NXP Semiconductors Q3 2025 Financial Results and CEO Transition

NXP Semiconductors N.V. reported its financial results for the third quarter of 2025, with revenue of $3.17 billion, a 2% year-on-year decline. The company also announced the retirement of CEO Kurt Sievers, effective October 28, 2025, and the appointment of Rafael Sotomayor as the new President and CEO. Sotomayor will receive a gross annual base salary of $1,050,000, with a target annual incentive of 170% of his base salary. Additionally, he will be awarded long-term incentive equity awards valued at $10.5 million. The company highlighted its focus on disciplined investment and portfolio enhancement to drive profitable growth. Key financial metrics included a GAAP gross margin of 56.3%, GAAP operating margin of 28.1%, and GAAP diluted net income per share of $2.48. Non-GAAP metrics showed a gross margin of 57.0%, operating margin of 33.8%, and diluted net income per share of $3.11. The company also reported $509 million in non-GAAP free cash flow for the quarter.