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AI English summary of an SEC filing — figures as filed

NXP Semiconductors logoNXP Semiconductors NXPI

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%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. 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%.

  2. 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.

  3. 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.

  4. 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-written

Analysis 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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.