AI English summary of an SEC filing — figures as filed
The company said revenue for Q2 2024 (ended June 30) was $3.13 billion, down 5% year on year. GAAP gross margin was 57.3%, and non-GAAP gross margin was 58.6%.
Key points
AI summaryThe company said revenue for Q2 2024 (ended June 30) was $3.13 billion, down 5% year on year. GAAP gross margin was 57.3%, and non-GAAP gross margin was 58.6%.
NXP said it posted a GAAP operating margin of 28.7% and a non-GAAP operating margin of 34.3% for Q2. GAAP diluted earnings per share were $2.54, and non-GAAP diluted earnings per share were $3.20.
The company said non-GAAP free cash flow was $577 million for Q2, based on cash flow from operations of $761 million less net capital expenditures of $(184) million. In the same quarter, it returned a total of $570 million to shareholders through cash dividends of $260 million and share repurchases of $310 million.
The company gave revenue guidance of $3,150 million to $3,350 million for Q3 2024, and non-GAAP diluted earnings per share guidance of $3.21 to $3.63. It said this is an outlook, and actual results may differ significantly.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q2 2024 Revenue and Gross Margin
The company said revenue for Q2 2024 (ended June 30) was $3.13 billion, down 5% year on year. GAAP gross margin was 57.3%, and non-GAAP gross margin was 58.6%.
Source · Based on the filing body and exhibits
Q2 Operating Margin and Diluted EPS
NXP said it posted a GAAP operating margin of 28.7% and a non-GAAP operating margin of 34.3% for Q2. GAAP diluted earnings per share were $2.54, and non-GAAP diluted earnings per share were $3.20.
Source · Based on the filing body and exhibits
Q2 Free Cash Flow and Shareholder Returns
The company said non-GAAP free cash flow was $577 million for Q2, based on cash flow from operations of $761 million less net capital expenditures of $(184) million. In the same quarter, it returned a total of $570 million to shareholders through cash dividends of $260 million and share repurchases of $310 million.
Source · Based on the filing body and exhibits
Q3 2024 Company Outlook
The company gave revenue guidance of $3,150 million to $3,350 million for Q3 2024, and non-GAAP diluted earnings per share guidance of $3.21 to $3.63. It said this is an outlook, and actual results may differ significantly.
Source · Based on the filing body and exhibits
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.
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