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Apr 02, 2023
NXP Q1 2023 Earnings Report
NXP delivered quarterly revenue of $3.12 billion, with all focus end-markets performing better than anticipated, resulting in total company revenue above the high end of guidance.
Key Takeaways
NXP Semiconductors reported first quarter 2023 results with revenue of $3.12 billion. All focus end-markets performed better than anticipated, leading to revenue above the high end of guidance. The company is cautiously optimistic about navigating the cyclical downturn in consumer-exposed businesses, while seeing continued strength in automotive and core-industrial businesses.
Revenue was $3.12 billion, down 0.5 percent year-on-year.
GAAP gross margin was 56.7 percent, GAAP operating margin was 26.4 percent and GAAP diluted Net Income per Share was $2.35.
Non-GAAP gross margin was 58.2 percent, non-GAAP operating margin was 34.8 percent, and non-GAAP diluted Net Income per Share was $3.19.
Cash flow from operations was $632 million, with net capex investments of $251 million, resulting in non-GAAP free cash flow of $381 million.
Revenue by Segment
Forward Guidance
NXP Semiconductors provided guidance for the second quarter of 2023, with revenue expected to be in the range of $3.10 billion to $3.30 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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