NASDAQ$NXPI

NXP Semiconductors · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

NXP reported Q4 2020 financial results with revenue up 9% year-on-year.

NXP Semiconductors reported a strong rebound in demand in the second half of 2020, with fourth-quarter revenue reaching $2.5 billion, a 9% increase year-on-year. The company experienced particularly strong trends in the Automotive and Mobile end-markets and maintained focused investments in critical R&D programs.

  • Fourth-quarter revenue was $2.5 billion, up 9.0 percent year-on-year.
  • Fourth-quarter GAAP gross margin was 51.4 percent, and GAAP operating margin was 18.5 percent.
  • Fourth-quarter non-GAAP gross margin was 52.9 percent, and non-GAAP operating margin was 30.5 percent.
  • Full-year cash flow from operations was $2,482 million, with net capex investments of $388 million, resulting in non-GAAP free cash flow of $2,094 million.

Headline financials

Total Revenue

$2.51B

Previous: $2.3B+9.0%
EPS (adj)

$2.22

Previous: $1.98+12.1%
Channel Inventory

1.6

Previous: 2.3-30.4%
Capital Expenditures

$104M

Previous: $138M-24.6%
Free Cash Flow

$926M

Previous: $676M+37.0%
Net Income

$320M

Previous: $114M+180.7%
Operating Income

$463M

Previous: $197M+135.0%
Gross Profit

$1.29B

Previous: $1.21B+6.5%
Cash & Equivalents

$2.28B

Previous: $1.05B+117.7%
Total Assets

$19.8B

Previous: $20B-0.8%
Stock-Based Comp

$89M

Previous: $89M+0.0%

Revenue & EPS history

NXP · Revenue · Quarterly

$2.51B

Q4 2020+9%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

NXP · $2.51B total across 4 segments · Q4 2020

  • Automotive
    $1.19B+8.8%
  • Industrial & IoT
    $511M+23.1%
  • Mobile
    $409M+23.2%
  • Comm. Infra & Other
    $394M-13.8%

Forward guidance

NXP provided guidance for the first quarter of 2021, with revenue expected to be between $2.475 billion and $2.625 billion.

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 Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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