NXP guides revenue of $3.3 billion (+6% YoY, +4% sequentially), with automotive up mid-single digits YoY, industrial & IoT up mid-20% YoY, mobile up mid-teens YoY, and communications infrastructure down ~20% YoY.
  • The company closed acquisitions of Kinara and Aviva Links (short-term immaterial impact; material revenue expected by 2028), plans ~$600 million of investments in VSMC/ESMC joint ventures, and has resumed share buybacks.
Oct 28, 2025, 12:00 PM
NXP Semiconductors reports Q3 2025 results
NXPI
Earnings
Guidance Update
M&A
  • Q3 revenue of $3.17 billion (–2% YoY; +8% QoQ) and non-GAAP EPS of $3.11 with a 33.8% operating margin.
  • Provides Q4 guidance of $3.3 billion revenue (+6% YoY; +4% QoQ) and expected non-GAAP EPS of $3.28.
  • End-Q3 net debt of $8.28 billion (net debt/EBITDA 1.8×) and generated non-GAAP free cash flow of $509 million.
  • Closed acquisitions of Kinara and Aviva Links; near-term revenue impact immaterial, with material benefits expected by 2028.
Oct 28, 2025, 12:00 PM
NXP Semiconductors announces Q3 2025 results
NXPI
Earnings
Guidance Update
  • NXP reported Q3 2025 revenue of $3.17 B, a sequential 8% increase (from $2.93 B in Q2) but a 2% year-over-year decline (from $3.25 B).
  • Non-GAAP gross margin was 57.0% and non-GAAP operating margin 33.8%, with operating profit of $1.07 B.
  • Non-GAAP free cash flow was $509 M, or 16.0% of revenue in the quarter.
  • Q4 2025 guidance calls for revenue of $3.2 B–$3.4 B (mid-point up 4% QoQ, 6% YoY) and non-GAAP EPS of $3.28 at the mid-point.
Oct 28, 2025, 12:00 PM
NXP completes acquisitions of Aviva Links and Kinara
NXPI
M&A
  • NXP closed the acquisition of Aviva Links for $243 million on October 24, 2025, enhancing its automotive in-vehicle connectivity solutions.
  • On October 27, 2025, NXP completed the purchase of Kinara for $307 million, expanding its AI-powered edge computing capabilities for Industrial & IoT and Automotive markets.
  • These transactions, announced in December 2024 and February 2025, bolster NXP’s automotive networking and AI offerings in its core end markets.
Oct 28, 2025, 11:45 AM
NXP Semiconductors reports Q3 2025 results
NXPI
Earnings
Dividends
M&A
  • Revenue was $3.17 billion, down 2% year-on-year; GAAP gross margin was 56.3% and GAAP diluted EPS was $2.48
  • Non-GAAP gross margin was 57.0%, non-GAAP operating margin was 33.8%, and non-GAAP diluted EPS was $3.11
  • Third-quarter non-GAAP free cash flow was $509 million on $585 million of operating cash flow and $76 million of capex; $310 million (60.9% of FCF) was returned via dividends and buybacks
  • Announced sale of MEMS sensors business to STMicroelectronics for up to $950 million, issued $1.5 billion of senior notes, and completed acquisition of Aviva Links for $243 million
Oct 28, 2025, 10:41 AM
NXP Semiconductors exceeds Q3 2025 revenue targets
NXPI
Earnings
Guidance Update
M&A
  • NXP reported $3.17 billion in Q3 2025 revenue, slightly surpassing market expectations.
  • The company projects Q4 revenue of $3.2 billion to $3.4 billion with gross margins of 57–58%.
  • Completed a $243 million acquisition of Aviva Links to bolster automotive networking innovations.
  • Forward P/E ratio declined to 16 from 17, indicating improved valuation.
  • Balance sheet remains robust, with a 1.74 current ratio and 1.12 debt-to-equity ratio.
Oct 27, 2025, 8:58 PM
NXP Semiconductors reports Q3 2025 results
NXPI
Earnings
Share Buyback
M&A
  • Q3 revenue was $3.17 billion, down 2% year-on-year; GAAP gross margin was 56.3% and GAAP diluted EPS was $2.48 (non-GAAP EPS $3.11).
  • Operating cash flow was $585 million with net capex of $76 million, yielding non-GAAP free cash flow of $509 million; the company returned $310 million to shareholders (buybacks $54 million, dividends $256 million), plus $100 million of share repurchases post-quarter.
  • Launched its 18-channel BMx7318/7518 Li-ion battery cell controller IC family for EV and industrial applications; agreed to sell its MEMS sensors business to STMicroelectronics for up to $950 million in cash.
  • Issued $1.5 billion of senior unsecured notes across 2028, 2032 and 2035 maturities; closed acquisition of Aviva Links for $243 million and obtained regulatory approval for the Kinara acquisition.
Oct 27, 2025, 8:10 PM
NXP Semiconductors prices senior unsecured notes offering
NXPI
Debt Issuance
  • $1.5 billion offering of senior unsecured notes: $500 million of 4.300% notes due 2028, $300 million of 4.850% notes due 2032 and $700 million of 5.250% notes due 2035
  • Notes are fully and unconditionally guaranteed by NXP Semiconductors N.V., structurally subordinated to its other subsidiaries’ liabilities and effectively junior to future secured debt
  • Closing expected around August 19, 2025, with net proceeds earmarked to redeem $500 million of 5.350% and $750 million of 3.875% senior notes due 2026
  • Joint book-running managers: Barclays, Goldman Sachs, J.P. Morgan, PNC Capital Markets and UBS Investment Bank
Aug 12, 2025, 8:50 PM