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NXPI Q4 Earnings Beat Estimates: Can Strong Results Lift the Stock?
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NXP Semiconductors (NXPI - Free Report) reported fourth-quarter 2024 non-GAAP earnings of $3.18 per share, beating the Zacks Consensus Estimate by 1.3%. The figure declined 14.3% year over year.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
NXPI’s earnings beat the Zacks Consensus Estimate thrice and matched once, with the average surprise being 1.10%.
NXP Semiconductors’ top line of $3.11 billion came higher than the midpoint of management’s guidance. The figure declined 9.1% year over year. The figure beat the Zacks Consensus Estimate of $3.10 billion by 0.3%.
NXP Semiconductors N.V. Price, Consensus and EPS Surprise
The automotive segment, the largest segment of NXPI, outshined the underperformance of Mobile, Industrial & IoT, and Communication Infrastructure & Others segments, which lagged the Zacks Consensus Estimate in the reported quarter.
NXP Semiconductors’ modest top-line and bottom-line guidance for the first quarter, along with a moderate performance in the fourth quarter, pushed its shares up by more than 2% in the after-market trading following the results.
Although shares of NXPI have lost 7.4% in the past year, underperforming the Zacks Semiconductor - Analog and Mixed industry’s decline of 5.3%, its improved fourth-quarter results might aid its recovery.
NXPI’s Q4 2024 Details
Revenues from Automotive (57.5% of total revenues) in the fourth quarter were $1.79 billion, down 6% year over year. This figure surpassed the consensus mark of $1.732 billion.
Fourth-quarter revenues from Mobile (12.7% of total revenues) were $396 million, down 2% year over year. The figure missed the consensus mark of $399 million.
Revenues from Communication Infrastructure & Others (13.1% of total revenues) in the fourth quarter were $409 million, down 10% from the year-ago reported figure. This figure missed the consensus mark of $432.7 million.
Revenues from Industrial & IoT (16.6% of total revenues) were $516 million, which declined 22% from the year-ago level and lagged the consensus mark of $532.7 million.
NXPI’s non-GAAP gross profit in the fourth quarter was $1.789 billion, down 11% year over year. The non-GAAP gross margin contracted 120 basis points (bps) on a year-over-year basis to 57.5%.
For the fourth quarter, non-GAAP operating income declined 12.6% year over year to $1.07 billion. Operating margin contracted 140 bps to 34.2% from the year-ago quarter.
NXPI’s Balance Sheet & Cash Flow
As of Dec. 31, 2024, NXPI’s cash and cash equivalent, and short-term deposit balance was $3.29 billion, up from $3.15 billion as of Sept. 29, 2024.
The long-term debt was $10.354 billion at the end of the quarter under review compared with $9.683 billion at the end of the last reported quarter.
Cash flow from operations was $391 million, down 49.8% from the previous quarter’s levels. The company’s capex investment was $130 million in the reported quarter. NXPI generated a free cash flow of $292 million in the fourth quarter.
In the fourth quarter, NXPI made dividend payments of $258 million and repurchased shares worth $455 million.
NXPI’s Q1 Guidance
For first-quarter 2025, NXPI expects revenues in the range of $2.725-$2.925 billion, indicating a decline of 6-13% year over year.
The Zacks Consensus Estimate is pegged at $2.88 billion, indicating a year-over-year decline of 8%.
NXPI expects adjusted earnings in the band of $2.39-$2.79 per share. The Zacks Consensus Estimate for earnings is pinned at $2.67 per share, indicating a year-over-year decline of 17.6%.
Zacks Rank & Stocks to Consider
Currently, NXPI carries a Zacks Rank #4 (Sell).
Bill Holdings (BILL - Free Report) , Marvell Technology (MRVL - Free Report) and Gitlab (GTLB - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector.
The consensus mark for BILL’s 2025 earnings has been revised upward by a penny to $1.77 per share over the past 60 days, indicating a 13% year-over-year increase. BILL shares have gained 26.2% in the past year.
The consensus mark for MRVL’s 2025 earnings has been revised upward by 10 cents to $1.56 per share over the past 60 days, indicating a 3.31% year-over-year increase. MRVL shares have risen 69.4% in the past year.
The consensus mark for GTLB’s 2025 earnings has been revised upward by 17 cents to 63 cents per share over the past 60 days, indicating a 215% year-over-year increase. GTLB shares have lost 0.4% in the past year.
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NXPI Q4 Earnings Beat Estimates: Can Strong Results Lift the Stock?
NXP Semiconductors (NXPI - Free Report) reported fourth-quarter 2024 non-GAAP earnings of $3.18 per share, beating the Zacks Consensus Estimate by 1.3%. The figure declined 14.3% year over year.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
NXPI’s earnings beat the Zacks Consensus Estimate thrice and matched once, with the average surprise being 1.10%.
NXP Semiconductors’ top line of $3.11 billion came higher than the midpoint of management’s guidance. The figure declined 9.1% year over year. The figure beat the Zacks Consensus Estimate of $3.10 billion by 0.3%.
NXP Semiconductors N.V. Price, Consensus and EPS Surprise
NXP Semiconductors N.V. price-consensus-eps-surprise-chart | NXP Semiconductors N.V. Quote
The automotive segment, the largest segment of NXPI, outshined the underperformance of Mobile, Industrial & IoT, and Communication Infrastructure & Others segments, which lagged the Zacks Consensus Estimate in the reported quarter.
NXP Semiconductors’ modest top-line and bottom-line guidance for the first quarter, along with a moderate performance in the fourth quarter, pushed its shares up by more than 2% in the after-market trading following the results.
Although shares of NXPI have lost 7.4% in the past year, underperforming the Zacks Semiconductor - Analog and Mixed industry’s decline of 5.3%, its improved fourth-quarter results might aid its recovery.
NXPI’s Q4 2024 Details
Revenues from Automotive (57.5% of total revenues) in the fourth quarter were $1.79 billion, down 6% year over year. This figure surpassed the consensus mark of $1.732 billion.
Fourth-quarter revenues from Mobile (12.7% of total revenues) were $396 million, down 2% year over year. The figure missed the consensus mark of $399 million.
Revenues from Communication Infrastructure & Others (13.1% of total revenues) in the fourth quarter were $409 million, down 10% from the year-ago reported figure. This figure missed the consensus mark of $432.7 million.
Revenues from Industrial & IoT (16.6% of total revenues) were $516 million, which declined 22% from the year-ago level and lagged the consensus mark of $532.7 million.
NXPI’s non-GAAP gross profit in the fourth quarter was $1.789 billion, down 11% year over year. The non-GAAP gross margin contracted 120 basis points (bps) on a year-over-year basis to 57.5%.
For the fourth quarter, non-GAAP operating income declined 12.6% year over year to $1.07 billion. Operating margin contracted 140 bps to 34.2% from the year-ago quarter.
NXPI’s Balance Sheet & Cash Flow
As of Dec. 31, 2024, NXPI’s cash and cash equivalent, and short-term deposit balance was $3.29 billion, up from $3.15 billion as of Sept. 29, 2024.
The long-term debt was $10.354 billion at the end of the quarter under review compared with $9.683 billion at the end of the last reported quarter.
Cash flow from operations was $391 million, down 49.8% from the previous quarter’s levels. The company’s capex investment was $130 million in the reported quarter. NXPI generated a free cash flow of $292 million in the fourth quarter.
In the fourth quarter, NXPI made dividend payments of $258 million and repurchased shares worth $455 million.
NXPI’s Q1 Guidance
For first-quarter 2025, NXPI expects revenues in the range of $2.725-$2.925 billion, indicating a decline of 6-13% year over year.
The Zacks Consensus Estimate is pegged at $2.88 billion, indicating a year-over-year decline of 8%.
NXPI expects adjusted earnings in the band of $2.39-$2.79 per share. The Zacks Consensus Estimate for earnings is pinned at $2.67 per share, indicating a year-over-year decline of 17.6%.
Zacks Rank & Stocks to Consider
Currently, NXPI carries a Zacks Rank #4 (Sell).
Bill Holdings (BILL - Free Report) , Marvell Technology (MRVL - Free Report) and Gitlab (GTLB - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector.
While Bill Holdings sports a Zacks Rank #1 (Strong Buy), Marvell Technology and Gitlab carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus mark for BILL’s 2025 earnings has been revised upward by a penny to $1.77 per share over the past 60 days, indicating a 13% year-over-year increase. BILL shares have gained 26.2% in the past year.
The consensus mark for MRVL’s 2025 earnings has been revised upward by 10 cents to $1.56 per share over the past 60 days, indicating a 3.31% year-over-year increase. MRVL shares have risen 69.4% in the past year.
The consensus mark for GTLB’s 2025 earnings has been revised upward by 17 cents to 63 cents per share over the past 60 days, indicating a 215% year-over-year increase. GTLB shares have lost 0.4% in the past year.