NASDAQ$NXPI

NXP Semiconductors · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

NXP's revenue increased by 9% year-on-year, reaching $3.31 billion, in line with guidance, and non-GAAP free cash flow was $843 million.

NXP Semiconductors reported a strong fourth quarter with revenue of $3.31 billion, a 9% increase year-on-year. The company's automotive business performed well, while consumer IoT and mobile businesses experienced softening demand. NXP is managing distribution channel inventory levels well below long-term targets.

  • Fourth Quarter revenue was $3.31 billion, up 9.0 percent year-on-year.
  • Fourth Quarter GAAP gross margin was 57.1 percent, and GAAP operating margin was 29.6 percent.
  • Fourth Quarter non-GAAP gross margin was 58.0 percent, and non-GAAP operating margin was 36.5 percent.
  • Fourth Quarter cash flow from operations was $1,076 million, with net capex investments of $233 million, resulting in non-GAAP free cash flow of $843 million.

Headline financials

Total Revenue

$3.31B

Previous: $3.04B+9.0%
EPS (adj)

$3.73

Previous: $3.20+16.6%
Gross Financial Leverage

2

No prior period
Net Financial Leverage

1.3

No prior period
Capital Expenditures

$233M

Previous: $266M-12.4%
Free Cash Flow

$843M

Previous: $519M+62.4%
Net Income

$722M

Previous: $610M+18.4%
Operating Income

$980M

Previous: $807M+21.4%
Gross Profit

$1.89B

Previous: $1.71B+10.8%
Cash & Equivalents

$3.85B

Previous: $2.83B+35.9%
Total Assets

$23.2B

Previous: $20.9B+11.4%
Stock-Based Comp

$97M

Previous: $88M+10.2%

Revenue & EPS history

NXP · Revenue · Quarterly

$3.31B

Q4 2022+9%vs Q4 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

NXP · $3.31B total across 4 segments · Q4 2022

  • Automotive
    $1.81B+16.7%
  • Industrial & IoT
    $605M-8.5%
  • Comm. Infra & Other
    $494M+8.1%
  • Mobile
    $408M+9.1%

Forward guidance

NXP Semiconductors anticipates first quarter 2023 revenue to be in the range of $2.90 billion to $3.10 billion.

Headwinds

  • Total Revenue Q-Q -12% to -6%
  • Total Revenue Y-Y -8% to -1%
  • Gross Margin 56.3% to 57.4%
  • Operating Margin 26.1% to 28.5%
  • Earnings Per Share - diluted $2.12 to $2.51

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 2022

Historical avgQ4 2022

+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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