$NXPI (+0,47%) | NXP Semiconductors Q3'24 Earnings Highlights:
๐น Revenue: $3.25B (Est. $3.36B) ๐ด; DOWN -5% YoY
๐น Adj EPS: $3.45 (Est. $3.42) ๐
๐น Adj Gross Margin: 58.2%
Q4'24 Guidance:
๐น Revenue: $3.00B - $3.20B (Est. $3.36B) ๐ด; DOWN -12% to -6% YoY
๐น Adj EPS: $2.93 - $3.33 (Est. $3.62) ๐ด
๐น Adj Gross Margin: 57.0% - 58.0% (Est. 58.6%) ๐ด
๐น Adj Operating Margin: 33.1% - 35.0% (Est. 35.7%) ๐ด
Segment Performance:
๐น Automotive: $1.83B; DOWN -3% YoY
๐น Industrial & IoT: $563M; DOWN -7% YoY
๐น Mobile: $407M; UP +8% YoY
๐น Communications Infrastructure & Other: $451M; DOWN -19% YoY
Key Financial Metrics:
๐น Adj Operating Income: $1.15B; DOWN -4.2% YoY
๐น Free Cash Flow: $593M; DOWN -25% YoY
๐น Gross Margin: 57.4% vs. 57.2% YoY
๐น Adjusted Operating Margin: 35.5% vs. 35.0% YoY
๐น R&D Expenses: $577M; DOWN -4% YoY
๐น Inventory: $2.23B; UP +4.4% YoY
๐น Capital Expenditure: $186M; DOWN -7% YoY
Operational Highlights:
๐ธ Commenced construction of ESMC semiconductor fab in Dresden, Germany
๐ธ Formed VSMC manufacturing joint venture with Vanguard International
๐ธ Introduced Trimension SR250, first single-chip UWB solution for Industrial/IoT
๐ธ Launched MC33777 battery junction box IC for electric vehicles
๐ธ Announced new http://i.MX RT700 crossover MCU family for AI-enabled edge devices
CEO Kurt Sieversโ Commentary:
ย ๐ธ "Despite achieving $3.25 billion in quarterly revenue, consistent with our guidance, we faced macroeconomic challenges, notably in the Industrial & IoT market. Our Q4 guidance reflects broad-based macro weakness, particularly in Europe and the Americas."