NVIDIA vs NXP Semiconductors: Revenue, Profit and Business Model
NVIDIA had $215.9B of annual revenue in FY2026 and $120.1B of net income. NXP Semiconductors had $13.4B of annual revenue in FY2025.
Latest financial snapshot
NVIDIA
- Latest annual revenue
- $215.9B (FY2026)
- Net income
- $120.1B
- Net margin
- 55.6%
- Revenue growth
- +46.6% a year, FY2017–FY2026
NXP Semiconductors
- Latest annual revenue
- $13.4B (FY2025)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- +0.5% a year, FY2022–FY2025
Financial summary
NVIDIA
NVIDIA's revenue rose from $27.0B in fiscal 2023 to $60.9B in FY2024, $130.5B in FY2025 and $215.9B in FY2026, which ended January 25, 2026. FY2026 GAAP net income was $120.1B, operating cash flow was $102.7B and company-defined free cash flow was $96.6B. Growth continued into fiscal 2027: Q2 (ended July 26, 2026) revenue was $96.2B, including $89.0B of Data Center revenue, with a 75.0% GAAP gross margin and $59.7B GAAP net income. The $108.0B Q3 FY2027 revenue figure, plus or minus 2%, was management guidance, not a reported result; the outlook assumed no Data Center compute revenue from China. NVIDIA returned about $26.0B to shareholders in Q2, and reported about $99.0B remaining under its repurchase authorization at quarter-end. Its May 2026 dividend increase to $0.25 per share is separate from the repurchase authorization.
NXP Semiconductors
NXP delivers robust operating cash flow and resilient gross profit margins. Consolidated annual revenue stood at $13.21 billion in 2022, $13.28 billion in 2023, $12.61 billion in 2024 during broad industrial inventory corrections, and reached $13.40 billion in 2025. Gross margins consistently exceed 56% to 58%, while operating margins remain resilient at 33% to 35%, reflecting disciplined pricing and cost controls. Annual net income consistently exceeds $2.6 billion to $3.0 billion, enabling sustained capital returns through share buybacks and dividends.
Revenue and profit by year
NVIDIA
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $215.9B | $120.1B | 55.6% | +65.5% | Source |
| FY2025 | $130.5B | $72.9B | 55.8% | +114.2% | Source |
| FY2024 | $60.9B | $29.8B | 48.8% | +125.9% | Source |
| FY2023 | $27B | $4.4B | 16.2% | +0.2% | Source |
| FY2022 | $26.9B | $9.8B | 36.2% | +61.4% | Source |
| FY2021 | $16.7B | $4.3B | 26.0% | +52.7% | Source |
| FY2020 | $10.9B | $2.8B | 25.6% | -6.8% | Source |
| FY2019 | $11.7B | $4.1B | 35.3% | +20.6% | Source |
| FY2018 | $9.7B | $3B | 31.4% | +40.6% | Source |
| FY2017 | $6.9B | $1.7B | 24.1% | — | Source |
NXP Semiconductors
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $13.4B | — | — | +6.3% | |
| FY2024 | $12.6B | — | — | -5.0% | |
| FY2023 | $13.3B | — | — | +0.5% | |
| FY2022 | $13.2B | — | — | — |
Where the revenue comes from
NVIDIA
- Data CenterDominant
GPU accelerators, AI systems, networking, and software for cloud, enterprise, and supercomputing customers.
- GamingMaterial
GeForce GPUs and gaming-platform products for PC gamers, creators, and consumer AI PCs.
- Professional Visualization
Complementary
Workstation GPUs, visualization, simulation, and Omniverse-related products.
- AutomotiveGrowth
Automotive compute, software, and autonomous-driving platforms.
- Software And ServicesGrowth
Enterprise AI software, cloud services, libraries, and platform subscriptions layered on hardware.
NXP Semiconductors
- Core Semiconductors, Automotive Microcontrollers, Secure Identification & Edge Processing Platform Operations
~48% of Total Net Revenue
Direct software licensing, enterprise subscription access, platform usage fees, or primary transaction commissions derived from NXP Semiconductors N.V.'s flagship commercial solutions.
- Enterprise Solutions & Value-Added Services
~28% of Total Net Revenue
Custom enterprise deployments, premium capability tiers, specialized API integrations, and dedicated technical client support contracts.
- Ancillary Services & Strategic Ecosystem Billing
~14% of Total Net Revenue
Complementary service fees, partner ecosystem revenue sharing, financing fees, and transactional processing services.
- Professional Services, Maintenance & Support
~10% of Total Net Revenue
Onboarding implementation, specialized compliance consulting, customer training programs, and annual service-level agreement retainers.
Business model and strategy
NVIDIA
How it makes money
NVIDIA Corporation generates revenue primarily through two operating segments: Compute & Networking and Graphics. Compute & Networking represents the overwhelming majority of consolidated revenue (over 85%), driven by enterprise data center sales of high-performance AI GPUs (Hopper H100/H200 and Blackwell B200/GB200 architectures), Quantum InfiniBand and Spectrum-X Ethernet networking switches, and enterprise AI ente…
Growth strategy
NVIDIA wants to sell the whole AI factory, not just accelerators. It ships a new architecture roughly every year: Blackwell, then Blackwell Ultra, then Vera Rubin, which reached full production in mid-2026. Each rack combines GPUs, Vera CPUs, NVLink, Spectrum-6 switches and BlueField DPUs.
Competitive advantage
NVIDIA's insurmountable competitive moat is underpinned by the CUDA software computing platform, full-stack hardware integration, and proprietary high-throughput networking. Over 5 million software developers worldwide are trained on CUDA, creating deep software lock-in: neural network architectures, PyTorch libraries, and LLM inference frameworks are optimized natively for NVIDIA tensor cores.
NXP Semiconductors
How it makes money
NXP Semiconductors operates a hybrid manufacturing semiconductor business model (relying on both internal wafer fabrication plants and external foundries like TSMC).
Growth strategy
NXP grows by expanding semiconductor content per vehicle. As cars transition from internal combustion to electric and software-defined architectures, the dollar value of NXP silicon per car rises from approximately $400 in traditional combustion cars to over $1,200 in connected electric vehicles equipped with radar ADAS and intelligent battery management.
Competitive advantage
NXP Semiconductors commands an economic moat rooted in stringent automotive safety qualifications, multi-year product design-ins, and high switching costs. Automotive microcontrollers must comply with extreme temperature, vibration, and safety standards (AEC-Q100 and ISO 26262 ASIL-D), requiring three to five years of collaborative engineering before entering production.
Questions about NVIDIA vs NXP Semiconductors
Which company has higher revenue — NVIDIA Corporation or NXP Semiconductors N.V.?
NVIDIA Corporation had $215.9B (FY2026), while NXP Semiconductors N.V. had $13.4B (FY2025). By latest annual revenue, NVIDIA Corporation is the larger business, with NXP Semiconductors N.V. showing a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of NVIDIA Corporation vs NXP Semiconductors N.V.?
NVIDIA Corporation's market capitalisation stands at $5.45T, while NXP Semiconductors N.V.'s is $60.0B. NVIDIA Corporation carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to NXP Semiconductors N.V..
How does revenue per employee compare for NVIDIA Corporation and NXP Semiconductors N.V.?
NVIDIA Corporation has $5.14M / employee in revenue per employee, while NXP Semiconductors N.V. has $394k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do NVIDIA Corporation and NXP Semiconductors N.V. make money?
NVIDIA Corporation and NXP Semiconductors N.V. generate revenue in fundamentally different ways. NVIDIA Corporation: NVIDIA Corporation generates revenue primarily through two operating segments: Compute & Networking and Graphics. NXP Semiconductors N.V.: NXP Semiconductors operates a hybrid manufacturing semiconductor business model (relying on both internal wafer fabrication plants and external foundries like TSMC).
Which company is valued higher relative to revenue — NVIDIA Corporation or NXP Semiconductors N.V.?
On a price-to-sales (P/S) basis, NVIDIA Corporation trades at 25.2x P/S and NXP Semiconductors N.V. at 4.5x P/S. NVIDIA Corporation commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to NXP Semiconductors N.V.. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is NVIDIA Corporation bigger than NXP Semiconductors N.V.?
By last reported revenue, NVIDIA Corporation ($215.9B (FY2026)) is the larger company compared to NXP Semiconductors N.V. ($13.4B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the NVIDIA vs NXP Semiconductors overview