EINDHOVEN, The Netherlands, July 22, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) today reported financial results for the second quarter, which ended June 30, 2024. "NXP delivered quarterly revenue of $3.13 billion, consistent with our guidance, with all our focus end-markets performing in-line with our expectations. With our second quarter results and guidance for the third quarter NXP has successfully navigated the cyclical trough in our businesses and we expect to resume sequential gro ...

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 ...

NXP Semiconductors N.V. (NXPI) is leaving no stone unturned to capitalize on growth opportunities present in the electric vehicles (EV) market, which, per a Statista report, is expected to hit $623.3 billion in 2024 and reach $906.7 billion by 2028, indicating a CAGR of 9.8% between 2024 and 2028. In this regard, the company recently collaborated with an e-mobility company, ZF Friedrichshafen AG, to develop Silicon Carbide (SiC)-based traction inverter solutions for EVs. The collaboration aims to create mor ...

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 ...

NXP's high-voltage isolated gate driver family is integrated into ZF's next-generation 800-V SiC-based traction inverter solutions for EVsThe collaboration aims at improving safety, efficiency, range and performance of EVsThe GD316x product family implements a number of features to both protect and unleash the benefits of high-voltage SiC power switches EINDHOVEN, The Netherlands, June 04, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) today announced a collaboration with ZF Friedrichshafen ...

NXP, eleQtron and ParityQC present the first full-stack, ion-trap based quantum computer demonstrator made entirely in GermanyIt was commissioned by the DLR Quantum Computing Initiative (DLR QCI) to expand the quantum expertise of its partners from research and industryDLR will make the demonstrator accessible to industry players and academia to strengthen the quantum ecosystem and boost knowledge around quantum computing HAMBURG, Germany, May 30, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXP ...

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 ...