The company said revenue for the quarter ended March 31, 2024 was $3,126 million, a decrease of $296 million or 8.6% from the quarter ended December 31, 2023 at $3,422 million, in line with its expectations.

10-QQuarterly reportFiled Apr 30, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said revenue for the quarter ended March 31, 2024 was $3,126 million, a decrease of $296 million or 8.6% from the quarter ended December 31, 2023 at $3,422 million, in line with its expectations.
NXP said revenue for the same quarter increased $5 million or 0.2% from $3,121 million a year earlier. The company said Mobile rose 34.2%, Industrial & IoT rose 13.9%, Automotive fell 1.3%, and Communication Infrastructure & Other fell 24.6%.
The company said cash flow from operations for Q1 2024 was $851 million, and non-GAAP free cash flow, which reflects net capital expenditures of $224 million, was $627 million. It returned $564 million to shareholders in the quarter, consisting of $261 million in dividends and $303 million in share repurchases.
NXP said it fully retired its 4.875% senior unsecured notes, with an aggregate principal amount of $1 billion, at maturity on March 1, 2024 using available balance sheet cash. The company said total debt fell $997 million, from $11,175 million as of December 31, 2023 to $10,178 million as of March 31, 2024.

Key figures

Quarter ended March 31, 2024

Revenue: $3.1B
Operating income: $856M
Net income: $639M
EPS: $2.47
Gross profit: $1.8B
Operating cash flow: $851M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

NXP Quarterly Revenue of $3,126 million in Q1 2024, Down 8.6% Sequentially

The company said revenue for the quarter ended March 31, 2024 was $3,126 million, a decrease of $296 million or 8.6% from the quarter ended December 31, 2023 at $3,422 million, in line with its expectations.

Source · Based on the MD&A text of the filing

Revenue Up 0.2% Year on Year, Mixed Performance Across End Markets

NXP said revenue for the same quarter increased $5 million or 0.2% from $3,121 million a year earlier. The company said Mobile rose 34.2%, Industrial & IoT rose 13.9%, Automotive fell 1.3%, and Communication Infrastructure & Other fell 24.6%.

Source · Based on the MD&A text of the filing

Operating Cash Flow of $851 million, Free Cash Flow of $627 million

The company said cash flow from operations for Q1 2024 was $851 million, and non-GAAP free cash flow, which reflects net capital expenditures of $224 million, was $627 million. It returned $564 million to shareholders in the quarter, consisting of $261 million in dividends and $303 million in share repurchases.

Source · Based on the MD&A text of the filing

Full Repayment of 4.875% Senior Unsecured Notes Totaling $1 billion at Maturity

NXP said it fully retired its 4.875% senior unsecured notes, with an aggregate principal amount of $1 billion, at maturity on March 1, 2024 using available balance sheet cash. The company said total debt fell $997 million, from $11,175 million as of December 31, 2023 to $10,178 million as of March 31, 2024.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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