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]

Key Points Industry/Company - **Company**: NXP Semiconductors N.V. (NASDAQ:NXPI) - **Industry**: Semiconductor, Automotive, Communication Infrastructure Core Points and Arguments - **Handling the Cycle**: NXP managed the cycle with stability by maintaining lean channel inventory and working with direct customers to manage inventory levels. - **Growth Confidence**: Confidence in second half growth comes from direct customer digestion processes, company-specific ramps, and improved distribution trends in China. - **Channel Refill**: Channel refill will be methodical, starting at 1.7 months in Q2 and potentially increasing in Q3 and Q4, but not reaching 2.5 months in 2024. - **Inventory Management**: Inventory levels are expected to remain around 144 days of inventory on the balance sheet, with a focus on maintaining low inventory levels and high inventory turnover. - **Software-Defined Vehicle**: NXP is excited about the software-defined vehicle trend, with a focus on S32 core ride family and its compatibility across various processing levels. - **Content Expansion**: NXP's content expansion in the software-defined vehicle includes radar, electrification, and S32 family products. - **Competitive Environment**: NXP sees Renesas as the primary competitor in the S32 family, with Infineon and ST focusing on zonal players. Microchip and TI are not considered direct competitors. - **China Market**: NXP is working with local fabs and partners to ensure a secure supply chain in China, while maintaining a competitive cost structure. - **Gross Margins**: Gross margins are expected to remain at the high end of the current model, with tailwinds from distribution channel refill, improved utilization rates, and expansion into mass market distribution. - **Pricing**: Pricing is expected to remain neutral in 2024, with potential for low single-digit annual price declines in 2025 and beyond. - **Capital Allocation**: Capital allocation strategy focuses on returning excess free cash flow to shareholders through dividends and share buybacks. Other Important Points - **Direct Customer Relationships**: NXP is working closely with OEMs and engineers to develop software-defined vehicle solutions. - **R&D Resources**: NXP is investing in software engineers and computer science engineers to support the software-defined vehicle trend. - **Manufacturing**: NXP is exploring joint ventures and partnerships for external manufacturing, with a focus on maintaining a competitive cost structure. - **IP Protection**: NXP is taking steps to protect intellectual property during manufacturing in China, including working with trusted fabs and partners.

It has been about a month since the last earnings report for NXP Semiconductors (NXPI) . Shares have added about 9.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is NXP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. NXP Semiconductors Q1 Earnings Beat EstimatesN ...

Investment Rating - The report does not explicitly state an investment rating for NXP Semiconductors Core Views - NXP Semiconductors reported Q1 FY2024 revenue of $3.126 billion, a year-over-year increase of 0.16% but a quarter-over-quarter decline of 8.65%, aligning with market expectations [2][3][8] - The company anticipates Q2 FY2024 revenue to be between $3.025 billion and $3.225 billion, representing a year-over-year decline of 8% to 2% and a quarter-over-quarter change of -3% to +3% [15][17] Summary by Sections Overall Revenue Situation - For Q1 FY2024, NXP achieved revenue of $3.126 billion, with a Non-GAAP gross margin of 58.2%, slightly above the guidance midpoint of 58.0% [3][8][10] - Non-GAAP net profit was $840 million, exceeding market expectations of $823 million [3][8] Business Progress - Automotive revenue was $1.804 billion, down 1% year-over-year and down 5% quarter-over-quarter, accounting for 57.71% of total revenue [13][21] - Industrial & IoT revenue reached $574 million, up 14% year-over-year but down 13% quarter-over-quarter, representing 18.36% of total revenue [13][21] - Mobile revenue was $349 million, up 34% year-over-year but down 14% quarter-over-quarter, making up 11.16% of total revenue [13][21] - Communication & Other revenue was $399 million, down 25% year-over-year and down 12% quarter-over-quarter, accounting for 12.76% of total revenue [13][21] Capital Expenditure - Capital expenditure for Q1 FY2024 was $224 million, representing 7% of revenue [11][23] Inventory - Channel inventory days at the end of Q1 FY2024 were approximately 1.6 months, below the long-term target of 2.5 months; the company's own inventory days increased to 144 days [12][24] Q2 Company Guidance - NXP expects Q2 FY2024 Non-GAAP revenue to be between $3.025 billion and $3.225 billion, with a Non-GAAP gross margin of 58%-59% [15][17] - The company anticipates a year-over-year decline in automotive revenue, while industrial and IoT revenue is expected to grow [17][22] Mid to Long-term Outlook - NXP projects a compound annual growth rate (CAGR) of 8% to 12% from 2021 to 2024, with automotive business CAGR expected to be between 9% and 14% [18][22]