On Tuesday, June 30, 2024, NXP said quarterly revenue was $3,127 million, down $172 million (5.2%) from $3,299 million a year earlier, in line with management's expectations. GAAP gross margin was 57.3%.

1. 01

   On Tuesday, June 30, 2024, NXP said quarterly revenue was $3,127 million, down $172 million (5.2%) from $3,299 million a year earlier, in line with management's expectations. GAAP gross margin was 57.3%.

2. 02

   The company said year-over-year Automotive revenue fell $1,728 million (7.4%), and Communication Infrastructure & Other revenue fell $438 million (23.3%). Industrial & IoT rose $616 million (6.6%), and Mobile rose $345 million (21.5%).

3. 03

   The company said cash flow from operations for Q2 was $761 million, net capital expenditures were $184 million, and non-GAAP free cash flow was $577 million. In the same quarter, it returned $570 million to shareholders, consisting of $260 million in dividends and $310 million in share repurchases.

4. 04

   The company said it repaid in cash the 4.875% senior unsecured notes, with an aggregate principal amount of $1 billion, when they matured on March 1, 2024. As of June 30, 2024, cash was $2,859 million, total debt was $10,180 million, and net debt was $6,921 million.

Key figures

Quarter ended June 30, 2024

Revenue

$3.1B

Operating income

$896M

Net income

$658M

EPS

$2.54

Gross profit

$1.8B

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.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.