NASDAQ$NXPI
NXP Semiconductors · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
NXP reported first quarter revenue of $2.6 billion, up 27 percent year-on-year. Positive product mix and increased revenue helped deliver excellent operating profit in excess of guidance.
NXP Semiconductors reported strong first-quarter results with revenue of $2.6 billion, a 27% increase year-over-year. The company exceeded its guidance due to positive product mix and increased revenue, leading to excellent operating profit. NXP is optimistic about continued robust growth throughout 2021, driven by long-term demand trends in its end markets.
- First-quarter revenue was $2.6 billion, up 27.0 percent year-on-year.
- First-quarter GAAP gross margin was 52.8 percent, and GAAP operating margin was 19.2 percent.
- First-quarter non-GAAP gross margin was 54.2 percent, and non-GAAP operating margin was 30.9 percent.
- In the first quarter of 2021 NXP returned $1.0 billion to shareholders through previously announced share repurchases and dividend payments.
Headline financials
Revenue & EPS history
NXP · Revenue · Quarterly
$2.57B
Revenue by segment
NXP · $2.57B total across 4 segments · Q1 2021
- Automotive$1.23B+23.6%47.9%
- Industrial & IoT$571M+51.9%22.2%
- Comm. Infra & Other$421M+4.2%16.4%
- Mobile$346M+40.1%13.5%
Forward guidance
NXP provided guidance for the second quarter of 2021, with revenue expected to be in the range of $2.50 billion to $2.64 billion. GAAP gross profit is projected to be between $1.346 billion and $1.439 billion, while GAAP operating income is expected to be between $506 million and $579 million.
Tailwinds
- Total Revenue: $2,500 to $2,640 million, indicating a 38% to 45% year-over-year increase.
- Gross Profit: $1,346 to $1,439 million
- Gross Margin: 53.8% to 54.5%
- Operating Income: $506 to $579 million
- Operating Margin: 20.2% to 21.9%
Headwinds
- Financial Income (expense): $(90) million
- GAAP Gross Profit is expected to include Purchase Price Accounting (“PPA”) effects, $(18) million; Stock Based Compensation, $(12) million; Other Incidentals, $(5) million
- GAAP Operating Income (loss) is expected to include PPA effects, $(159) million; Stock Based Compensation, $(92) million; Restructuring and Other Incidentals, $(11) million
- GAAP Financial Income (expense) is expected to include Other financial expense $(3) million
- Net cash paid for income taxes related to on-going operations is expected to be approximately $(55) million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.1%
Avg return
Earnings day
+2.6%
Avg return
5 days after
+4.5%
Avg return
30 days after
57%
36 / 63 earnings
Positive
+11.4%
Q3 2018
Best reaction
-21.9%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +1.5% | +1.1% | +11.1% | |
| Q1 2026 | -2.2% | +26.2% | +39.5% | |
| Q3 2025 | -4.0% | -5.6% | -12.5% | |
| Q2 2025 | +0.4% | -0.5% | -5.1% | |
| Q1 2025 | -6.9% | -4.1% | -0.2% | |
| Q4 2024 | -1.1% | +4.0% | +4.8% | |
| Q3 2024 | -5.8% | -2.0% | -6.3% | |
| Q2 2024 | -2.6% | -5.8% | -5.6% | |
| Q1 2024 | +5.6% | +6.2% | +12.8% | |
| Q4 2023 | +3.7% | +8.6% | +16.9% | |
| Q3 2023 | +2.3% | +2.8% | +13.4% | |
| Q2 2023 | +3.1% | +4.7% | -5.7% | |
| Q1 2023 | +4.7% | +1.9% | +9.4% | |
| Q4 2022 | +1.5% | +5.2% | -1.5% | |
| Q3 2022 | +0.1% | -0.4% | +15.9% | |
| Q2 2022 | -0.4% | +5.0% | -1.2% | |
| Q1 2022 | +4.2% | +3.9% | +8.0% | |
| Q4 2021 | +9.9% | +4.6% | -0.6% | |
| Q3 2021 | +2.8% | +11.6% | +11.0% | |
| Q2 2021 | +2.0% | +3.6% | +2.5% | |
| Q1 2021 | +0.9% | -4.5% | +2.3% | |
| Q4 2020 | +10.4% | +13.4% | +9.7% | |
| Q3 2020 | -2.9% | -1.5% | +14.9% | |
| Q2 2020 | -0.4% | +1.5% | +10.2% | |
| Q1 2020 | +4.1% | +1.1% | +10.5% | |
| Q4 2019 | +2.9% | +4.3% | -4.4% | |
| Q3 2019 | +8.1% | +11.5% | +10.9% | |
| Q2 2019 | +3.4% | -1.9% | -2.0% | |
| Q1 2019 | +6.7% | +9.2% | -10.0% | |
| Q4 2018 | +0.5% | -1.1% | +3.3% | |
| Q3 2018 | +11.4% | +9.8% | +10.4% | |
| Q2 2018 | -3.5% | -3.1% | -6.5% | |
| Q1 2018 | -11.2% | -5.3% | +9.6% | |
| Q4 2017 | -1.9% | -1.4% | +4.7% | |
| Q3 2017 | -0.1% | -0.1% | -1.8% | |
| Q2 2017 | -0.4% | +1.7% | +1.6% | |
| Q1 2017 | +1.0% | +1.1% | +3.2% | |
| Q4 2016 | +1.2% | +2.2% | +6.1% | |
| Q3 2016 | -1.6% | -0.6% | -1.1% | |
| Q2 2016 | -4.0% | -4.2% | +0.7% | |
| Q1 2016 | +2.7% | — | — | |
| Q4 2015 | +4.7% | — | — | |
| Q3 2015 | -19.2% | — | — | |
| Q2 2015 | +7.5% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | -1.8% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | +2.3% | — | — | |
| Q4 2013 | +5.5% | — | — | |
| Q3 2013 | +6.1% | — | — | |
| Q2 2013 | +5.1% | — | — | |
| Q1 2013 | +5.7% | — | — | |
| Q4 2012 | +2.6% | — | — | |
| Q3 2012 | -4.9% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | +2.3% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q2 2011 | -21.9% | — | — | |
| Q3 2011 | -21.9% | — | — | |
| Q1 2011 | -2.5% | — | — | |
| Q4 2010 | -7.7% | — | — | |
| Q3 2010 | -1.5% | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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