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Jul 04, 2021
NXP Q2 2021 Earnings Report
NXP delivered strong second-quarter results with revenue exceeding guidance and demonstrating robust year-over-year growth.
Key Takeaways
NXP Semiconductors reported a strong second quarter with revenue of $2.6 billion, a 43% increase year-over-year. The company is positive about long-term demand trends and has taken actions to increase supply to drive robust growth for the remainder of 2021 and into 2022.
Revenue was $2.6 billion, up 42.9 percent year-on-year.
GAAP gross margin was 54.8 percent, and GAAP operating margin was 22.1 percent.
Non-GAAP gross margin was 56.1 percent, and non-GAAP operating margin was 32.0 percent.
Cash flow from operations was $636 million, with non-GAAP free cash flow of $486 million.
Revenue by Segment
Forward Guidance
NXP provides guidance for the third quarter of 2021, with revenue expected to be in the range of $2.775 billion to $2.925 billion.
Positive Outlook
- Total Revenue: $2,775 to $2,925 million
- Q-Q Growth: 7% to 13%
- Y-Y Growth: 22% to 29%
- Gross Profit: $1,518 to $1,620 million (GAAP)
- Gross Margin: 54.7% to 55.4% (GAAP)
Challenges Ahead
- Operating Income (loss): $650 to $732 million (GAAP)
- Operating Margin: 23.4% to 25.0% (GAAP)
- Financial Income (expense): $(99) million
- Net cash paid for income taxes related to on-going operations is expected to be approximately $(90) million
- Non-controlling interest is expected to be approximately $(9) million
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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