NXP Semiconductors 10-Q 2025-03-30

Filed 2025-04-29. 8 sections, 147K characters. Original on sec.gov · Markdown · JSON

Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 30, 2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission File Number: 001-34841

NXP Semiconductors N.V.

(Exact name of registrant as specified in its charter)


Netherlands						98-1144352
(State or other jurisdiction of incorporation or organization)						(I.R.S. employer identification number)

60 High Tech Campus						5656 AG
Eindhoven
Netherlands
(Address of principal executive offices)						(Zip code)


			+31			40			2729999
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class			Trading symbol(s)			Name of each exchange on which registered
Common shares, EUR 0.20 par value			NXPI			The Nasdaq Global Select Market

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

As of April 25, 2025, there were 252,628,698 shares of our common stock, €0.20 par value per share, issued and outstanding.

NXP Semiconductors N.V.

Form 10-Q

For the Fiscal Quarter Ended March 30, 2025

TABLE OF CONTENTS


		Page
Part I
	Introduction and Forward Looking Statements	1
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	16
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	29
Item 4.	Controls and Procedures	29

Part II
Item 1.	Legal Proceedings	30
Item 1A.	Risk Factors	30
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	30
Item 5.	Other Information	30
Item 6.	Exhibits	31

Introduction and Forward Looking Statements

This Form 10-Q and certain information incorporated herein by reference contains forward-looking statements, which are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995. When used in this Form 10-Q, the words “anticipate”, “believe”, “estimate”, “forecast”, “expect”, “intend”, “plan” and “project” and similar expressions, as they relate to us, our management or third parties, identify forward-looking statements. Forward-looking statements include statements regarding our business strategy, financial condition, results of operations, market data as well as any other statements that are not historical facts. These statements reflect beliefs of our management, as well as assumptions made by our management and information currently available to us. Although we believe that these beliefs and assumptions are reasonable, these statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties expressly qualify all subsequent oral and written forward-looking statements attributable to us or persons acting on our behalf and include, in addition to those listed in our Annual Report on Form 10-K for the year ended December 31, 2024 under Part I, Item 1A. Risk Factors and elsewhere in this Form 10-Q, the following:

market demand and semiconductor industry conditions;
our ability to successfully introduce new technologies and products;
the demand for the goods into which our products are incorporated;
global trade disputes, potential increase of barriers to international trade, including the imposition of new or increased tariffs, and resulting disruptions to our established supply chains;
the impact of government actions and regulations, including as a result of executive orders, including restrictions on the export of products and technology;
increasing and evolving cybersecurity threats and privacy risks;
our ability to accurately estimate demand and match our production capacity accordingly or obtain supplies from third-party producers;
our access to production from third-party outsourcing partners, and any events that might affect their business or our relationship with them;
our ability to secure adequate and timely supply of equipment and materials from suppliers;
our ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly;
our ability to form strategic partnerships and joint ventures and successfully cooperate with our strategic alliance partners;
our ability to win competitive bid selection processes;
our ability to develop products for use in our customers’ equipment and products;
our ability to successfully hire and retain key management and senior product engineers;
global hostilities, including the invasion of Ukraine by Russia and resulting regional instability, sanctions and any other retaliatory measures taken against Russia, and the continued hostilities and armed conflict in the Middle East, which could adversely impact the global supply chain, disrupt our operations or negatively impact the demand for our products in our primary end markets;
our ability to maintain good relationships with our suppliers;
our ability to generate sufficient cash, raise sufficient capital or refinance our debt at or before maturity to meet our debt service, research and development and capital investment requirements; and
a change in tax laws could have an effect on our estimated effective tax rates.

We do not assume any obligation to update any forward-looking statements and disclaim any obligation to update our view of any risks or uncertainties described herein or to publicly announce the result of any revisions to the forward-looking statements made in this Form 10-Q, except as required by law.

In addition, this Form 10-Q contains information concerning the semiconductor industry, our end markets and business generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, our end markets and business will develop. We have based these assumptions on information currently available to us, including through the market research and industry reports referred to in this Form 10-Q. If any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While we do not know what impact any such differences may have on our business, if there are such differences, they could have a material adverse effect on our future results of operations and financial condition, and the trading price of our common stock. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise.

The financial information included in this Form 10-Q is based on United States Generally Accepted Accounting Principles (U.S. GAAP), unless otherwise indicated.

In presenting and discussing our financial position, operating results and cash flows, management uses certain non-U.S. GAAP financial measures. These non-U.S. GAAP financial measures should not be viewed in isolation or as alternatives to the equivalent U.S. GAAP measures and should be used in conjunction with the most directly comparable U.S. GAAP measures. A discussion of non-U.S. GAAP measures included in this Form 10-Q and a reconciliation of such measures to the most directly comparable U.S. GAAP measures are set forth under “Use of Certain Non-U.S. GAAP Financial Measures” contained in this Form 10-Q under Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Unless otherwise required, all references herein to “we”, “our”, “us”, “NXP” and the “Company” are to NXP Semiconductors N.V. and its consolidated subsidiaries.

This Form 10-Q includes market data and certain other statistical information and estimates that are based on reports and other publications from industry analysts, market research firms, and other independent sources, as well as management’s own good faith estimates and analyses. NXP believes these third-party reports to be reputable, but has not independently verified the underlying data sources, methodologies or assumptions. The reports and other publications referenced are generally available to the public and were not commissioned by NXP. Information that is based on estimates, forecasts, projections, market research or similar methodologies is inherently subject to uncertainties and actual events or circumstances may differ materially from events and circumstances reflected in this information.

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

($ in millions, unless otherwise stated)


	For the three months ended
		March 30, 2025	March 31, 2024
Revenue		2,835	3,126
Cost of revenue		(1,275)	(1,343)
Gross profit		1,560	1,783
Research and development		(547)	(564)
Selling, general and administrative		(281)	(306)
Amortization of acquisition-related intangible assets		(27)	(51)
Total operating expenses		(855)	(921)
Other income (expense)		18	(6)
Operating income (loss)		723	856
Financial income (expense):

Other financial income (expense)		(92)	(70)
Income (loss) before income taxes		631	786
Benefit (provision) for income taxes		(130)	(141)
Results relating to equity-accounted investees		(4)	(1)
Net income (loss)		497	644
Less: Net income (loss) attributable to non-controlling interests		7	5
Net income (loss) attributable to stockholders		490	639

Earnings per share data:
Net income (loss) per common share attributable to stockholders in $
Basic		1.93	2.49
Diluted		1.92	2.47

Weighted average number of shares of common stock outstanding during the period (in thousands):
Basic		253,709	256,567
Diluted		255,018	258,954

See accompanying notes to the Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

($ in millions, unless otherwise stated)


	For the three months ended
		March 30, 2025	March 31, 2024
Net income (loss)		497	644
Other comprehensive income (loss), net of tax:
Change in fair value cash flow hedges		3	(8)
Change in foreign currency translation adjustment		43	(38)


Total other comprehensive income (loss)		46	(46)
Total comprehensive income (loss)		543	598
Less: Comprehensive income (loss) attributable to non-controlling interests		7	5
Total comprehensive income (loss) attributable to stockholders		536	593

See accompanying notes to the Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

($ in millions, unless otherwise stated)


		March 30, 2025	December 31, 2024
ASSETS
Current assets:
	Cash and cash equivalents	3,988	3,292

	Accounts receivable, net	1,060	1,032

	Inventories, net	2,350	2,356
	Other current assets	627	625
Total current assets		8,025	7,305
Non-current assets:
	Deferred tax assets	1,284	1,251
	Other non-current assets	1,942	1,796
	Property, plant and equipment, net of accumulated depreciation of $6,269 and $6,145	3,210	3,267
	Identified intangible assets, net of accumulated amortization of $952 and $1,037	777	836
	Goodwill	9,942	9,930
	Total non-current assets	17,155	17,080
Total assets		25,180	24,385

LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable	863	1,017

	Restructuring liabilities-current	75	147
	Other current liabilities	1,412	1,434
	Short-term debt	1,499	500
Total current liabilities		3,849	3,098
Non-current liabilities:
	Long-term debt	10,226	10,354
	Restructuring liabilities	4	10
	Other non-current liabilities	1,424	1,392
Total non-current liabilities		11,654	11,756
**Total liabili

Showing the first 8K of 68K characters. Open the full section

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Management’s Discussion and Analysis (MD&A) should be read in conjunction with our Consolidated Financial Statements and Notes and the MD&A in our Annual Report on Form 10-K for the year ended December 31, 2024*, and the Financial Statements and the related Notes that appear elsewhere in this document.*

Overview

Quarter in Focus

Revenue was $2.8 billion, down 9.3% year-on-year;
GAAP gross margin was 55.0%, and GAAP operating margin was 25.5%;
Non-GAAP gross margin was 56.1%, and non-GAAP operating margin was 31.9%;
Cash flow from operations was $565 million, with net capital expenditures on property, plant and equipment of $138 million, resulting in non-GAAP free cash flow of $427 million;
During the first quarter of 2025, NXP returned capital to shareholders with the payment of $258 million in cash dividends and the repurchase of $303 million of its common shares, for a total capital return of $561 million.

On January 7, 2025, NXP entered into a definitive agreement to acquire TTTech Auto for $625 million in cash. Subject to customary closing conditions, including regulatory approvals, the transaction is expected to close in the second half of 2025 with a possibility for an accelerated closing timeline.

On February 10, 2025, NXP entered into a definitive agreement to acquire Kinara, Inc. for $307 million in cash. Subject to customary closing conditions, including regulatory approvals, the transaction is expected to close in the first half of 2025.

1648

1650 1651 1652

Sequential Results

Q1 2025 compared to Q4 2024

Revenue for the three months ended March 30, 2025 was $2,835 million compared to $3,111 million for the three months ended December 31, 2024, a decrease of $276 million or 8.9% quarter-on-quarter, in line with management's expectations. Within our end markets, the Automotive end market decreased $116 million or 6.5%, the Communication Infrastructure & Other end market decreased $94 million or 23.0%, the Mobile end market decreased $58 million or 14.6%, and the Industrial & IoT end market decreased $8 million or 1.6%.

When aggregating all end markets together and reviewing sales channel performance, revenues through NXP's third party distribution partners was $1,524 million, a decrease of $239 million or 13.6% compared to the previous period. Revenues through NXP's third party direct OEM and EMS customers was $1,284 million, a decrease of $37 million or 2.8% versus the previous period.

From a geographic perspective, revenue increased quarter-on-quarter in the EMEA region by 10.7% and in the Americas region by 2.2%, while revenue decreased in the China region by 16.7% and in the Asia Pacific region by 15.8%.

Our gross profit percentage for the three months ended March 30, 2025 of 55.0% increased compared with 53.9% for the three months ended December 31, 2024.

Operating income for the three months ended March 30, 2025 was $723 million compared to $675 million for the three months ended December 31, 2024, an increase of $48 million or 7.1%. Lower restructuring cost was the main driver for the sequential increase.

Results of operations

The following table presents operating results for each of the three-month periods ended March 30, 2025 and March 31, 2024, respectively:


($ in millions, unless otherwise stated)	Q1 2025		% of Revenue		Q1 2024		% of Revenue

Revenue	2,835				3,126
% nominal growth	(9.3)				0.2
Gross profit	1,560				1,783
Gross margin	55.0	%			57.0	%
Research and development	(547)		19.3	%	(564)		18.0	%
Selling, general and administrative	(281)		9.9	%	(306)		9.8	%
Amortization of acquisition-related intangible assets	(27)		1.0	%	(51)		1.6	%
Other income (expense)	18		0.6	%	(6)		0.2	%
Operating income (loss)	723		25.5	%	856		27.4	%
Financial income (expense)	(92)		3.2	%	(70)		2.2	%
Benefit (provision) for income taxes	(130)		4.6	%	(141)		4.5	%
Results relating to equity-accounted investees	(4)		0.1	%	(1)		—	%
Net income (loss)	497		17.5	%	644		20.6	%
Less: Net income (loss) attributable to non-controlling interests	7		0.2	%	5		0.2	%
Net income (loss) attributable to stockholders	490		17.3	%	639		20.4	%

Diluted earnings per share	1.92				2.47

Revenue

Q1 2025 Overview

3358 3359 3360

Q1 2025 compared to Q1 2024

Revenue for the three months ended March 30, 2025 was $2,835 million compared to $3,126 million for the three months ended March 31, 2024, a decrease of $291 million or 9.3%, in line with management’s expectations.

Revenue by end market was as follows:


($ in millions, unless otherwise stated)	Q1 2025	Q1 2024	% change
Automotive	1,674	1,804	(7.2)	%
Industrial & IoT	508	574	(11.5)	%
Mobile	338	349	(3.2)	%
Communication Infrastructure & Other	315	399	(21.1)	%
Total Revenue	2,835	3,126	(9.3)	%

Revenue by sales channel was as follows:


($ in millions, unless otherwise stated)	Q1 2025	Q1 2024	% change
Distributors	1,524	1,739	(12.4)	%
OEM/EMS	1,284	1,355	(5.2)	%
Other	27	32	(15.6)	%
Total Revenue	2,835	3,126	(9.3)	%

Revenue by geographic region, which is based on the customer’s shipped-to location was as follows:


($ in millions, unless otherwise stated)	Q1 2025	Q1 2024	% change
China 1)	1,034	1,014	2.0	%
APAC, excluding China	748	910	(17.8)	%
EMEA (Europe, the Middle East and Africa)	643	743	(13.5)	%
Americas	410	459	(10.7)	%
Total Revenue	2,835	3,126	(9.3)	%
1) China includes Mainland China and Hong Kong

Q1 2025 compared to Q1 2024

From an end market perspective, NXP experienced declines across all end markets versus the year ago period.

Revenue in the Automotive end market was $1,674 million, a decrease of $130 million or 7.2% versus the year ago period. The decrease in the Automotive end market revenue was attributable to declines in our automotive processors and advanced analog portfolio, which were offset by growth in our ADAS – Safety products.

Revenue in the Industrial & IoT end market was $508 million, a decrease of $66 million or 11.5% versus the year-ago period. The decrease in the Industrial & IoT end market revenue was attributable to declines in our processors and connectivity products.

Revenue in the Mobile end market was $338 million, a decrease of $11 million or 3.2% versus the year ago period. The decrease in the Mobile end market revenue was attributable to declines in our advanced analog products, which were offset by growth in our mobile wallet processors.

Revenue in the Communication Infrastructure & Other end market was $315 million, a decrease of $84 million or 21.1% versus the year ago period. The decrease in the Communication Infrastructure & Other end market revenue was attributable to declines in our processors and secure cards, which were offset by growth in our RF power products.

When aggregating all end markets together and reviewing sales channel performance, revenues through NXP’s third party distribution partners was $1,524 million, a decrease of 12.4% versus the year-ago period. Revenues through direct OEM and EMS customers was $1,284 million, a decrease of 5.2% versus the year ago period.

From a geographic perspective, revenue increased year-on-year in the China region by 2.0%, while revenue decreased in the Asia Pacific region by 17.8%, in the EMEA region by 13.5%, and in the Americas region by 10.7%.

Gross profit

Q1 2025 compared to Q1 2024

Gross profit for the three months ended March 30, 2025 was $1,560 million, or 55.0% of revenue, compared to $1,783 million, or 57.0% of revenue for the three months ended March 31, 2024, related to lower sales with an unfavorable product mix.

Operating expenses

Q1 2025 compared to Q1 2024

Operating expenses for the three months ended March 30, 2025 totaled $855 million, or 30.2% of revenue, compared to $921 million, or 29.5% of revenue for the three months ended March 31, 2024.

Research and development


($ in millions, unless otherwise stated)	Q1 2025		Q1 2024		% change
Research and development	547		564		(3.0)	%
As a percentage of revenue	19.3	%	18.0	%	1.3	ppt

Q1 2025 compared to Q1 2024

R&D costs for the three months ended March 30, 2025 decreased by $17 million, or 3.0%, when compared to the three months ended March 31, 2024, driven by lower personnel related costs.

Selling, general and administrative


($ in millions, unless otherwise stated)	Q1 2025		Q1 2024		% change
Selling, general and administrative	281		306		(8.2)	%
As a percentage of revenue	9.9	%	9.8	%	0.1	ppt

Q1 2025 compared to Q1 2024

SG&A costs for the three months ended March 30, 2025 decreased by $25 million, or 8.2%, when compared to the three months ended March 31, 2024 due to lower legal expenses.

Amortization of acquisition-related intangible assets


($ in millions, unless otherwise stated)	Q1 2025		Q1 2024		% change
Amortization of acquisition-related intangible assets	27		51		(47.1)	%
As a percentage of revenue	1.0	%	1.6	%	(0.6)	ppt

Q1 2025 compared to Q1 2024

Amortization of acquisition-related intangible assets for the three months ended March 30, 2025 decreased by $24 million, or 47.1%, when compared to the three months ended March 31, 2024 primarily due to the effect of certain acquisition-related intangibles becoming fully amortized.

Financial income (expense)

The following table presents the details of financial income and expenses:


($ in millions, unless otherwise stated)	Q1 2025	Q1 2024
Interest income	35	50
Interest expense	(106)	(105)
Total other financial income/ (expense)	(21)	(15)
Total	(92)	(70)

Q1 2025 compared to Q1 2024

Financial income (expense) was an expense of $92 million for the three months ended March 30, 2025, compared to an expense of $70 million for the three months ended March 31, 2024. Interest income decreased $15 million as a result of lower cash levels during the current quarter as well as lower interest rates, whereas interest expense remained flat. Within Other financial income/ (expense), fair value adjustments in equity securities resulted in a loss of $6 million for the three months ended March 30, 2025, versus a loss of $2 million for the three months ended March 31, 2024.

Benefit (provision) for income taxes

Our provision for income taxes for 2025 is based on our EAETR of (18.8)%, which is lower than the Netherlands statutory tax rate of 25.8%, primarily due to tax benefits from the Netherlands and foreign tax incentives.


	Q1 2025		Q1 2024
Tax benefit (provision) calculated at EAETR	(119)		(139)
Discrete tax benefit (provision) items	(11)		(2)
Benefit (provision) for income taxes	(130)		(141)

Effective tax rate	20.6	%	17.9	%

Q1 2025 compared to Q1 2024

The effective tax rate of 20.6% for the first quarter of 2025 was higher than the EAETR due to the income tax expense for discrete items of $11 million. The discrete items are primarily related to the impact of foreign currency on income tax related items, and changes in estimates for previous years.

Results Relating to Equity-accounted Investees

Q1 2025 compared to Q1 2024

Results relating to equity-accounted investees amounted to a loss of $4 million for the three months ended March 30, 2025, whereas the three months ended March 31, 2024 results relating to equity-accounted investees amounted to a loss of $1 million.

Non-controlling Interests

Q1 2025 compared to Q1 2024

Non-controlling interests are related to the third-party share in the results of consolidated companies, predominantly SSMC. Their share of non-controlling interests amounted to a profit of $7 million for the three months ended March 30, 2025, compared to a profit of $5 million for the three months ended March 31, 2024.

Liquidity and Capital Resources

We derive our liquidity and capital resources primarily from our cash flows from operations. We continue to generate strong positive operating cash flows. At the end of the first quarter of 2025, our cash balance was $3,988 million, an increase of $696 million compared to December 31, 2024. Taking into account the available amount of the Unsecured Revolving Credit Facility of $2,500 million, we had access to $6,488 million of liquidity as of March 30, 2025. We currently use cash to fund operations, meet working capital requirements, for capital expenditures and for potential common stock repurchases, dividends and strategic investments. Based on past performance and current expectations, we believe that our current available sources of funds (including cash and cash equivalents, RCF Agreement of $2.5 billion, plus anticipated cash generated from operations) will be adequate to finance our operations, working capital requirements, capital expenditures and potential dividends for at least the next twelve months.


($ in millions, unless otherwise stated)	YTD 2025	YTD 2024
Cash from operations	565	851
Capital expenditures	139	226
Cash to shareholders	561	564

Cash

At March 30, 2025, our cash balance was $3,988 million of which $275 million was held by SSMC, our consolidated joint venture company with TSMC. Under the terms of our joint venture agreement with TSMC, a portion of this cash can be distributed by way of a dividend to us, but 38.8% of the dividend will be paid to our joint venture partner.

Capital expenditures

Our cash outflows for capital expenditures were $139 million in the first three months of 2025, compared to $226 million in the first three months of 2024.

Capital return

Under our Quarterly Dividend Program, interim dividends of $1.014 per ordinary share were paid on January 8, 2025 ($258 million) and dividends of $1.014 per ordinary share were paid on April 9, 2025 ($257 million).

In the first three months of 2025 we repurchased approximately $303 million of shares.

Debt

Our total debt, inclusive of aggregate principal, unamortized discounts, premiums, debt issuance costs and fair value adjustments, amounted to $11,725 million as of March 30, 2025, an increase of $871 million compared to December 31, 2024 ($10,854 million).

As of March 30, 2025, we had outstanding fixed-rate notes with varying maturities for an aggregate principal amount of $10,250 million (collectively the “Notes”), of which $1 billion is payable within 12 months. Future interest payments associated with the Notes total $2,652 million, with $371 million payable within 12 months.

As of March 30, 2025, the Company had outstanding loans with the European Investment Bank (EIB) for an aggregated principal amount of $1,040 million. Future interest payments associated with the EIB loans total $276 million, with $47 million payable within 12 months.

As of March 30, 2025, we had $500 million commercial paper notes outstanding with a duration less than 12 months.

Our net debt position (see section Use of Certain Non-GAAP Financial Measures) at March 30, 2025 amounted to $7,737 million, compared to $7,562 million as of December 31, 2024.

Additional Capital Requirements

Expected working and other capital requirements are described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 in Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. At March 30, 2025, other than for changes disclosed in the “Notes to Condensed Consolidated Financial Statements” and “Liquidity and Capital Resources” in this Quarterly Report, there have been no other material changes to our expected working and other capital requirements described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

Cash flows

Our cash and cash equivalents during the first three months of 2025 decreased by $694 million (excluding the effect of changes in exchange rates on our cash position of two million) as follows:


($ in millions, unless otherwise stated)	YTD 2025	YTD 2024
Net cash provided by (used for) operating activities	565	851
Net cash (used for) provided by investing activities	(216)	(274)
Net cash provided by (used for) financing activities	345	(1,528)
Increase (decrease) in cash and cash equivalents	694	(951)

Cash Flow from Operating Activities

For the first three months of 2025 our operating activities provided $565 million in cash. This was primarily the result of net income of $497 million, adjustments to reconcile the net income of $299 million and changes in operating assets and liabilities of $(239) million. Adjustments to net income (loss) include non-cash items, such as depreciation and amortization of $209 million, share-based compensation of $127 million and changes in deferred taxes of $(27) million. Changes in operating assets and liabilities were primarily driven by a $110 million decrease in accounts payable and other liabilities as a result of lower purchase volumes and timing related to payments, $29 million increase in receivables and other current assets due to customer mix, and the related timing of cash collection and $106 million increase in other non-current assets due to payments to secure production supply with multiple vendors (driven primarily by payments of $125 million to support the long-term capacity infrastructure of VSMC).

For the first three months of 2024 our operating activities provided $851 million in cash. This was primarily the result of net income of $644 million, adjustments to reconcile the net income of $290 million and changes in operating assets and liabilities of $(89) million. Adjustments to net income (loss) includes non-cash items, such as depreciation and amortization of $235 million, share-based compensation of $115 million and changes in deferred taxes of $(64) million. Changes in operating assets and liabilities were primarily driven by a $102 million decrease in accounts payable and other liabilities as a result of lower purchase volumes and timing related to payments, $25 million increase in receivables and other current assets from prepayments to secure production supply with multiple vendors; partially offset by a $32 million decrease in inventories as a result of inventory control efforts.

Cash Flow from Investing Activities

Net cash used for investing activities amounted to $216 million for the first three months of 2025 and principally consisted of the cash outflows for capital expenditures of $139 million, $53 million for the purchase of investments (driven primarily by the capital contributions of approximately $20 million into VSMC and approximately $16 million into ESMC) and $25 million for the purchase of identified intangible assets, including EDA (electronic design automation).

Net cash used for investing activities amounted to $274 million for the first three months of 2024 and principally consisted of the cash outflows for capital expenditures of $226 million, $34 million for the purchase of investments (driven primarily by the initial capital contribution of approximately $22 million into ESMC), and $32 million for the purchase of identified intangible assets, including EDA (electronic design automation).

Cash Flow from Financing Activities

Net cash proceeds from financing activities of $345 million for the first three months of 2025 was primarily driven by the proceeds from the issuance of commercial paper notes of $646 million, proceeds from issuance of long-term debt of $370 million, and the proceeds from the issuance of common stock through stock plans of $37 million, partially offset by the repayment of commercial paper notes of $146 million, dividend payments to common stockholders of $258 million and purchase of treasury shares and restricted stock unit holdings of $303 million.

Net cash used for financing activities of $1,528 million for the first three months of 2024 was primarily driven by the payment of $1 billion to retire at maturity our outstanding 4.875% senior unsecured notes due March 2024, dividend payment to common stockholders of $261 million, and purchase of treasury shares and restricted stock unit holdings of $303 million; partially offset by the proceeds from the issuance of common stock through stock plans of $37 million.

Information Regarding Guarantors of NXP (unaudited)

Summarized Combined Financial Information for Guarantee of Securities of Subsidiaries

All debt instruments are guaranteed, fully and unconditionally, jointly and severally, by NXP Semiconductors N.V. and issued or guaranteed by NXP USA, Inc., NXP B.V. and NXP LLC, (together, the “Subsidiary Obligors” and together with NXP Semiconductors N.V., the “Obligor Group”). Other than the Subsidiary Obligors, none of the Company’s subsidiaries (together the “Non-Guarantor Subsidiaries”) guarantee the Notes. The Company consolidates the Subsidiary Obligors in its Consolidated Financial Statements and each of the Subsidiary Obligors are wholly owned subsidiaries of the Company.

All of the existing guarantees by the Company rank equally in right of payment with all of the existing and future senior indebtedness of the Obligor Group. There are no significant restrictions on the ability of the Obligor Group to obtain funds from respective subsidiaries by dividend or loan.

The following tables present summarized financial information of the Obligor Group on a combined basis, with intercompany balances and transactions between entities of the Obligor Group eliminated and investments and equity in the earnings of the Non-Guarantor Subsidiaries excluded. The Obligor Group’s amounts due from, amounts due to, and intercompany transactions with Non-Guarantor Subsidiaries have been disclosed below the table, when material.

Summarized Statements of Income


			For the three months ended
($ in millions)			March 30, 2025

Revenue			1,596
Gross Profit			760
Operating income			160
Net income			(30)

Summarized Balance Sheets


	As of
($ in millions)	March 30, 2025	December 31, 2024

Current assets	3,989	3,273
Non-current assets	12,182	12,191
Total assets	16,171	15,464

Current liabilities	2,218	1,244
Non-current liabilities	10,869	10,967
Total liabilities	13,087	12,211

Obligor's Group equity	3,084	3,253
Total liabilities and Obligor's Group equity	16,171	15,464

NXP Semiconductors N.V. is the head of a fiscal unity for the corporate income tax and VAT that contains the most significant Dutch wholly-owned group companies. The Company is therefore jointly and severally liable for the tax liabilities of the tax entity as a whole, and as such the income tax expense of the Dutch fiscal unity has been included in the Net income of the Obligor Group.

The financial information of the Obligor Group includes sales executed through a Non-Guarantor Subsidiary single-billing entity as a sales agent on behalf of an entity in the Obligor Group. The Obligor Group has sales to non-guarantors (for the three months ended March 30, 2025: $167 million). The Obligor Group has amounts due from equity financing (March 30, 2025: $7,236 million; December 31, 2024: $5,749 million) and due to debt financing (March 30, 2025: $2,671 million; December 31, 2024: $2,283 million) with non-guarantor subsidiaries.

Use of Certain Non-GAAP Financial Measures

Non-GAAP Financial Measures

In addition to providing financial information on a basis consistent with U.S. generally accepted accounting principles (“US GAAP” or “GAAP”), NXP also provides selected financial measures on a non-GAAP basis which are adjusted for specified items. The adjustments made to achieve these non-GAAP financial measures or the non-GAAP financial measures as specified are described below, including the usefulness to management and investors.

In managing NXP’s business on a consolidated basis, management develops an annual operating plan, which is approved by our Board of Directors, using non-GAAP financial measures. In measuring performance against this plan, management considers the actual or potential impacts on these non-GAAP financial measures from actions taken to reduce costs with the goal of increasing our gross margin and operating margin and when assessing appropriate levels of research and development efforts. In addition, management relies upon these non-GAAP financial measures when making decisions about product spending, administrative budgets, and other operating expenses. We believe that these non-GAAP financial measures, when coupled with the GAAP results and the reconciliations to corresponding GAAP financial measures, provide a more complete understanding of the Company’s results of operations and the factors and trends affecting NXP’s business. We believe that they enable investors to perform additional comparisons of our operating results, to assess our liquidity and capital position and to analyze financial performance excluding the effect of expenses unrelated to core operating performance, certain non-cash expenses and share-based compensation expense, which may obscure trends in NXP’s underlying performance. This information also enables investors to compare financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management.

The presentation of these and other similar items in NXP’s non-GAAP financial results should not be interpreted as implying that these items are non-recurring, infrequent, or unusual. These non-GAAP financial measures are provided in addition to, and not as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.


Non-GAAP Adjustment or Measure	Definition	Usefulness to Management and Investors
Purchase price accounting effects	Purchase price accounting ("PPA") effects reflect the fair value adjustments impacting acquisition accounting and other acquisition adjustments charged to the Consolidated Statement of Operations. This typically relates to inventory, property, plant and equipment, as well as intangible assets, such as developed technology and marketing and customer relationships acquired. The PPA effects are recorded within both cost of revenue and operating expenses in our US GAAP financial statements. These charges are recorded over the estimated useful life of the related acquired asset, and thus are generally recorded over multiple years.	We believe that excluding these charges related to fair value adjustments for purposes of calculating certain non-GAAP measures allows the users of our financial statements to better understand the historic and current cost of our products, our gross margin, our operating costs, our operating margin, and also facilitates comparisons to peer companies.
Restructuring	Restructuring charges are costs associated with a restructuring plan and are primarily related to employee severance and benefit arrangements. Charges related to restructuring are recorded within both cost of revenue and operating expenses in our US GAAP financial statements	We exclude restructuring charges, including any adjustments to charges recorded in prior periods, for purposes of calculating certain non-GAAP measures because these costs do not reflect our core operating performance. These adjustments facilitate a useful evaluation of our core operating performance and comparisons to past operating results and provide investors with additional means to evaluate expense trends.
Share-based compensation	Share-based compensation consists of incentive expense granted to eligible employees in the form of equity based instruments. Charges related to share-based compensation are recorded within both cost of revenue and operating expenses in our US GAAP financial statements.	We exclude charges related to share-based compensation for purposes of calculating certain non-GAAP measures because we believe these charges, which are non-cash, are not representative of our core operating performance as they can fluctuate from period to period based on factors that are not within our control, such as our stock price on the dates share-based grants are issued. We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model, how management currently evaluates core operational performance, and additional means to evaluate expense trends.
Other incidentals	Other incidentals consist of certain items which may be non-recurring, unusual, infrequent or directly related to an event that is distinct and non-reflective of the Company’s core operating performance. These may include such items as process and product transfer costs, certain charges related to acquisitions and divestitures, litigation and legal settlements, costs associated with the exit of a product line, factory or facility, environmental or governmental settlements, and other items of similar nature.	We exclude these certain items which may be non-recurring, unusual, infrequent or directly related to an event that is distinct and non-reflective of the Company’s core operating performance for purposes of calculating certain non-GAAP measures. These adjustments facilitate a useful evaluation of our core operating performance and comparisons to past operating results and provide investors with additional means to evaluate expense trends.


Non-GAAP Adjustment or Measure	Definition	Usefulness to Management and Investors
Non-GAAP Provision for income taxes	Non-GAAP provision for income taxes is NXP's GAAP provision for income taxes adjusted for the income tax effects of the adjustments to our GAAP measure, including the effects of purchase price accounting (“PPA”), restructuring costs, share-based compensation, other incidental items and certain other adjustments to financial income (expense) items. Additionally, adjustments are made for the income tax effect of any discrete items that occur in the interim period. Discrete items primarily relate to unexpected tax events that may occur as these amounts cannot be forecasted (e.g., the impact of changes in tax law and/or rates, changes in estimates or resolved tax audits relating to prior year tax provisions, the excess or deficit tax effects on share-based compensation, etc.).	The non-GAAP provision for income taxes is used to ascertain and present on a comparable basis NXP's provision for income tax after adjustments, the usefulness of which is described within this table. Additionally, the income tax effects of the adjustments to achieve the noted non-GAAP measures are used to determine NXP's non-GAAP net income (loss) attributable to stockholders and accordingly, our diluted non-GAAP earnings per share attributable to stockholders.
Free Cash Flow	Free Cash Flow represents operating cash flow adjusted for net additions to property, plant and equipment.	We believe that free cash flow provides insight into our cash-generating capability and our financial performance, and is an efficient means by which users of our financial statements can evaluate our cash flow after meeting our capital expenditure.
Net debt	Net debt represents total debt (short-term and long-term) after deduction of cash and cash equivalents and short-term deposits.	We believe this measure provides investors with useful supplemental information about the financial performance of our business, enables comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect of calculating our net leverage.

The following are reconciliations of our most comparable US GAAP measures to our non-GAAP measures presented:


($ in millions)	For the three months ended
	March 30, 2025			December 31, 2024			March 31, 2024
GAAP gross profit	$	1,560		$	1,678		$	1,783
PPA effects	(8)			(11)			(12)
Restructuring	(4)			(21)			(3)
Share-based compensation	(16)			(15)			(15)
Other incidentals	(3)			(64)			(5)
Non-GAAP gross profit	$	1,591		$	1,789		$	1,818
GAAP Gross Margin	55.0		%	53.9		%	57.0		%
Non-GAAP Gross Margin	56.1		%	57.5		%	58.2		%
GAAP research and development	$	(547)		$	(612)		$	(564)
Restructuring	(7)			(50)			(3)
Share-based compensation	(64)			(60)			(58)
Other incidentals	(1)			(5)			(1)
Non-GAAP research and development	$	(475)		$	(497)		$	(502)
GAAP selling, general and administrative	$	(281)		$	(323)		$	(306)

Restructuring	(3)			(41)			(1)
Share-based compensation	(47)			(42)			(42)
Other incidentals	(20)			(12)			(29)
Non-GAAP selling, general and administrative	$	(211)		$	(228)		$	(234)
GAAP operating income (loss)	$	723		$	675		$	856


($ in millions)	For the three months ended
	March 30, 2025			December 31, 2024			March 31, 2024
GAAP operating income (loss)	$	723		$	675		$	856
PPA effects	(40)			(39)			(63)
Restructuring	(14)			(112)			(7)
Share-based compensation	(127)			(117)			(115)
Other incidentals	—			(122)			(39)
Non-GAAP operating income (loss)	$	904		$	1,065		$	1,080
GAAP Operating Margin	25.5		%	21.7		%	27.4		%
Non-GAAP Operating Margin	31.9		%	34.2		%	34.5		%
GAAP Income tax benefit (provision)	$	(130)		$	(77)		$	(141)
Income tax effect	13			87			30
Non-GAAP Income tax benefit (provision)	$	(143)		$	(164)		$	(171)


($ in millions)	For the three months ended
	March 30, 2025		December 31, 2024		March 31, 2024
Net cash provided by (used for) operating activities	$	565	$	391	$	851
Net capital expenditures on property, plant and equipment	(138)		(99)		(224)
Non-GAAP free cash flow	$	427	$	292	$	627


($ in millions)	For the three months ended
	March 30, 2025		December 31, 2024		March 31, 2024
Long-term debt	$	10,226	$	10,354	$	10,178
Short-term debt	1,499		500		—
Total debt	11,725		10,854		10,178
Less: cash and cash equivalents	(3,988)		(3,292)		(2,908)
Less: short-term deposits	—		—		(400)
Net debt	$	7,737	$	7,562	$	6,870

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There have been no material changes to the Company’s market risk during the first three months of 2025. For a discussion of the Company’s exposure to market risk, refer to the Company’s market risk disclosures set forth in Part II, Item 7A, “Quantitative and Qualitative Disclosures About Market Risk” in our Annual Report on Form 10-K for the year ended December 31, 2024.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of the Chief Executive Officer and Chief Financial Officer (Certifying Officers), evaluated the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended) on March 30, 2025. Based on that evaluation, the Certifying Officers concluded the Company's disclosure controls and procedures were effective as of March 30, 2025.

Changes in Internal Control Over Financial Reporting

There were no changes in the Company's internal control over financial reporting during the three-month period ended March 30, 2025, which were identified in connection with management's evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the Exchange Act that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

Not applicable.

Item 1A. Risk Factors

There have been no material changes from the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Our Board has approved the purchase of shares from participants in NXP's equity programs to satisfy participants' tax withholding obligations and this authorization will remain in effect until terminated by the Board. In January 2022, the Board approved the repurchase of shares up to a maximum of $2 billion (the "2022 Share Repurchase Program"). In August 2024, the Board approved the repurchase of shares up to a maximum of $2 billion (the "2024 Share Repurchase Program") in addition to the 2022 Share Repurchase Program. At March 30, 2025, there was approximately $36 million remaining under the 2022 Share Repurchase Program and another $2 billion under the 2024 Share Repurchase Program.

The following share repurchase activity occurred under these programs during the three months ended March 30, 2025:


Period	Total Number of Shares Purchased	Average Price Paid per Share	Number of Shares Purchased as Part of Publicly Announced Buy Back Programs	Maximum Number of Shares That May Yet Be Purchased Under the Buy Back Program	Number of Shares Purchased as Trade for Tax (1)
January 1, 2025 – February 2, 2025	484,186	$212.26	477,700	10,716,860	6,486
February 3, 2025 – March 2, 2025	466,321	$221.42	460,878	9,893,293	5,443
March 3, 2025 – March 30, 2025	462,866	$208.83	462,171	10,718,353	695
Total	1,413,373		1,400,749		12,624

(1) Reflects shares surrendered by participants to satisfy tax withholding obligations in connection with the Company's equity programs.

Item 5. Other Information

Rule 10b5-1 Trading Plans

Not applicable.

Item 6. Exhibits


Exhibit Number						Exhibit Description
3.1						Articles of Association of NXP Semiconductors N.V. dated June 9, 2020 (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q of NXP Semiconductors N.V., filed on July 28, 2020)
10.1						€360.0 million Facility B Agreement, dated as of January 13, 2025, between NXP B.V. and the European Investment Bank (incorporated by reference to Exhibit 10.1 to the Company's current report on Form 8-K of NXP Semiconductors N.V., filed on January 13, 2025)
10.2						Management Agreement dated April 28, 2025, between the Company and Rafael Sotomayor (incorporated by reference to Exhibit 10.1 to the Company’s current report on Form 8-K of NXP Semiconductors N.V., filed on April 28. 2025)
10.3						Employment Agreement dated April 28, 2025 between NXP USA, Inc. and Rafael Sotomayor (incorporated by reference to Exhibit 10.2 to the Company’s current report on Form 8-K of NXP Semiconductors N.V., filed on April 28. 2025)
10.4						Retirement Agreement dated April 28, 2025 between (incorporated by reference to Exhibit 10.2 to the Company’s current report on Form 8-K of NXP Semiconductors N.V., filed on April 28. 2025)
31.1*						Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer
31.2*						Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer
32.1*						Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer
101						The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 30, 2025, formatted in iXBRL (Inline eXtensible Business Reporting Language): (i) Condensed Consolidated Statements of Operations for the three months ended March 30, 2025 and March 31, 2024; (ii) Condensed Consolidated Statements of Comprehensive Income for the three months ended March 30, 2025 and March 31, 2024; (iii) Condensed Consolidated Balance Sheets as of March 30, 2025 and December 31, 2024; (iv) Condensed Consolidated Statements of Cash Flows for the three months ended March 30, 2025 and March 31, 2024; (v) Condensed Consolidated Statements of Changes in Equity for the three months ended March 30, 2025 and March 31, 2024; and (vi) Notes to the Unaudited Condensed Consolidated Financial Statements.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).


*			Filed or furnished herewith.
+			Indicates management contract or compensatory plan or arrangement.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 29, 2025


NXP Semiconductors N.V.

			/s/ William J. Betz
Name: William J. Betz, CFO

Exhibit 31.1

CERTIFICATION

I, Kurt Sievers, certify that:

1.I have reviewed this quarterly report on Form 10-Q of NXP Semiconductors N.V.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5.The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: April 29, 2025


By:						/s/ Kurt Sievers
						Kurt Sievers
						President & Chief Executive Officer

Exhibit 31.2

CERTIFICATION

I, William J. Betz, certify that:

1.I have reviewed this quarterly report on Form 10-Q of NXP Semiconductors N.V.;

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: April 29, 2025


By:						/s/ William J. Betz
						William J. Betz
						Chief Financial Officer

Exhibit 32.1

CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Kurt Sievers, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of NXP Semiconductors N.V. on Form 10-Q for the period ended March 30, 2025 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of NXP Semiconductors N.V. at the dates and for the periods indicated.

Date: April 29, 2025


By:						/s/ Kurt Sievers
						Kurt Sievers
						President & Chief Executive Officer

I, William J. Betz, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of NXP Semiconductors N.V. on Form 10-Q for the period ended March 30, 2025 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of NXP Semiconductors N.V. at the dates and for the periods indicated.

Date: April 29, 2025


By:						/s/ William J. Betz
						William J. Betz
						Chief Financial Officer