NASDAQ$NXPI
NXP Semiconductors · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
NXP's revenue was consistent with guidance, with all focus end-markets performing in-line with expectations and successfully navigated the cyclical trough.
NXP Semiconductors reported Q2 2024 revenue of $3.13 billion, a 5% decrease year-over-year. The company's GAAP gross margin was 57.3%, with a GAAP operating margin of 28.7%, resulting in a GAAP diluted net income per share of $2.54. NXP anticipates resuming sequential growth and continues to manage profitability in a challenging demand environment.
- Revenue was $3.13 billion, down 5% year-on-year.
- GAAP gross margin was 57.3%, GAAP operating margin was 28.7% and GAAP diluted Net Income per Share was $2.54.
- Non-GAAP gross margin was 58.6%, non-GAAP operating margin was 34.3%, and non-GAAP diluted Net Income per Share was $3.20.
- Cash flow from operations was $761 million, with net capex investments of $(184) million, resulting in non-GAAP free cash flow of $577 million.
Headline financials
Revenue & EPS history
NXP · Revenue · Quarterly
$3.13B
Revenue by segment
NXP · $3.43B total across 4 segments · Q3 2023
- Automotive$1.89B+4.8%55.1%
- Industrial & IoT$607M-14.9%17.7%
- Comm. Infra & Other$559M+7.9%16.3%
- Mobile$377M-8.0%11.0%
Forward guidance
NXP projects revenue between $3.15 billion and $3.35 billion for Q3 2024. The company expects a GAAP gross margin between 57.0% and 58.0% and an operating margin between 28.8% and 30.9%.
Tailwinds
- Total Revenue between $3,150 and $3,350 million
- Gross Profit between $1,794 and $1,944 million
- Gross Margin between 57.0% and 58.0%
- Operating Income between $906 and $1,036 million
- Operating Margin between 28.8% and 30.9%
Headwinds
- Year-over-year Total Revenue decrease between -8% and -2%
- GAAP Gross Profit is expected to include Purchase Price Accounting (“PPA”) effects, $(12) million
- Share-based Compensation, $(15) million
- Other Incidentals, $(6) million
- GAAP Operating Income (loss) is expected to include PPA effects, $(42) 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 Q2 2024
+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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