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 ...

NXP Semiconductors (NXPI) comes up with the new S32J family of high-performance safe and secure Ethernet switches and network controllers, thus extending the recently unveiled NXP CoreRide platform.S32J shares a common switch core with NXP S32 processing devices to accelerate software reuse and simplify network configuration and integration.The S32J provides 80Gbps bandwidth with ports ranging from 10Mb to 10Gb, and powerful dual Arm Cortex-R52 cores to address a wide variety of requirements of new vehicle ...

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 ...

Inventory Management and Supply Chain Strategy - The company recognized the cyclical peak in Q3 2022 and decided to limit inventory in distribution channels to 1.6 months, below the normal target of 2.5 months, to manage volatility [3] - In the direct automotive business, the company adjusted its approach by limiting shipments to customers with high inventory levels, focusing on design awards and pricing adjustments instead of forcing inventory [3][6] - Automotive customers have varying inventory preferences post-pandemic, with some aiming for 10-12 weeks and others as low as 2 weeks, reflecting differing financial conditions and strategic goals [8][10] - The company delayed refilling distribution channels due to slower inventory burn-off rates in automotive and weak demand in industrial and IoT sectors, pushing the timeline to 2025 [19][20] Automotive and Radar Business - The radar business is expected to grow from $600 million in 2021 to $1-1.1 billion in 2024, driven by a portfolio of products including 28-nanometer RF CMOS solutions [26] - The 28-nanometer RF CMOS radar solution integrates the processor and transceiver into a single chip, offering lower power consumption, smaller size, and cost-effectiveness for automotive OEMs [26] - The company is expanding its radar footprint with multiple design wins across tier-one customers in North America and Europe [30] Software-Defined Vehicles (SDV) - The company is a key player in SDV, with its S32 processor family generating $300 million in revenue in 2021 and expected to reach $600 million in 2024, driven by domain and zonal processors [32] - SDV represents a TAM expansion opportunity, with incremental content ranging from $5-$7 for microcontrollers to $50 for vehicle computers, depending on the architecture and OEM requirements [34][35] - The first SDV-enabled cars with NXP's 5-nanometer vehicle computers are expected to launch in model year 2026 or 2027 [32] EV and Hybrid Market Position - The company is agnostic between pure EVs and hybrids, with content per vehicle ranging from $60 for hybrids to $120 for pure EVs, driven by its Battery Management Systems (BMS) [37] - Despite concerns about EV adoption in the US, China remains a strong market, with EV sales projected to grow by 20% in 2024, accounting for 40% of the global xEV market [39] Vanguard Joint Venture and Capacity Expansion - The Vanguard JV will provide 55,000 wafers per month in phase one, with a second phase adding 45,000 wafers, addressing $4 billion in incremental revenue opportunities by 2027-2029 [41][42] - The JV is expected to deliver a 200-basis-point gross margin benefit starting in 2029, driven by the transition to 300-millimeter wafers and cost efficiencies [42] - The facility will also serve as a long-term solution for migrating production from aging 200-millimeter fabs to 300-millimeter technology [42]

NXP Semiconductors N.V. (NASDAQ:NXPI) KBCM 2024 Technology Leadership Forum August 6, 2024 11:00 AM ET Company Participants Jeff Palmer - SVP, IR Conference Call Participants John Vinh - KeyBanc Capital Markets John Vinh Great. Good morning, everybody. My name is John Vinh. I cover semis here at KeyBanc Capital Markets, and we're pleased to have NXP with us. We have Jeff Palmer, Vice President of Investor Relations. Welcome, Jeff. Jeff Palmer Thanks, John. Nice to see you. Great to be here again. John Vinh ...