NXP Semiconductors N.V.
For the period ended Sep 27, 2026. Filed Oct 27, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2026 · Filed Oct 27, 2026
NXPI$248.29+1.6%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-28; filed 2026-07-28.
0001413447-26-000045
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-09-27; filed 2026-10-27.
0001413447-26-000059
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 153 previous paragraphs and 151 current paragraphs.
56 unchanged; 69 reworded; 24 added; 26 removed; 2 previous and 2 current paragraphs rearranged.
Tables are not compared: 19 previous and 19 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (24)
Current report
•Revenue was $3,786 million, up 19.3% year-on-year;
Current report
Operating income for the three months ended September 27, 2026, was $1,228 million compared to $1,071 million for the three months ended June 28, 2026, an increase of $157 million or 14.7%. The sequential increase was mainly driven by higher revenue.
Current report
Revenue for the nine months ended September 27, 2026, was $10,463 million compared to $8,934 million for the nine months ended September 28, 2025, an increase of $1,529 million or 17.1%.
Current report
From an end market perspective, NXP experienced growth in its Automotive, Industrial & IoT, and Communication Infrastructure & Other end markets, which was offset by a decline in the Mobile end market versus the year-ago quarter.
Current report
Revenue in the Automotive end market was $2,070 million, an increase of $233 million or 12.7% versus the year-ago quarter. The increase was predominantly due to growth in processors and mixed-signal products.
Current report
Revenue in the Communication Infrastructure & Other end market was $503 million, an increase of $176 million or 53.8% versus the year-ago quarter. The increase was predominantly due to growth in processors.
Current report
Revenue in the Automotive end market was $5,790 million, an increase of $550 million or 10.5% versus the year-ago period. The increase was predominantly due to growth in processors and mixed-signal products.
Current report
Operating expenses for thenine months ended September 27, 2026, totaled $2,788 million, or 26.6% of revenue, compared to $2,623 million, or 29.4% of revenue for the nine months ended September 28, 2025.
Current report
Increased variable compensation expenses due to improved company performance ($39 million)
Current report
Increased variable compensation expenses due to improved company performance ($105 million)
Current report
A net increase in personnel-related costs primarily associated with our completed acquisitions, partially offset by related cost-reduction initiatives and the sale of our MEMS Sensors business ($6 million)
Current report
Increased variable compensation expenses due to improved company performance ($28 million)
Current report
Increased variable compensation expenses due to improved company performance ($61 million)
Current report
Lower legal expenses due to the settlement of pending personal injury lawsuits ($26 million)
Current report
Amortization of acquisition-related intangible assets for the three months ended September 27, 2026, decreased by $1 million, or 3.2%, when compared to the three months ended September 28, 2025.
Current report
EIB Facilities
Current report
On September 1, 2026, NXP B.V. entered into a facility agreement with the European Investment Bank, which provides for a $250 million unsecured senior loan facility (2026 EIB Facility A). Borrowings on the 2026 EIB Facility A may be denominated in Euro or U.S. Dollar and may bear interest at fixed or floating rates. The proceeds from borrowings are expected to be used to finance the design and implementation of an expansion of our semiconductor assembly and test facility in Kuala Lumpur, Malaysia. The 2026 EIB Facility A was undrawn as of September 27, 2026 and is subject to a commitment fee of 0.10% per annum on the available facility beginning six months after the agreement date.
Current report
Increase in receivables and other current assets of $90 million primarily due to the higher trade accounts receivable driven by
Current report
increased sales,
Current report
Capital expenditures of $199 million,
Current report
Investments in short-term deposits of $500 million,
Current report
Capital expenditures of $299 million,
Current report
Net cash provided from financing activities of $118 million for the first nine months of 2025 was primarily driven by:
Current report
Certain prior period amounts included within the Information Regarding Guarantors disclosure have been adjusted for presentation purposes. These adjustments were immaterial in nature and related to the presentation of the Obligor Group amounts due from equity financing, non-current liabilities and corresponding equity balances in the summarized combined financial information. These adjustments did not impact the Company's consolidated financial statements, results of operations, cash flows, earnings per share, or debt covenant compliance.
Removed paragraphs (26)
Previous report
•Revenue was $3,496 million, up 19.5% year-on-year;
Previous report
Operating income for the three months ended June 28, 2026, was $1,071 million compared to $1,505 million for the three months ended March 29, 2026, a decrease of $434 million or 28.8%. The decrease was mainly driven by the gain on sale of the MEMS Sensors business in the first quarter of 2026.
Previous report
YTD 2026 compared to YTD 2026
Previous report
Revenue for the six months ended June 28, 2026, was $6,677 million compared to $5,761 million for the six months ended June 29, 2025, an increase of $916 million or 15.9%.
Previous report
Revenue in the Automotive end market was $1,938 million, an increase of $209 million or 12.1% versus the year-ago quarter. The increase was predominantly due to growth in processors, with mixed-signal products also growing.
Previous report
Revenue in the Communication Infrastructure & Other end market was $452 million, an increase of $132 million or 41.3% versus the year-ago quarter. The increase was predominantly due to growth in processors.
Previous report
Revenue in the Automotive end market was $3,720 million, an increase of $317 million or 9.3% versus the year-ago period. The increase was predominantly due to growth in processors, with mixed-signal products also growing.
Previous report
Operating expenses for thesix months ended June 28, 2026, totaled $1,830 million, or 27.4% of revenue, compared to $1,731 million, or 30.0% of revenue for thesix months ended June 29, 2025.
Previous report
Increased variable compensation expenses due to improved company performance ($38 million)
Previous report
A net increase in personnel related costs driven by our closed acquisitions, offset by certain ongoing cost-cutting initiatives ($3 million)
Previous report
An adjustment to our estimate of the restructuring provision related to programs initiated in prior periods ($8 million)
Previous report
Increased variable compensation expenses due to improved company performance ($65 million)
Previous report
A net increase in personnel related costs driven by our closed acquisitions, offset by certain ongoing cost-cutting initiatives ($19 million)
Previous report
Lower share-based compensation costs due to restructuring activities ($11 million)
Previous report
Increased variable compensation expenses due to improved company performance ($24 million)
Previous report
A net decrease in personnel related costs due to certain ongoing cost-cutting initiatives, offset by higher costs driven by our closed acquisitions ($4 million)
Previous report
Increased variable compensation expenses due to improved company performance ($34 million)
Previous report
Lower legal expenses ($27 million)
Previous report
Financial income (expense) was an expense of $193 million for thesix months ended June 28, 2026, compared to an expense of $178 million for thesix months ended June 29, 2025. Interest income decreased by $14 million due to lower cash levels and lower interest rates. Interest expense increased by $5 million mainly due to interest on three new bonds issued in August 2025, offset by lower interest expenses from the redemption of notes and decreased borrowing under our commercial paper program. Other financial income/(expense) decreased mainly due to the movement of fair value adjustments in equity securities.
Previous report
The effective tax rate of 19.4% for the second quarter of 2026 was lower than the EAETR due to a recapture tax benefit effect as the initial EAETR was 19.9% as recorded in the first quarter of 2026.
Previous report
On April 20, 2026, we repaid the $750 million aggregate principal amount of outstanding 3.875% senior unsecured notes due June 18, 2026, at par using available cash.
Previous report
Decrease in inventories of $53 million due to higher sales volumes
Previous report
Increase in receivables and other current assets of $135 million driven by the change in the insurance reimbursements relating to the Motorola Personal Injury Lawsuits
Previous report
Capital expenditures of $148 million
Previous report
Capital expenditures of $222 million
Previous report
Net cash used for financing activities of $364 million for the first six months of 2025 was primarily driven by:
Reworded paragraphs (69)
Previous wording
•GAAP gross margin was 57.3%, and GAAP operating margin was 30.6%;
Current wording
•GAAP gross margin was 57.8%, and GAAP operating margin was 32.4%;
Previous wording
•Non-GAAP gross margin was 58.0%, and non-GAAP operating margin was 35.1%;
Current wording
•Non-GAAP gross margin was 58.6%, and non-GAAP operating margin was 37.1%;
Previous wording
•Cash flow from operations was $860 million, with net capital expenditures on property, plant and equipment of $69 million, resulting in non-GAAP free cash flow of $791 million;
Current wording
•Cash flow from operations was $1,256 million, with net capital expenditures on property, plant and equipment of $50 million, resulting in non-GAAP free cash flow of $1,206 million;
Previous wording
•During the second quarter of 2026, NXP returned capital to shareholders with the payment of $256 million in cash dividends and the repurchase of $104 million of its common shares, for a total capital return of $360 million.
Current wording
•During the third quarter of 2026, NXP returned capital to shareholders with the payment of $256 million in cash dividends and the repurchase of $103 million of its common shares, for a total capital return of $359 million.
Previous wording
Revenue for the three months ended June 28, 2026, was $3,496 million compared to $3,181 million for the three months ended March 29, 2026, an increase of $315 million or 9.9% quarter-on-quarter, in line with management's expectations. Within our end markets, the Automotive end market increased $156 million or 8.8%, the Industrial & IoT end market increased $127 million or 20.2%, the Communication Infrastructure & Other end market increased $72 million or 18.9%, and the Mobile end market decreased $40 million or 10.2%.
Current wording
Revenue for the three months ended September 27, 2026, was $3,786 million compared to $3,496 million for the three months ended June 28, 2026, an increase of $290 million or 8.3% quarter-on-quarter, slightly ahead of management's expectations. Within our end markets, the Automotive end market increased $132 million or 6.8%, the Industrial & IoT end market increased $47 million or 6.2%, the Communication Infrastructure & Other end market increased $51 million or 11.3%, and the Mobile end market increased $60 million or 17.1%.
Previous wording
When aggregating all end markets together and reviewing sales channel performance, revenue from distributors was $2,072 million, an increase of $210 million or 11.3% compared to the previous period. Revenue from direct customers was $1,375 million, an increase of $93 million or 7.3% versus the previous period.
Current wording
When aggregating all end markets together and reviewing sales channel performance, revenue from distributors was $2,244 million, an increase of $172 million or 8.3% compared to the previous period. Revenue from direct customers was $1,498 million, an increase of $123 million or 8.9% versus the previous period.
Previous wording
From a geographic perspective, revenue increased quarter-on-quarter in the China region by 31.5%, in the Asia Pacific region by 11.2%, in the EMEA region by 4.0%, and in the Americas region by 3.2%.
Current wording
From a geographic perspective, revenue increased quarter-on-quarter in the Americas region by 19.5%, in the Asia Pacific region by 8.3%, in the China region by 2.2%, and in the EMEA region by 0.1%.
Previous wording
Our gross profit percentage for the three months ended June 28, 2026, of 57.3% increased compared to 56.2% for the three months ended March 29, 2026, driven mainly by higher sales volumes and favorable product mix.
Current wording
Our gross profit percentage for the three months ended September 27, 2026, of 57.8% increased compared to 57.3% for the three months ended June 28, 2026, driven mainly by higher sales volumes and higher manufacturing utilization.
Previous wording
The following table presents operating results for each of the three- and six-month periods ended June 28, 2026, and June 29, 2025, respectively:
Current wording
The following table presents operating results for each of the three- and nine-month periods ended September 27, 2026, and September 28, 2025, respectively:
Previous wording
Revenue for the three months ended June 28, 2026, was $3,496 million compared to $2,926 million for the three months ended June 29, 2025, an increase of $570 million or 19.5%, in line with management’s expectations.
Current wording
Revenue for the three months ended September 27, 2026, was $3,786 million compared to $3,173 million for the three months ended September 28, 2025, an increase of $613 million or 19.3%, in line with management’s expectations.
Previous wording
Revenue in the Industrial & IoT end market was $755 million, an increase of $209 million or 38.3% versus the year-ago quarter. The increase was due to strong growth in processors and mixed-signal products.
Current wording
Revenue in the Industrial & IoT end market was $802 million, an increase of $223 million or 38.5% versus the year-ago quarter. The increase was due to strong growth in processors and mixed-signal products.
Previous wording
Revenue in the Mobile end market was $351 million, an increase of $20 million or 6.0% versus the year-ago quarter. The increase was due to growth in mixed-signal products, partially offset by declines in processors.
Current wording
Revenue in the Mobile end market was $411 million, a decrease of $19 million or 4.4% versus the year-ago quarter. The decrease was due to declines in processors, partially offset by growth in mixed-signal products.
Previous wording
When aggregating all end markets together and reviewing sales channel performance, revenue from distributors was $2,072 million, an increase of $436 million or 26.7% versus the year-ago quarter. Revenue from direct customers was $1,375 million, an increase of $118 million or 9.4% versus the year-ago quarter.
Current wording
When aggregating all end markets together and reviewing sales channel performance, revenue from distributors was $2,244 million, an increase of $378 million or 20.3% versus the year-ago quarter. Revenue from direct customers was $1,498 million, an increase of $229 million or 18.0% versus the year-ago quarter.
Previous wording
From a geographic perspective, revenue increased year-on-year in the Americas region by 34.0%, in the China region by 25.5%, in the Asia Pacific region by 13.6%, and in the EMEA region by 8.9%.
Current wording
From a geographic perspective, revenue increased year-on-year in the China region by 28.8%, in the Americas region by 28.2%, in the Asia Pacific region by 13.5%, and in the EMEA region by 10.1%.
Previous wording
Revenue in the Industrial & IoT end market was $1,383 million, an increase of $329 million or 31.2% versus the year-ago period. The increase was due to strong growth in processors and mixed-signal products.
Current wording
Revenue in the Industrial & IoT end market was $2,185 million, an increase of $552 million or 33.8% versus the year-ago period. The increase was due to strong growth in processors and mixed-signal products.
Previous wording
Revenue in the Communication Infrastructure & Other end market was $832 million, an increase of $197 million or 31.0% versus the year-ago period. The increase was due to growth in processors, partially offset by declines in mixed-signal products.
Current wording
Revenue in the Communication Infrastructure & Other end market was $1,335 million, an increase of $373 million or 38.8% versus the year-ago period. The increase was due to growth in processors, partially offset by declines in mixed-signal products.
Previous wording
Revenue in the Mobile end market was $742 million, an increase of $73 million or 10.9% versus the year-ago period. The increase was due to growth in mixed-signal products, partially offset by declines in processors.
Current wording
Revenue in the Mobile end market was $1,153 million, an increase of $54 million or 4.9% versus the year-ago period. The increase was due to growth in mixed-signal products, partially offset by declines in processors.
Previous wording
When aggregating all end markets together, and reviewing sales channel performance, revenue from distributors was $3,934 million, an increase of $774 million or 24.5% versus the year-ago period. Revenue through direct customers was $2,657 million, an increase of $116 million or 4.6% versus the year-ago period.
Current wording
When aggregating all end markets together, and reviewing sales channel performance, revenue from distributors was $6,178 million, an increase of $1,152 million or 22.9% versus the year-ago period. Revenue through direct customers was $4,155 million, an increase of $345 million or 9.1% versus the year-ago period.
Previous wording
From a geographic perspective, revenue increased year-on-year in the Americas region by 30.9%, in the China region by 14.6%, in the Asia Pacific region by 10.3%, and in the EMEA region by 8.7%.
Current wording
From a geographic perspective, revenue increased year-on-year in the Americas region by 29.9%, in the China region by 19.4%, in the Asia Pacific region by 11.5%, and in the EMEA region by 9.2%.
Previous wording
Gross profit for the three months ended June 28, 2026, was $2,002 million, or 57.3% of revenue, compared to $1,562 million, or 53.4% of revenue for the three months ended June 29, 2025. The increase in gross profit is primarily driven byhigher sales volumes and lower manufacturing costs resulting from improved factory utilization and manufacturing cost-efficiency initiatives.
Current wording
Gross profit for the three months ended September 27, 2026, was $2,189 million, or 57.8% of revenue, compared to $1,787 million, or 56.3% of revenue for the three months ended September 28, 2025. The increase in gross profit is primarily driven byhigher sales volumes and utilization.
Previous wording
Gross profit for the six months ended June 28, 2026, was $3,790 million, or 56.8% of revenue, compared to $3,122 million, or 54.2% of revenue for the six months ended June 29, 2025. The increase in gross profit was primarily driven by higher sales volumes and lower manufacturing costs resulting from improved factory utilization, manufacturing cost-efficiency initiatives and sourcing savings.
Current wording
Gross profit for the nine months ended September 27, 2026, was $5,979 million, or 57.1% of revenue, compared to $4,909 million, or 54.9% of revenue for the nine months ended September 28, 2025. The increase in gross profit was primarily driven by higher sales volumes and improved factory utilization.
Previous wording
Operating expenses for the three months ended June 28, 2026, totaled $926 million, or 26.5% of revenue, compared to $876 million, or 29.9% of revenue for the three months ended June 29, 2025.
Current wording
Operating expenses for the three months ended September 27, 2026, totaled $958 million, or 25.3% of revenue, compared to $892 million, or 28.1% of revenue for the three months ended September 28, 2025.
Previous wording
R&D costs for the three months ended June 28, 2026, increased by $31 million, or 5.4%, when compared to the three months ended June 29, 2025, primarily driven by:
Current wording
R&D costs for the three months ended September 27, 2026, increased by $40 million, or 7.0%, when compared to the three months ended September 28, 2025, primarily driven by:
Previous wording
R&D costs for thesix months ended June 28, 2026, increased by $72 million, or 6.4%, when compared to the six months ended June 29, 2025, driven by:
Current wording
R&D costs for the nine months ended September 27, 2026, increased by $112 million, or 6.6%, when compared to the nine months ended September 28, 2025, driven by:
Previous wording
SG&A costs for the three months ended June 28, 2026, increased by $13 million, or 4.7%, when compared to the three months ended June 29, 2025, primarily driven by:
Current wording
SG&A costs for the three months ended September 27, 2026, increased by $27 million, or 9.4%, when compared to the three months ended September 28, 2025, primarily driven by:
Previous wording
SG&A costs for thesix months ended June 28, 2026, increased by $16 million, or 2.9%, when compared to thesix months ended June 29, 2025, primarily driven by:
Current wording
SG&A costs for the nine months ended September 27, 2026, increased by $43 million, or 5.1%, when compared to the nine months ended September 28, 2025, primarily driven by:
Previous wording
Amortization of acquisition-related intangible assets for the three months ended June 28, 2026, increased by $6 million, or 24.0%, when compared to the three months ended June 29, 2025, primarily driven by amortization related to the acquisitions of TTTech Auto and Kinara.
Current wording
Amortization of acquisition-related intangible assets for the nine months ended September 27, 2026, increased by $10 million, or 12.0%, when compared to the nine months ended September 28, 2025, primarily driven by amortization related to the acquisitions of TTTech Auto and Kinara.
Previous wording
Other income (expense) reflects an income of $616 million for thesix months ended June 28, 2026, compared to an income of $19 million in the six months ended June 29, 2025. The increase was mainly driven by the gain on sale of $627 million related to the divestment of the MEMS Sensors business in the first quarter of 2026.
Current wording
Other income (expense) reflects an income of $613 million for the nine months ended September 27, 2026, compared to an income of $17 million in the nine months ended September 28, 2025. The increase was mainly driven by the gain on sale of $627 million related to the divestment of the MEMS Sensors business in the first quarter of 2026.
Previous wording
Financial income (expense) was an expense of $97 million for the three months ended June 28, 2026, compared to an expense of $86 million for the three months ended June 29, 2025. The change in financial income (expense) is primarily attributable to a decrease in interest income of $10 million due to lower interest rates and lower cash levels. The decrease in interest expense is mainly driven by lower interest expenses from the redemption of notes and decreased borrowing under our commercial paper program, offset by the interest on three new bonds issued in August 2025. Other financial expenses increased year-over-year primarily due to favorable prior-year tax-related interest adjustments, partially offset by improved foreign exchange hedge results.
Current wording
Financial income (expense) was an expense of $97 million for the three months ended September 27, 2026, compared to an expense of $98 million for the three months ended September 28, 2025. The change in financial income (expense) is primarily attributable to a decrease in interest expense of $10 million, mainly driven by lower interest expenses from the redemption of notes and decreased borrowing under our commercial paper program, offset by the interest on three new bonds issued in August 2025. Other financial expenses increased year-over-year primarily due to fair value adjustments in equity securities resulting in a $2 million loss paired with an unfavorable foreign exchange rate result.
Previous wording
The effective tax rate for the firstsix months of 2026 was 19.3% compared to 20.0% for the same period in 2025, with discrete items in the respective periods impacting the rates accordingly. Excluding discrete items, the EAETR increased to 19.7% in 2026 from 18.8% in 2025, mainly as a result of a taxable capital gain and non-deductible goodwill associated with the divestiture of the MEMS Sensors business in the first quarter of 2026.
Current wording
The effective tax rate for the first nine months of 2026 was 19.6% compared to 19.4% for the same period in 2025, with discrete items in the respective periods impacting the rates accordingly. Excluding discrete items, the EAETR increased to 19.7% in 2026 from 18.7% in 2025, mainly as a result of a taxable capital gain and non-deductible goodwill associated with the divestiture of the MEMS Sensors business in the first quarter of 2026.
Previous wording
Results relating to equity-accounted investees amounted to a loss of $7 million for thesix months ended June 28, 2026, whereas the six months ended June 29, 2025, results relating to equity-accounted investees amounted to a loss of $32 million (which includes an impairment charge of $27 million related to our investment in Sigma Sense).
Current wording
Results relating to equity-accounted investees amounted to a loss of $4 million for the three months ended September 27, 2026, whereas the three months ended September 28, 2025, results relating to equity-accounted investees amounted to a loss of $1 million.
Previous wording
Results relating to equity-accounted investees amounted to a loss of $3 million for the three months ended June 28, 2026, whereas the three months ended June 29, 2025, results relating to equity-accounted investees amounted to a loss of $28 million (which includes an impairment charge of $27 million related to our investment in Sigma Sense).
Current wording
Results relating to equity-accounted investees amounted to a loss of $11 million for the nine months ended September 27, 2026, whereas the nine months ended September 28, 2025, results relating to equity-accounted investees amounted to a loss of $33 million (which includes an impairment charge of $27 million related to our investment in Sigma Sense).
Previous wording
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 $15 million for the three months ended June 28, 2026, compared to a profit of $12 million for the three months ended June 29, 2025.
Current wording
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 $15 million for the three months ended September 27, 2026, compared to a profit of $15 million for the three months ended September 28, 2025.
Previous wording
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 $26 million for thesix months ended June 28, 2026, compared to a profit of $19 million for thesix months ended June 29, 2025.
Current wording
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 $41 million for the nine months ended September 27, 2026, compared to a profit of $34 million for the nine months ended September 28, 2025.
Previous wording
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 second quarter of 2026, our cash balance was $3,222 million, a decrease of $45 million compared to December 31, 2025. Taking into account the available amount of the unsecured revolving credit facility of $3,000 million ("RCF"), we had access to $6,222 million of liquidity as of June 28, 2026. 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 of $3,000 million, 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.
Current wording
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 third quarter of 2026, our cash balance was $3,943 million, an increase of $676 million compared to December 31, 2025. Taking into account the available amount of the unsecured revolving credit facility of $3,000 million ("RCF"), we had access to $6,943 million of liquidity as of September 27, 2026. 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 of $3,000 million, 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.
Previous wording
At June 28, 2026, our cash balance was $3,222 million of which $359 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. During the first quarter of 2026, SSMC declared a dividend of $150 million, of which $75 million was paid in the first quarter, with 38.8% being paid to our joint venture partner.
Current wording
At September 27, 2026, our cash balance was $3,943 million of which $316 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. During the first quarter of 2026, SSMC declared a dividend of $150 million, payable in two equal installments of $75 million in the first and third quarters. Of each installment, 38.8% was paid to our joint venture partner, TSMC.
Previous wording
Our cash outflows for capital expenditures were $148 million in the first six months of 2026, compared to $222 million in thefirst six months of 2025.
Current wording
Our cash outflows for capital expenditures were $199 million in the first nine months of 2026, compared to $299 million in thefirst nine months of 2025.
Previous wording
In the first six months of 2026, we repurchased approximately $206 million of shares.
Current wording
In the first nine months of 2026, we repurchased approximately $309 million of shares.
Previous wording
Under our Quarterly Dividend Program, interim dividends of $1.014 per ordinary share were paid on January 7, 2026 ($256 million) and dividends of $1.014 per ordinary share were paid on April 9, 2026 ($256 million) and dividends of $1.014 per ordinary share were paid on July 9, 2026 ($256 million).
Current wording
Under our Quarterly Dividend Program, interim dividends of $1.014 per ordinary share were paid on January 7, 2026 ($256 million) and dividends of $1.014 per ordinary share were paid on April 9, 2026 ($256 million), dividends of $1.014 per ordinary share were paid on July 9, 2026 ($256 million) and dividends of $1.014 per ordinary share were paid on October 8, 2026 ($256 million).
Previous wording
Our total debt, inclusive of aggregate principal, unamortized discounts, premiums, debt issuance costs and fair value adjustments, amounted to $10,976 million as of June 28, 2026, a decrease of $1,246 million compared to December 31, 2025 ($12,222 million).
Current wording
Our total debt, inclusive of aggregate principal, unamortized discounts, premiums, debt issuance costs and fair value adjustments, amounted to $10,978 million as of September 27, 2026, a decrease of $1,244 million compared to December 31, 2025 ($12,222 million).
Showing the first 40 of 69 pairs. Open the source sections for the rest.
Rearranged current paragraphs (2)
Current report — wording carried from elsewhere
Financial income (expense) was an expense of $290 million for the nine months ended September 27, 2026, compared to an expense of $276 million for the nine months ended September 28, 2025. The change in financial income (expense) is primarily attributable to a decrease in interest income of $17 million mainly due to lower interest rates.
Current report — wording carried from elsewhere
The effective tax rate of 20.2% for the third quarter of 2026 was higher than the EAETR due to income tax expense for discrete items of $6 million. Excluding discrete items, the EAETR increased to 19.7% in 2026 from 18.7% in 2025, mainly as a result of a taxable capital gain and non-deductible goodwill associated with the divestiture of the MEMS Sensors business in the first quarter of 2026.
Rearranged previous paragraphs (2)
Previous report — wording carried elsewhere
From an end market perspective, NXP experienced growth across all end markets versus the year-ago quarter.
Previous report — wording carried elsewhere
Amortization of acquisition-related intangible assets for thesix months ended June 28, 2026, increased by $11 million, or 21.2%, when compared to thesix months ended June 29, 2025, primarily driven by amortization related to the acquisitions of TTTech Auto and Kinara.