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Apr 03, 2022
NXP Q1 2022 Earnings Report
NXP reported record quarterly revenue and strong year-on-year growth.
Key Takeaways
NXP delivered record quarterly revenue of $3.14 billion, an increase of 22 percent year-on-year. Demand continues to outstrip increased supply, and inventory across all end markets remains very lean.
Revenue was $3.14 billion, up 22.2 percent year-on-year.
GAAP gross margin was 56.7 percent, and GAAP operating margin was 27.8 percent.
Non-GAAP gross margin was 57.6 percent, and non-GAAP operating margin was 35.7 percent.
Cash flow from operations was $856 million, with net capex investments of $279 million, resulting in non-GAAP free cash flow of $577 million.
NXP
NXP
NXP Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.comIndustrial & IoT Revenue
CapyFin.comMobile Revenue
CapyFin.comComm. Infra. & Other Revenue
CapyFin.com Forward Guidance
NXP provided guidance for the second quarter of 2022 with revenue expected to be between $3.175 billion and $3.375 billion.
Positive Outlook
- Total Revenue between $3,175 and $3,375 million
- Q-Q1% between 1% and 4%
- Y-Y% between 22% and 30%
- Gross Profit between $1,776 and $1,924 million
- Gross Margin between 55.9% and 57.0%
Challenges Ahead
- Operating Income (loss) between $847 and $975 million
- Operating Margin between 26.7% and 28.9%
- Financial Income (expense) of $(105) million
- Net cash paid for income taxes related to on-going operations is expected to be approximately $(154) million
- Non-controlling interest is expected to be approximately $(13) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income