NXP Semiconductors

NXPI · Nasdaq · Information Technology · Financials, fiscal 2016 to 2025

NXPI · Last close · October 26, 2026

$245.83

NXP Semiconductors' revenue fell 2.7% to $12.3 billion in fiscal 2025. Its operating margin was 24.8%, down from 27.1% a year earlier. Free cash flow was $2.4 billion, up 17.9%. It paid out $1.9 billion in dividends and buybacks, 79% of free cash flow. The diluted share count fell 1.4%.

NXP Semiconductors N.V. Latest fiscal year ended December 31, 2025 10-K filed February 19, 2026 · 0001413447-26-000008 Updated October 23, 2026

Revenue

$12.3B

2.7%

Operating margin

24.8%

2.3 pts

Net income

$2.0B

19.5%

Free cash flow

$2.4B

17.9%

Return on capital

12.6%

3.5 pts

Market cap

$62.3B

Oct 26 close

P/E

23.5x

On $10.45 EPS, 4 qtrs

Operating margin is operating income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

What NXP Semiconductors does

NXP Semiconductors, based in Eindhoven, the Netherlands, designs chips and sells them to makers of cars, factory and smart-home equipment, phones and communications gear. Its products include microcontrollers (small chips that control a device), application and communication processors, wireless connectivity chips, analog and power chips, radio-frequency amplifiers for cell towers, sensors and security chips used in passports, payment cards and phones.

It reports one business segment but sells into four end markets: Automotive, Industrial & IoT (internet-connected devices), Mobile, and Communication Infrastructure & Other. Revenue in 2025 was $12,269 million. Automotive is its main focus, and it describes growth coming from driver assistance, electric vehicles and software-defined vehicles.

NXP uses a mix of its own chip factories, a factory run jointly with another chip company, and outside foundries. It is joining two new 300 millimeter chip plants as a part-owner: one in Dresden, Germany, and one in Singapore. In 2025 it bought TTTech Auto, Aviva Links and Kinara, which add automotive software, in-car networking and AI processing chips.

Its biggest risks, as it describes them

A semiconductor industry that rises and falls in cycles.
Heavy competition and pricing pressure, especially on older technology, and having to win selection by customers.
Tariffs and other trade restrictions.
Manufacturing problems and reliance on outside suppliers and joint venture partners it does not control.
Product defects and security flaws that could bring warranty or liability claims.

From NXP Semiconductors's annual report on Form 10-K, filed February 19, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new 10-K.

Charts show fiscal years, from the 10-K filings.

Revenue and margins

Revenue

US$ billions, fiscal years

Margins

Percent of revenue

GrossOperatingNetFree cash flow

Net income and earnings per share

From fiscal 2016 to 2025, earnings per share grew 33.8% a year and net income 29.3% a year, as buybacks cut the share count by 27%.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Returns on capital

Return on capital and on equity

Percent. Return on capital is after-tax operating income over the money invested in the business (debt plus equity, minus cash); return on equity is net income over shareholders' equity. Both use the average of opening and closing balances.

Return on capitalReturn on equity

Cash flow

Free cash flow

US$ billions. Cash from operations minus capital expenditure; negative years in red.

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Two ways to value NXP Semiconductors yourself, both starting from its filings: a discounted cash flow model and the price-to-earnings method.

Discounted cash flow (DCF)

A discounted cash flow (DCF) model values a business as the cash it may generate in future, discounted back to today. The starting figures come from NXP Semiconductors' 10-K (or, for net cash and shares, its latest 10-Q) and the assumptions are yours: start from one of three example scenarios, then change any figure to see what it implies for a share, and how that compares with the last share price.

Value per share on three example scenarios, from NXP Semiconductors' fiscal 2025 free cash flow of $2.4B, net cash of −$9.8B at December 31, 2025 and 254 million diluted shares, from its filings. The scenarios are fitted to NXP Semiconductors: the base scenario's growth in years 1 to 5 is its revenue growth over the last 3 years, -2.4% a year, kept between 0% and 20%; the cautious and optimistic ones are lower and higher, and growth in years 6 to 10 is halfway to the long-run rate. The base scenario's discount rate is 12%: 11% for a cyclical or higher-risk business (Semiconductors), plus 1 point for unsteady results (revenue fell in two of the last five years); the cautious and optimistic ones use a point more and a point less. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

From the filings

Starting free cash flow, US$ millions

Cash from operations minus capital spending in fiscal 2025.

Net cash, US$ millions

Cash and short-term investments minus debt and finance leases at December 31, 2025. Negative means net debt.

Diluted shares, millions

Weighted-average diluted shares in fiscal 2025.

Your assumptions

Start from

Fitted to NXP Semiconductors's own revenue growth, as above. Cautious: growth of -2% then 0% a year, 2% after year 10, a 13% discount rate. Base: growth of 0% then 1% a year, 2.5% after year 10, a 12% discount rate. Optimistic: growth of 2% then 2.5% a year, 3% after year 10, a 11% discount rate.

Free cash flow growth, years 1 to 5 (% a year)

Free cash flow growth, years 6 to 10 (% a year)

Growth after year 10 (% a year)Long-run growth forever after year 10. Usually close to inflation, and always below the discount rate.

Discount rate (% a year)The yearly return an investor wants for the risk. A higher rate gives a lower value.

Value per share on these assumptions

—

Last close, October 26, 2026: $245.83
Value on these assumptions, against the last close: —

Cash flows in years 1 to 10, valued today: —
Everything after year 10, valued today: —
Plus net cash: —
Share of value from after year 10: —

Projected free cash flow

US$ billions. Each column is one year's projected free cash flow, split into what it is worth today and the part removed by discounting.

Value todayRemoved by discounting

How the value changes with two assumptions

Value per share in US$, with the growth rates above. The highlighted cell matches the current assumptions.

How the model works. Free cash flow grows at the first rate for five years and the second rate for five more, and each year is discounted at the discount rate. Everything after year 10 is valued as year-10 cash flow × (1 + growth after year 10) ÷ (discount rate − growth after year 10), discounted back ten years. Net cash is added and the total is divided by diluted shares. The result depends entirely on the assumptions. It is not a forecast, a price target or a recommendation. The last close is the consolidated US closing price, from Databento.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

Value per share on three example scenarios, from NXP Semiconductors' earnings per share of $10.45 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 34×, the middle of NXP Semiconductors' own P/E today, its peers' median and its sector's median (the Information Technology median) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 13%, 12% and 11%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

Earnings per share, US$

Diluted earnings per share over the four quarters to March 29, 2026, from the 10-Qs and 10-K.

P/E multiple

P/E today is the last close divided by the latest earnings per share, the four quarters' where available. Peers: Analog Devices, Texas Instruments, Marvell Technology.

Earnings growth in the years ahead (% a year) Starts at NXP Semiconductors' revenue growth over the last 3 years, -2.4% a year, kept between 0% and 20%, as the base scenario does.

Earnings per share in the years ahead, US$

Year 1Year 2Year 3Year 4Year 5

Type your own estimate for any year; the years after it carry on at the growth rate.

Apply the multiple to earnings

A multiple on a future year's earnings gives the price then, brought back to today at the discount rate below.

Discount rate (% a year) The yearly return an investor wants for the risk, as in the cash flow model.

Value per share today at this multiple

—

Last close, October 26, 2026: $245.83
Value at this multiple, against the last close: —
NXP Semiconductors' P/E at the last close: 23.5×

Company	Last close	Earnings per share	P/E today
Marvell TechnologyMRVL	$233.78	$3.03	77.2×
Analog DevicesADI	$407.93	$8.42	48.4×
Texas InstrumentsTXN	$298.12	$7.71	38.7×
NXP SemiconductorsNXPI	$245.83	$10.45	23.5×

How the P/E method works. Value per share is earnings per share times the multiple. On a future year's earnings, that gives the price in that year, which is brought back to today at the discount rate: price ÷ (1 + discount rate) for each year ahead. It is quick and easy to compare across companies, but it ignores debt and cash, and earnings can swing with one-off gains and charges, so a multiple says most about steady, profitable businesses. Like the cash flow model, the result depends entirely on the assumptions you choose. It is not a forecast, a price target or a recommendation.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	2,830	3,845	3,862	3,292	3,267
Debt incl. finance leases	10,673	11,271	11,269	12,437	13,055
Net debt (negative means net cash)	7,843	7,426	7,407	9,145	9,788
Net debt to EBITDA	2.0x	1.5x	1.6x	2.1x	2.5x
Debt to equity	1.6x	1.5x	1.3x	1.4x	1.3x
Interest coverage	7.0x	8.9x	8.4x	8.6x	6.5x
Current ratio	2.1x	2.1x	1.9x	2.4x	2.0x
Quick ratio	1.6x	1.6x	1.4x	1.6x	1.4x

US$ millions unless stated, at each fiscal year end. Net debt to EBITDA is debt minus cash, divided by operating income before depreciation and amortization: roughly how many years of those earnings the net debt equals. Debt to equity is debt as a multiple of shareholders' equity. Interest coverage is operating income divided by interest expense. The current ratio is current assets over current liabilities; the quick ratio leaves out inventory.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, 1 insider bought $50,733 of NXP Semiconductors shares on the open market, and 5 insiders sold $11.1 million, $9.1 million of it under trading plans set up in advance.

Date	Insider	Trade	Shares	Price	Value	Filing
Oct 1, 2026	Christopher L JensenEVP, Chief People Officer	Sold plan	3,355	$240.00	$805,200	Form 4
Sep 15, 2026	Andrew MicallefEVP, Chief Operations Officer	Sold plan	1,000	$226.04	$226,040	Form 4
Jun 15, 2026	Andrew MicallefEVP, Chief Operations Officer	Sold plan	1,000	$315.57	$315,570	Form 4
Jun 1, 2026	Christopher L JensenEVP, Chief People Officer	Sold plan	1,746	$316.53	$552,661	Form 4
Apr 23, 2026	Andrew HardyEVP, Chief Sales Officer	Sold plan	5,289	$235.00	$1.2 million	Form 4
Apr 23, 2026	Christopher L JensenEVP, Chief People Officer	Sold plan	4,576	$234.03	$1.1 million	Form 4
Mar 16, 2026	Andrew MicallefEVP, Chief Operations Officer	Sold plan	1,000	$194.58	$194,580	Form 4
Jan 2, 2026	Jennifer WuamettEVP & General Counsel	Sold plan	12,425	$220.94	$2.7 million	Form 4
Dec 15, 2025	Andrew MicallefEVP, Chief Operations Officer	Sold plan	1,000	$230.78	$230,780	Form 4
Dec 3, 2025	Christopher L JensenEVP, Chief People Officer	Sold	2,300	$228.17	$524,791	Form 4
Dec 3, 2025	Julie SouthernDirector	Bought	225	$225.48	$50,733	Form 4
Nov 13, 2025	William BetzEVP & CFO	Sold	7,299	$201.93	$1.5 million	Form 4

The latest 12 of 13 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Piotroski F-score

The F-score counts how many of nine simple tests of profitability, funding and efficiency a company passed in a year (Piotroski, 2000). The more tests passed, the stronger the year: 8 or 9 is strong, 0 to 2 weak. Companies that report no gross profit are scored on the other eight.

Test	FY23	FY24	FY25
Net income is positive	Pass	Pass	Pass
Cash from operations is positive	Pass	Pass	Pass
Return on assets rose	Fail	Fail	Fail
Cash from operations exceeds net income	Pass	Pass	Pass
Debt fell relative to assets	Pass	Fail	Fail
Current ratio rose	Fail	Pass	Fail
Share count didn't rise	Pass	Pass	Pass
Gross margin rose	Fail	Fail	Fail
Revenue rose relative to assets	Fail	Fail	Fail
F-score	5 of 9	5 of 9	4 of 9
Accruals ratio	−3.0%	−1.1%	−3.1%

The accruals ratio is net income minus cash from operations, over average total assets.

Compare

Put NXP Semiconductors side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Operating margin	Free cash flow margin	Return on capital	Net debt to EBITDA	F-score	Compare
NXP Semiconductors	FY25	−2.7%	24.8%	19.8%	12.6%	2.5x	4
STMicroelectronics	FY25	−11.1%	1.5%	—	0.5%	−0.8x	6	Compare
Analog Devices	FY25	16.9%	26.6%	38.8%	6.2%	1.0x	8	Compare
Texas Instruments	FY25	13.1%	34.1%	14.7%	21.8%	1.1x	6	Compare
Marvell Technology	FY26	42.1%	16.1%	17.0%	7.0%	0.9x	6	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly. Free cash flow margin is free cash flow as a share of revenue. Net debt to EBITDA is explained under the balance sheet, and the F-score above.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	9,498	9,256	9,407	8,877	8,612	11,063	13,205	13,276	12,614	12,269
Revenue growth	55.7%	−2.5%	1.6%	−5.6%	−3.0%	28.5%	19.4%	0.5%	−5.0%	−2.7%
Gross profit	4,069	4,619	4,851	4,618	4,235	6,067	7,517	7,553	7,119	6,716
Research and development	1,560	1,554	1,700	1,643	1,725	1,936	2,148	2,418	2,347	2,360
Operating income	−150	2,102	2,710	641	418	2,583	3,797	3,661	3,417	3,047
Net income	200	2,215	2,208	243	52	1,871	2,787	2,797	2,510	2,021
Diluted EPS (US$)	0.58	6.41	6.72	0.85	0.18	6.79	10.55	10.70	9.73	7.95
Diluted shares (millions)	348	346	329	286	284	276	264	261	258	254
Cash flow
Cash from operations	2,303	2,447	4,369	2,373	2,482	3,077	3,895	3,513	2,782	2,820
Capital expenditure	389	552	611	526	392	767	1,063	827	727	397
Free cash flow	1,914	1,895	3,758	1,847	2,090	2,310	2,832	2,686	2,055	2,423
Dividends paid	0	0	74	319	420	562	815	1,006	1,038	1,025
Share buybacks	1,280	286	5,006	1,443	627	4,015	1,426	1,053	1,373	899
Acquisitions	202	0	18	1,698	34	23	27	0	0	1,175
Stock-based compensation	338	281	314	346	384	353	364	411	461	462
Balance sheet at fiscal year end
Cash and short-term investments	1,894	3,547	2,789	1,045	2,275	2,830	3,845	3,862	3,292	3,267
Debt incl. finance leases	9,187	6,565	7,354	7,425	7,674	10,673	11,271	11,269	12,437	13,055
Total assets	24,898	24,049	21,530	20,016	19,847	20,864	23,236	24,353	24,385	26,560
Total liabilities	13,742	10,333	10,840	10,361	10,696	14,094	15,496	15,393	14,854	16,109
Shareholders' equity	10,935	13,527	10,505	9,441	8,944	6,528	7,449	8,644	9,183	10,056
Margins and ratios
Gross margin	42.8%	49.9%	51.6%	52.0%	49.2%	54.8%	56.9%	56.9%	56.4%	54.7%
Operating margin	−1.6%	22.7%	28.8%	7.2%	4.8%	23.4%	28.8%	27.6%	27.1%	24.8%
Net margin	2.1%	23.9%	23.5%	2.7%	0.6%	16.9%	21.1%	21.1%	19.9%	16.5%
Free cash flow margin	20.1%	20.5%	40.0%	20.8%	24.3%	20.9%	21.4%	20.2%	16.3%	19.8%
Return on capital	−0.6%	11.9%	15.7%	3.8%	2.7%	15.5%	21.5%	19.6%	16.1%	12.6%
Return on equity	1.8%	18.1%	18.4%	2.4%	0.6%	24.2%	39.9%	34.8%	28.2%	21.0%
Return on assets	0.8%	9.1%	9.7%	1.2%	0.3%	9.2%	12.6%	11.8%	10.3%	7.9%
Net debt to EBITDA	3.5x	0.7x	1.0x	2.4x	2.2x	2.0x	1.5x	1.6x	2.1x	2.5x

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: NXP Semiconductors' Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with NXP Semiconductors.