NXP Q4 2023 Earnings Report
Key Takeaways
NXP Semiconductors reported a 3% year-over-year increase in revenue for Q4 2023, reaching $3.42 billion. The company's performance reflects strong execution and consistent gross margin, resulting in healthy free cash flow generation despite a challenging market environment. NXP delivered full-year 2023 revenue of $13.28 billion, an increase of 1 percent year-on-year.
Fourth quarter revenue was $3.42 billion, up 3 percent year-on-year.
Fourth quarter GAAP gross margin was 56.6 percent, GAAP operating margin was 26.5 percent and GAAP diluted Net Income per Share was $2.68.
Fourth quarter non-GAAP gross margin was 58.7 percent, non-GAAP operating margin was 35.6 percent, and non-GAAP diluted Net Income per Share was $3.71.
Fourth quarter cash flow from operations was $1,137 million, with net capex investments of $175 million, resulting in non-GAAP free cash flow of $962 million.
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NXP Revenue by Segment
Forward Guidance
NXP anticipates Q1 2024 revenue to be in the range of $3,025 million to $3,225 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income