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Oct 03, 2021
NXP Q3 2021 Earnings Report
NXP delivered third-quarter revenue growth and customer adoption of latest products amid robust demand.
Key Takeaways
NXP Semiconductors reported strong third-quarter results with revenue of $2.9 billion, a 26.2% increase year-over-year. The company saw growth across its end markets and continued to take actions to assure supply to customers.
Revenue was $2.9 billion, up 26.2 percent year-on-year.
GAAP gross margin was 55.3 percent, and GAAP operating margin was 24.9 percent.
Non-GAAP gross margin was 56.5 percent, and non-GAAP operating margin was 33.5 percent.
Cash flow from operations was $924 million, with net capex investments of $200 million, resulting in non-GAAP free cash flow of $724 million.
Revenue by Segment
Forward Guidance
NXP projects Q4 2021 revenue to be in the range of $2.925 billion to $3.075 billion.
Positive Outlook
- Total Revenue between $2,925 and $3,075 million
- Q-Q growth between 2% and 7%
- Y-Y growth between 17% and 23%
- Gross Profit between $1,602 and $1,717 million
- Gross Margin between 54.8% and 55.8%
Challenges Ahead
- Operating Income between $710 and $805 million
- Operating Margin between 24.3% and 26.2%
- Financial Income (expense) of $(97) million
- Net cash paid for income taxes related to on-going operations is expected to be approximately $(100) 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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