NXP Q2 revenue $3.3B flat YoY; non-GAAP EPS $3.43 beats; automotive grows 9%

NXP Semiconductors N.V.

2023-Q2 EPS reported $5.03 revenue$6,420,000,000

Revenue $3.3B at high end of guidance, down 0.4% YoY; GAAP EPS $2.67, non-GAAP EPS $3.43.
Automotive segment revenue $1.866B (+9% YoY); Industrial & IoT $578M (-19% YoY); Mobile $284M (-27% YoY).
Non-GAAP gross margin 58.4%, operating margin 35.0%; free cash flow $556M.
Capital return $566M in Q2 ($264M dividends, $302M buybacks), 102% of FCF; additional $69M buybacks post-quarter.
CEO cites success navigating cyclical downturn, strength in automotive, core-industrial, comms infra.

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 second quarter, ended July 2, 2023 results: revenue $3.3 billion, EPS GAAP diluted Net Income per Share was $2.67.

Period: second quarter, ended July 2, 2023
Revenue: $3.3 billion
EPS: GAAP diluted Net Income per Share was $2.67
Result: reported results

Exact text from the filing

NXP delivered quarterly revenue of $3.3 billion at the high end of guidance

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Source: SEC EDGAR

accession 0001413447-23-000057

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