Jul 03, 2022

NXP Q2 2022 Earnings Report

NXP delivered quarterly revenue growth and performed well despite macroeconomic headwinds.

Key Takeaways

NXP Semiconductors reported Q2 2022 revenue of $3.31 billion, a 28% increase year-over-year, exceeding the midpoint of guidance. The company continues to see strong customer demand in the Auto and Industrial & IoT end-markets.

Revenue was $3.31 billion, up 27.6 percent year-on-year

GAAP gross margin was 56.8 percent, and GAAP operating margin was 28.5 percent

Non-GAAP gross margin was 57.8 percent, and non-GAAP operating margin was 36.0 percent

Cash flow from operations was $819 million, with net capex investments of $268 million, resulting in non-GAAP free cash flow of $551 million

Total Revenue
$3.31B
Previous year: $2.6B
+27.5%
EPS
$3.52
Previous year: $2.44
+44.3%
Channel Inventory (months)
1.6
Previous year: 1.6
+0.0%
Gross Profit
$1.88B
Previous year: $1.42B
+32.3%
Cash and Equivalents
$3.55B
Previous year: $2.91B
+21.8%
Free Cash Flow
$551M
Previous year: $486M
+13.4%
Total Assets
$22.5B
Previous year: $20.6B
+9.3%

NXP

NXP

NXP Revenue by Segment

Forward Guidance

NXP expects Q3 2022 revenue to be in the range of $3.35 billion to $3.50 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income