Revenue and Financial Performance - Revenue for Q3 2024 was $3.25 billion, down 5% year-on-year[2] - Q4 2024 revenue guidance is between $3.0 billion and $3.2 billion, reflecting a year-on-year decline of 6% to 12%[6] - Revenue for Q3 2024 was $3.25 billion, compared to $3.127 billion in Q2 2024 and $3.434 billion in Q3 2023[18] - NXP Semiconductors posted revenue of $13.28 billion in 2023[15] Gross Margin and Profitability - GAAP gross margin was 57.4%, and non-GAAP gross margin was 58.2%[3] - Gross profit for Q3 2024 was $1.866 billion, up from $1.792 billion in Q2 2024 but down from $1.965 billion in Q3 2023[18] - GAAP gross profit for the quarter ended September 29, 2024, was $1.866 billion, with a gross margin of 57.4%, compared to $1.792 billion and 57.3% in the previous quarter[23] - Non-GAAP gross profit for the quarter ended September 29, 2024, was $1.892 billion, with a gross margin of 58.2%, compared to $1.833 billion and 58.6% in the previous quarter[23] Operating Income and Margins - Non-GAAP operating margin for Q4 2024 is expected to be between 33.1% and 35.0%[6] - GAAP operating income for the quarter ended September 29, 2024, was $990 million, with an operating margin of 30.5%, compared to $896 million and 28.7% in the previous quarter[23] - Non-GAAP operating income for the quarter ended September 29, 2024, was $1.153 billion, with an operating margin of 35.5%, compared to $1.071 billion and 34.3% in the previous quarter[23] Net Income and Earnings Per Share - Net income attributable to stockholders for Q3 2024 was $718 million, compared to $658 million in Q2 2024 and $787 million in Q3 2023[18] - Diluted earnings per share for Q3 2024 was $2.79, up from $2.54 in Q2 2024 but down from $3.01 in Q3 2023[18] - Net income for the quarter ended September 29, 2024, was $729 million, compared to $664 million in the previous quarter and $792 million in the same period last year[22] - GAAP net income per diluted share for the quarter ended September 29, 2024, was $2.79, compared to $2.54 in the previous quarter and $3.01 in the same period last year[25] - Non-GAAP net income per diluted share for the quarter ended September 29, 2024, was $3.45, compared to $3.20 in the previous quarter and $3.70 in the same period last year[25] Cash Flow and Capital Expenditures - Cash flow from operations was $779 million, with non-GAAP free cash flow of $593 million[3] - Operating cash flow for the quarter ended September 29, 2024, was $779 million, slightly higher than $761 million in the previous quarter but lower than $988 million in the same period last year[22] - Capital expenditures for the quarter ended September 29, 2024, were $186 million, slightly lower than $185 million in the previous quarter and $200 million in the same period last year[22] - Net cash provided by operating activities for September 29, 2024 was $779 million[30] - Non-GAAP free cash flow for September 29, 2024 was $593 million, compared to $577 million for the three months ended June 30, 2024[30] - Trailing twelve month non-GAAP free cash flow as of September 29, 2024 was $2,759 million, representing 21% of Revenue[30] Shareholder Returns and Share Repurchases - Capital return to shareholders in Q3 2024 was $564 million, representing 95% of non-GAAP free cash flow[3] - NXP authorized an additional $2.0 billion for share repurchases, resulting in a $2.64 billion share repurchase balance at the end of Q3 2024[3] Balance Sheet and Financial Position - Total assets as of September 2024 were $23.669 billion, compared to $23.196 billion in June 2024 and $23.996 billion in October 2023[20] - Cash and cash equivalents as of September 2024 were $2.748 billion, down from $2.859 billion in June 2024 and $4.042 billion in October 2023[20] - Long-term debt as of September 2024 was $9.683 billion, slightly up from $9.681 billion in June 2024 but down from $10.173 billion in October 2023[20] - Cash and cash equivalents at the end of the quarter ended September 29, 2024, were $2.748 billion, compared to $2.859 billion in the previous quarter and $4.042 billion in the same period last year[22] Research and Development Expenses - Research and development expenses for Q3 2024 were $577 million, down from $594 million in Q2 2024 and $601 million in Q3 2023[18] Operating Expenses - Total operating expenses for Q3 2024 were $871 million, down from $892 million in Q2 2024 and $966 million in Q3 2023[18] Product Launches and Innovations - NXP launched the Trimension® SR250, the industry's first single-chip UWB solution for Industrial and IoT applications[3] - NXP announced the MC33777, the world's first electric vehicle battery junction box IC[3] - NXP introduced the new i.MX RT700 crossover MCU family for AI-enabled edge devices[3] Other Income and Expenses - GAAP Other income (expense) for September 2024 was $(4) million, while Non-GAAP Other income (expense) was $(1) million[27] - GAAP Results relating to equity-accounted investees for September 29, 2024 was $(6) million, with Non-GAAP Results at $0 million[28] Adjusted EBITDA - Adjusted EBITDA (Non-GAAP) for September 29, 2024 was $1,329 million, compared to $1,243 million for the three months ended June 30, 2024[29] - Trailing twelve month adjusted EBITDA (Non-GAAP) was $5,235 million as of September 29, 2024[29]

NXP Investor Presentation Third Quarter 2024 November 2024 | Public | NXP and the NXP logo are trademarks of NXP B.V. All other product or service names are the property of their respective owners. © 2024 NXP B.V. NXP Investment Thesis Market leader with strong revenue growth Proven financial model with resilient profitability Reliable capital return policy of robust free cash flow 2 | NXP | Public Forward Looking Statements This document includes forward-looking statements which include statements regardin ...

For the quarter ended September 2024, NXP Semiconductors (NXPI) reported revenue of $3.25 billion, down 5.4% over the same period last year. EPS came in at $3.45, compared to $3.70 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.25 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +0.58%, with the consensus EPS estimate being $3.43. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

NXP Semiconductors (NXPI) came out with quarterly earnings of $3.45 per share, beating the Zacks Consensus Estimate of $3.43 per share. This compares to earnings of $3.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.58%. A quarter ago, it was expected that this chipmaker would post earnings of $3.20 per share when it actually produced earnings of $3.20, delivering no surprise.Over the last four quarters, the company has s ...

NXP Semiconductors (NXPI) is scheduled to report third-quarter 2024 results after market close on Nov. 4. NXPI expects third-quarter revenues to be in the range of $3.15-$3.35 billion. The Zacks Consensus Estimate for revenues is pegged at $3.25 billion, indicating a year-over-year decline of 5.3%. For the third quarter, NXP Semiconductors anticipates non-GAAP earnings per share between $3.21 and $3.63. The consensus mark for earnings is pinned at $3.43 per share, which remained unchanged over the past 60 d ...

Wall Street analysts forecast that NXP Semiconductors (NXPI) will report quarterly earnings of $3.43 per share in its upcoming release, pointing to a year-over-year decline of 7.3%. It is anticipated that revenues will amount to $3.25 billion, exhibiting a decline of 5.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initi ...

NXP Semiconductors (NXPI) recently unveiled the Trimension NCJ29Dx family. The product enables handsfree secure car access with precise and secure real-time localization as required by leading premium car manufacturers through smart mobile devices and other Ultra-Wideband (UWB)-based features. The NCJ29Dx family, touted to be the industry's broadest UWB portfolio, will lay the technology base for Audi's advanced new UWB platform. NXPI's Trimension UWB platform enables OEMs to deliver new features for driver ...

Core Developments - NXP Semiconductors has launched the S32J family of high-performance Ethernet switches and network controllers, enhancing the NXP CoreRide platform with features like 80Gbps bandwidth and dual Arm CortexR52 cores [1] - The company introduced the Trimension SR250, a single-chip solution integrating short-range UWB radar and secure ranging, aimed at improving user experiences in IoT applications [2] Strategic Partnerships - NXP has partnered with ZF Friedrichshafen AG to develop SiC-based traction inverter solutions for electric vehicles, integrating its GD316x high-voltage isolated gate drivers [3] - A joint venture with Vanguard International Semiconductor, named VisionPower Semiconductor Manufacturing Company, will establish a 300 mm fab in Singapore, producing 55,000 wafers per month in phase 1 [3] Financial Outlook - NXP plans to invest $2.8 billion from 2024 to 2028, with expectations of generating $4 billion in incremental annual revenues [4] - For Q3 2024, NXP anticipates revenues between $3.15 billion and $3.35 billion, reflecting a year-over-year decline of 5% at the midpoint [8] Market Challenges - The automotive and communication infrastructure markets are facing significant challenges, with expected declines in automotive revenues in the low single digits and mid-20% range for communication infrastructure [5][6] - Weak demand from EV manufacturers in China and extended inventory digestion processes are contributing to a bleak outlook for 2024 [5] Competitive Landscape - NXP is experiencing stiff competition from major semiconductor players like Analog Devices, Semtech, and MACOM Technology Solutions, with year-to-date share performance lagging behind these competitors [7] - The company's stock is currently rated with a Zacks Rank 4 (Sell), indicating a cautious outlook for investors [9]

NXP Semiconductors (NXPI) shares have lost 7.3% in the past month, underperforming the broader Zacks Computer and Technology sector’s return of 0.8% and the Zacks Semi-Analog & Mixed industry’s decline of 2.7%.The underperformance can be attributed to the weakness in the automotive end market due to high level inventory corrections among direct Tier 1 customers. Slowing momentum in the communications infrastructure end market due to broad-based inventory corrections also negatively impacted the performance. ...

NXP Semiconductors' (NXPI) shares have lost 12.2% in a month against the industry, the Zacks Computer & Technology sector and the S&P 500 index's declines of 14.2%, 10% and 5.4%, respectively. The NXPI stock is also currently trading below its 50-day moving average, indicating a bearish trend. The company has been suffering from broad-based inventory digestion by its key customers, which makes its near-term prospects foggy. Due to inventory corrections, it also reported weak second-quarter 2024 results, whe ...