NXP Q4 2021 Earnings Report
Key Takeaways
NXP delivered a full-year record revenue of $11.06 billion, a 28% increase year-on-year. In Q4, revenue reached $3.04 billion, a 21% increase year-on-year, surpassing the midpoint of the guidance range. The company saw significant design win traction and anticipates continued growth in 2022.
Fourth-quarter revenue was $3.04 billion, up 21.2 percent year-on-year.
Fourth-quarter GAAP gross margin was 56.2 percent, and GAAP operating margin was 26.6 percent.
Fourth-quarter non-GAAP gross margin was 57.3 percent, and non-GAAP operating margin was 34.9 percent.
The NXP Board of Directors approved a 50 percent increase in the quarterly cash dividend to $0.845 per ordinary share and a new $2.00 billion 2022 Share Repurchase Program.
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NXP Revenue by Segment
Forward Guidance
NXP anticipates revenue will grow 8-to-12 percent 3-year CAGR, 2021 to 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income