NXP Semiconductors Reports Fourth Quarter and Full-Year 2024 Results
1. NXP's 2024 revenue fell 5%, totaling $12.61 billion. 2. Fourth quarter revenue was $3.11 billion, 9% lower year-on-year. 3. Guidance for Q1 2025 suggests continued revenue declines of 6-13%. 4. Despite challenges, the company reported healthy free cash flow generation. 5. NXP is strategically managing operations amidst a soft demand environment.