NXP Semiconductors N.V.

Latest Results (07.08.2024):

Total Revenue

NXP Semiconductors N.V. reported total revenue of $3,127 million for the second quarter of 2024, which remained flat compared to the first quarter of 2024 but showed a 5% decrease year-over-year from the second quarter of 2023.

Gross Profit

The GAAP gross profit for NXP Semiconductors N.V. in Q2 2024 was $1,792 million, reflecting a slight increase of 1% from Q1 2024 but a 5% decrease from Q2 2023. The non-GAAP gross profit was $1,833 million, also showing a 1% increase quarter-over-quarter and a 5% decrease year-over-year.

Operating Income

NXP Semiconductors N.V. reported a GAAP operating income of $896 million for the second quarter of 2024, which is a 5% increase from the first quarter of 2024 but a 4% decrease compared to the second quarter of 2023. The non-GAAP operating income was $1,071 million, showing a slight decrease of 1% quarter-over-quarter and a 7% decrease year-over-year.

Net Income

The GAAP net income attributable to stockholders for NXP Semiconductors N.V. in Q2 2024 was $658 million, up from $639 million in Q1 2024 but down from $698 million in Q2 2023. The non-GAAP net income was $829 million, compared to $840 million in the previous quarter and $896 million in the same quarter last year.

Segment Performance

In the second quarter of 2024, NXP Semiconductors N.V.'s Automotive segment generated $1,728 million in revenue, a 4% decrease from Q1 2024 and a 7% decrease year-over-year. The Industrial & IoT segment saw a 7% increase both quarter-over-quarter and year-over-year, with revenue reaching $616 million. The Mobile segment reported $345 million in revenue, a slight 1% decrease from the previous quarter but a 21% increase year-over-year. The Communication Infrastructure & Other segment generated $438 million, marking a 10% increase from Q1 2024 but a 23% decrease from Q2 2023.