NXP Semiconductors (NXPI) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this chipmaker have returned +19.9% over the past month versus the Zacks S&P 500 composite's +5% change. The Zacks Semiconductor - Analog and Mixed industry, to which NXP belongs, has gained 13.9% over this period. Now the key question is: Where could the stock be headed in the near ...

Core Viewpoint - NXP Semiconductors N.V. reported first-quarter 2024 non-GAAP earnings of $3.24 per share, exceeding expectations, while revenues of $3.13 billion slightly missed estimates, indicating mixed performance across different market segments [1][2]. Financial Performance - Non-GAAP earnings per share were $3.24, surpassing the Zacks Consensus Estimate by 1.9% and reflecting a year-over-year increase of 1.6% [1] - Revenues totaled $3.13 billion, missing the Zacks Consensus Estimate by 0.02% and showing a slight year-over-year increase of 0.2% [1] - The non-GAAP gross margin was reported at 58.2%, remaining flat year over year [3] - Non-GAAP operating margin was 34.5%, a decrease of 30 basis points from the previous year [3] Revenue Breakdown by End Market - Automotive revenues were $1.804 billion, accounting for 58% of total revenues, with a year-over-year decrease of 1% [2] - Industrial & IoT revenues reached $574 million, representing 18% of total revenues, up 14% year over year [2] - Mobile revenues were $349 million, making up 11% of total revenues, with a significant year-over-year increase of 34% [2] - Communication Infrastructure & Others generated $399 million, 13% of total revenues, down 25% year over year [2] Cash Flow and Balance Sheet - As of March 31, 2024, cash and cash equivalents totaled $3.3 billion, down from $4.27 billion at the end of the previous quarter [4] - Long-term debt was $10.178 billion, slightly up from $10.175 billion in the prior quarter [4] - Cash flow generated in the first quarter was $851 million, down from $1.14 billion in the previous quarter [4] - Free cash flow for the quarter was $627 million, with capital expenditures of $224 million [4] Guidance - For Q2 2024, NXP expects revenues between $3.025 billion and $3.225 billion, indicating a potential year-over-year decline of 5% at the midpoint [5] - The company anticipates non-GAAP gross margin between 58% and 59% and non-GAAP operating margin between 33.1% and 35% [5] - Non-GAAP earnings are projected to be between $3.00 and $3.41 per share, with the consensus estimate at $3.15 [5]

Key PointsNXP Semiconductors struggled in Q1, but results and guidance suggest that its soft-landing approach works.Analysts are leading the market to new highs, which may be reached soon. Cash flow and capital returns aid the outlook for higher share prices. 5 stocks we like better than NXP SemiconductorsNXP Semiconductors NASDAQ: NXPI is trending higher and on track to hit the $300 level. The company’s diversified business, position in the industrial chip market, and pivot back to growth are why. It will ...

NXP Semiconductors N.V. (NASDAQ:NXPI) Q1 2024 Earnings Conference Call April 30, 2024 8:00 AM ET Company Participants Jeff Palmer - SVP, IR Kurt Sievers - President and CEO Bill Betz - CFO Conference Call Participants Vivek Arya - Bank of America Securities Ross Seymore - Deutsche Bank C.J. Muse - Cantor Fitzgerald Chris Danely - Citi Gary Mobley - Wells Fargo Securities Stacy Rasgon - Bernstein Research Joshua Buchalter - TD Cowen Chris Caso - Wolfe Research Operator Hello, and thank you for standing by. W ...

NXP Semiconductors Reports First Quarter 2024 Results EINDHOVEN, The Netherlands, April 29, 2024 – NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the first quarter, which ended March 31, 2024. "NXP delivered quarterly revenue of $3.13 billion, in-line with the midpoint of guidance with all our focus end-markets performing as expected. Our first-quarter results, guidance for the second quarter, and our early views into the second half of the year underpin a cautious optimism that ...

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 March 31, 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) Netherlands 98-1144352 (State or other j ...

Key TakeawaysNXP shares jumped 6% in extended trading Monday after the Dutch-based chipmaker posted quarterly earnings and a current-quarter outlook that came in ahead of estimates. CEO Kurt Sievers said that the chipmaker remains cautiously optimistic about how it’s performing in an industry downturn and a challenging demand environment.Sales in the company’s industrial and IOT segment and mobile device chips unit helped offset weakness in its communications infrastructure and automotive chip businesses in ...

For the quarter ended March 2024, NXP Semiconductors (NXPI) reported revenue of $3.13 billion, up 0.2% over the same period last year. EPS came in at $3.24, compared to $3.19 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.13 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +1.89%, with the consensus EPS estimate being $3.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

NXP Semiconductors (NXPI) came out with quarterly earnings of $3.24 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $3.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.89%. A quarter ago, it was expected that this chipmaker would post earnings of $3.64 per share when it actually produced earnings of $3.71, delivering a surprise of 1.92%.Over the last four quarters, the compa ...

NXP Semiconductors N.V. (NXPI) is slated to report first-quarter 2024 results on Apr 29.NXP Semiconductors expects first-quarter 2024 revenues in the range of $3.025-$3.225 billion, indicating no year-over-year change at the midpoint.The Zacks Consensus Estimate for revenues is currently pegged at $3.13 billion, indicating growth of 0.17% from the year-ago quarter.The company expects first-quarter 2024 non-GAAP earnings in the range of $2.97-$3.38 per share.For the first quarter of 2024, the Zacks Consensus ...