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Sep 29, 2024
NXP Q3 2024 Earnings Report
NXP delivered quarterly revenue in line with guidance, facing macro weakness in Industrial & IoT market.
Key Takeaways
NXP Semiconductors reported Q3 2024 revenue of $3.25 billion, in line with guidance. Strength in Communication Infrastructure, Mobile, and Automotive was offset by weakness in Industrial & IoT. The company focuses on managing controllable factors to maintain profitability amidst broader macro weakness, especially in Europe and the Americas.
Revenue was $3.25 billion, down 5% year-on-year.
GAAP gross margin was 57.4%, GAAP operating margin was 30.5%, and GAAP diluted Net Income per Share was $2.79.
Non-GAAP gross margin was 58.2%, non-GAAP operating margin was 35.5%, and non-GAAP diluted Net Income per Share was $3.45.
Cash flow from operations was $779 million, with net capex investments of $186 million, resulting in non-GAAP free cash flow of $593 million.
Revenue by Segment
Forward Guidance
NXP provides guidance for the fourth quarter of 2024 with revenue expected to be between $3.00 billion and $3.20 billion.
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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