NXP Q1 revenue $3.12B, down 0.5% YoY; beats guidance high-end; non-GAAP EPS $3.19

NXP Semiconductors N.V.

2023-Q1 EPS reported $2.35 revenue$3,121,000,000

Revenue $3.12B, down 0.5% YoY but above high-end of guidance; GAAP EPS $2.35, non-GAAP EPS $3.19.
Automotive revenue $1.828B (+17% YoY); Industrial & IoT $504M (-26%); Mobile $260M (-35%); Comm Infra $529M (+7%).
GAAP gross margin 56.7%, operating margin 26.4%; non-GAAP gross margin 58.2%, operating margin 34.8%.
Cash from operations $632M; non-GAAP free cash flow $381M; dividends paid $219M in Q1.
CEO cites cautious optimism navigating cyclical downturn with consumer-exposed weakness but auto and core-industrial strength.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NXP Semiconductors N.V. reported first quarter 2023 results: revenue $3.12 billion.

Period: first quarter 2023
Revenue: $3.12 billion
Result: reported results

Exact text from the filing

May 1, 2023 – NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the first quarter, ended April 2, 2023. “NXP delivered quarterly revenue of $3.12 billion, with all our focus end-markets performing better than anticipated, which resulted in total company revenue above the high end of guidance. Solid first-quarter results, guidance

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Source: SEC EDGAR

accession 0001413447-23-000022

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