UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-34841 NXP Semiconductors N.V. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

NXP Semiconductors (NXPI) reported $3.13 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 5.2%. EPS of $3.20 for the same period compares to $3.43 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.13 billion, representing a surprise of +0.04%. The company has not delivered EPS surprise, with the consensus EPS estimate being $3.20. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Core Viewpoint - NXP Semiconductors reported second-quarter 2024 financial results, achieving revenue of $3.13 billion, which aligns with guidance, indicating resilience in a challenging demand environment and expectations for sequential growth in the upcoming quarter [1][2]. Financial Performance - Revenue for Q2 2024 was $3.13 billion, a decrease of 5% year-on-year [2][3]. - GAAP gross margin was 57.3%, while non-GAAP gross margin was 58.6% [2][3]. - GAAP operating margin stood at 28.7%, with non-GAAP operating margin at 34.3% [2][3]. - GAAP diluted net income per share was $2.54, and non-GAAP diluted net income per share was $3.20 [4][5]. - Cash flow from operations was $761 million, with non-GAAP free cash flow of $577 million [2][3]. Capital Return and Investments - NXP executed a capital return policy, paying $260 million in cash dividends and repurchasing $310 million of common shares, totaling $570 million, which represents 99% of the non-GAAP free cash flow for the quarter [2][3]. - Over the trailing twelve months, capital return to shareholders amounted to $2.4 billion, or 81% of non-GAAP free cash flow [2]. Strategic Developments - NXP announced the launch of the 5nm S32N55 processor, aimed at automotive applications [2]. - A collaboration with ZF Friedrichshafen AG was established to develop next-generation SiC-based traction inverter solutions for electric vehicles [2]. - NXP and Vanguard International Semiconductor Corp. plan to create a joint venture for a new 300mm semiconductor wafer manufacturing facility in Singapore, targeting automotive and industrial markets [2]. Guidance for Q3 2024 - NXP provided guidance for Q3 2024, projecting total revenue between $3.15 billion and $3.35 billion, with expectations of a sequential increase of 1% to 7% [6]. - The guidance reflects a year-on-year decline of 2% to 8% [6].

NXP Semiconductors (NXPI) closed at $271.40 in the latest trading session, marking a +0.05% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.03%.The the stock of chipmaker has fallen by 0.84% in the past month, lagging the Computer and Technology sector's gain of 8.7% and the S&P 500's gain of 3.34%.The investment community will be closely monitoring the perf ...

NXP Semiconductors N.V. (NASDAQ:NXPI) NASDAQ Investor Conference Conference Call June 11, 2024 4:00 AM ET Company Participants Kurt Sievers - President & CEO Bill Betz - CFO Conference Call Participants Blayne Curtis - Jefferies Blayne Curtis Go ahead and get started. And I'm Blayne Curtis, recently joined Jefferies, covering U.S. Semiconductor, Semi Cap Equipment. I've known NXP for a very long time. Very happy to have Kurt Sievers, the President and CEO; as well as Bill Betz, who's the CFO. Welcome both o ...

NXP Semiconductors (NXPI) closed the latest trading day at $276.85, indicating a +1.82% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.35%.The the stock of chipmaker has risen by 3.88% in the past month, lagging the Computer and Technology sector's gain of 6.38% and overreaching the S&P 500's gain of 3.25%.Investors will be eagerly watching for the performance of NXP Semiconductors in its upco ...

Core Insights - NXP Semiconductors is strategically focusing on the electric vehicle (EV) market, which is projected to grow from $623.3 billion in 2024 to $906.7 billion by 2028, reflecting a compound annual growth rate (CAGR) of 9.8% [1] - The company has partnered with ZF Friedrichshafen AG to develop Silicon Carbide (SiC)-based traction inverter solutions aimed at enhancing the safety, efficiency, and performance of EVs [1] - NXP's shares have outperformed competitors ON Semiconductor and Microchip Technology, with a year-to-date increase of 20.5% compared to ON's decline of 10.8% and Microchip's gain of 5.6% [3] Company Developments - The collaboration with ZF Friedrichshafen is part of NXP's broader strategy to strengthen its presence in the automotive sector [5] - NXP has launched the S32 CoreRide platform, which integrates various technologies to simplify vehicle architecture development for automakers [5] - The company has also expanded its automotive radar one-chip family with the SAF86xx, enhancing capabilities for advanced driver-assistance systems (ADAS) [5] Financial Outlook - For Q2 2024, NXP expects revenues between $3.025 billion and $3.225 billion, indicating a year-over-year decline of approximately 5% at the midpoint [6] - The consensus estimate for Q2 2024 revenues is $3.13 billion, reflecting a year-over-year decline of 5.3% [7] - Non-GAAP earnings are anticipated to be between $3.00 and $3.41 per share, with a consensus estimate of $3.20 per share, indicating a year-over-year decline of 6.7% [7]

HSINCHU, Taiwan and EINDHOVEN, The Netherlands, June 05, 2024 (GLOBE NEWSWIRE) -- Vanguard International Semiconductor Corporation ("VIS", TPEx 5347) and NXP Semiconductors N.V. (("NXP", NASDAQ:NXPI) today announce the plan to create a manufacturing joint-venture VisionPower Semiconductor Manufacturing Company Pte Ltd ("VSMC") which will build a new 300mm semiconductor wafer manufacturing facility in Singapore. The joint-venture fab will support 130nm to 40nm mixed-signal, power management and analog produc ...

Core Insights - NXP Semiconductors has announced a collaboration with ZF Friedrichshafen AG to develop next-generation SiC-based traction inverter solutions for electric vehicles, aiming to enhance safety, efficiency, range, and performance of EVs [1][2][4] Company Collaboration - The partnership between NXP and ZF is a significant advancement in the electrification of the automotive industry, focusing on creating safer, sustainable, and energy-efficient electric vehicles [2] - ZF's expertise in motor control and power electronics, combined with NXP's GD316x gate driver family, will lead to higher power and volume density, efficiency, and differentiation in their SiC-based traction inverters [2] Product Features - The GD316x family of high-voltage isolated gate drivers includes programmable control, diagnostic, monitoring, and protection features, optimized for automotive traction inverter applications [3] - These gate drivers reduce Electromagnetic Compatibility (EMC) noise and switching energy losses, enhancing overall efficiency [3] Market Impact - The collaboration is expected to accelerate the adoption of 800-V and SiC power devices, which will extend EV range and reduce charging stops while lowering system-level costs for OEMs [1][2] - ZF's traction inverters, powered by NXP's GD316x product family, are already operational in the market [4] Company Overview - NXP Semiconductors reported a revenue of $13.28 billion in 2023 and operates in over 30 countries, providing innovative solutions across various markets including automotive [7]

Core Insights - The first full-stack, ion-trap based quantum computer demonstrator has been developed entirely in Germany by NXP Semiconductors, eleQtron, and ParityQC, under the DLR Quantum Computing Initiative [1][3] - This demonstrator aims to provide early access to quantum computing resources for companies and research teams, facilitating advancements in various applications such as climate modeling and logistics [1][2] - The DLR QCI is focused on creating a robust quantum computing ecosystem that fosters collaboration between industry, economy, and science to maximize the potential of quantum technology [2][4] Company Contributions - NXP Semiconductors combines its chip design expertise with eleQtron's MAGIC hardware and ParityQC's architecture to create the quantum computer demonstrator [3] - The demonstrator will evolve into a more powerful and industry-ready quantum computer with features like modular architecture and error correction capabilities [3] - The collaboration aims to enhance Germany's digital sovereignty and strengthen its position in the global quantum computing landscape [4][6] Strategic Importance - The demonstrator is located at the DLR QCI Innovation Center in Hamburg, reinforcing the city's role as a key technology and research hub in Germany [1][4] - The initiative is part of broader efforts by Germany and the European Union to establish a strong foothold in critical technology areas, particularly quantum computing [4][6] - The DLR QCI aims to enable industry partners and research teams to run quantum algorithms on real ion trap qubits, providing hands-on experience in a production environment [6]