NXP Semiconductors filed its 10-Q with the SEC, and its figures are now in our data. Revenue over the twelve months to Q3 2026 was $13.8 billion, a 14.6% increase on the year before. That growth rate was up 5.8 percentage points on the rate a quarter earlier.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q3.
View chart data
| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY24 Q4 | -5.0% | 27.1% | 16.3% |
| FY25 Q1 | -7.2% | 26.6% | 15.1% |
| FY25 Q2 | -7.5% | 25.4% | 16.3% |
| FY25 Q3 | -6.8% | 24.7% | 15.7% |
| FY25 Q4 | -2.7% | 24.8% | 19.7% |
| FY26 Q1 | 2.4% | 30.4% | 21.5% |
| FY26 Q2 | 8.8% | 32.0% | 21.3% |
| FY26 Q3 | 14.6% | 33.0% | 25.4% |
The main points
Net income rose 56.6% over the year while free cash flow rose 85.2%, indicating reported profit and cash are moving at different speeds.
Profitability
The business is getting more profitable as it grows. The trailing gross margin was 56.4%. The trailing operating margin was 33.0%, up 8.2 percentage points from a year earlier, while the trailing net margin was 23.4%. Net income over the twelve months was $3.2 billion, which rose 56.6% on the year before.
Where the cash went
Profit and cash are telling different stories: cash flow grew far faster. Operating cash flow over the twelve months was $3.8 billion, up 63.8% on the year before. Capital spending was $297.0 million, or 2.2% of revenue. Free cash flow, operating cash flow less capital spending, was $3.5 billion, up 85.2% on the year before. The free-cash-flow margin stood at 25.4% of revenue, up 9.7 percentage points from a year earlier.
Share count
The average diluted share count fell 0.4% over the year.
Against its own history
Set against the company’s own record: today’s free-cash-flow margin of 25.4% is higher than 96% of the company’s own past quarterly readings, which have ranged from 15.1% to 25.8%. Today’s operating margin of 33.0% is above every past reading (1.8% to 32.0%). Today’s twelve-month revenue growth rate of 14.6% is higher than 72% of past readings (−8.2% to 28.5%).
Guidance
The company gave its third quarter 2026 guidance for Q-Q of 4% to 10%, for gross margin of 57.3% to 58.4%, for operating margin of 31.2% to 33%, and for tax rate of 19.2% to 20.2%.
What it means for our valuation
These trends feed directly into what the shares are worth in our model. In our model, growth 5 percentage points lower would lower the value by 26.2%, and 5 percentage points higher would raise it by 33.7%. A free-cash-flow margin 1 percentage point lower would lower it by 3.8%.
What comes next
The next filing will show whether the trends above continue, slow or reverse.
