NXP Q4 2022 Earnings Report
Key Takeaways
NXP Semiconductors reported a strong fourth quarter with revenue of $3.31 billion, a 9% increase year-on-year. The company's automotive business performed well, while consumer IoT and mobile businesses experienced softening demand. NXP is managing distribution channel inventory levels well below long-term targets.
Fourth Quarter revenue was $3.31 billion, up 9.0 percent year-on-year.
Fourth Quarter GAAP gross margin was 57.1 percent, and GAAP operating margin was 29.6 percent.
Fourth Quarter non-GAAP gross margin was 58.0 percent, and non-GAAP operating margin was 36.5 percent.
Fourth Quarter cash flow from operations was $1,076 million, with net capex investments of $233 million, resulting in non-GAAP free cash flow of $843 million.
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NXP Revenue by Segment
Forward Guidance
NXP Semiconductors anticipates first quarter 2023 revenue to be in the range of $2.90 billion to $3.10 billion.
Challenges Ahead
- Total Revenue Q-Q -12% to -6%
- Total Revenue Y-Y -8% to -1%
- Gross Margin 56.3% to 57.4%
- Operating Margin 26.1% to 28.5%
- Earnings Per Share - diluted $2.12 to $2.51
Revenue & Expenses
Visualization of income flow from segment revenue to net income