NXP said quarter-on-quarter revenue for the quarter ended September 29, 2024 rose 3.9% to $3,250 million and fell 5.4% year on year. GAAP gross margin was 57.4% and GAAP operating margin was 30.5%.

1. 01

   NXP said quarter-on-quarter revenue for the quarter ended September 29, 2024 rose 3.9% to $3,250 million and fell 5.4% year on year. GAAP gross margin was 57.4% and GAAP operating margin was 30.5%.

2. 02

   The company said Mobile end-market revenue rose 8.0% year on year to $407 million, while Communication Infrastructure & Other fell 19.3% to $451 million. Automotive declined 3.3% to $1,829 million.

3. 03

   NXP said it acquired a stake of 40% in VSMC on September 4, 2024 and had invested $140 million of its $1,600 million equity investment as of Q3. It added that it committed to contribute an additional $1,200 million and expects to pay it through 2026.

4. 04

   NXP said operating cash flow for Q3 was $779 million, net capital expenditures were $186 million, and non-GAAP free cash flow was $593 million. The company also returned $564 million to shareholders in the same quarter, consisting of $259 million in cash dividends and $305 million in share repurchases.

Key figures

Quarter ended September 29, 2024

Revenue

$3.3B

Operating income

$990M

Net income

$718M

EPS

$2.79

Gross profit

$1.9B

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

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