NXP Semiconductors N.V.

NXPI

Equity

ISIN NL0009538784 / Valor 11569795

NASDAQ (2024-09-18)

USD 231.51-0.46%

NXP Semiconductors N.V.
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About company

NXP Semiconductors N.V. is a global technology company that specializes in providing secure connectivity solutions for embedded applications in a range of sectors including automotive, industrial, mobile, and smart cities. The company, which operates in over 30 countries and employs approximately 34,000 people, focuses on addressing complex challenges related to autonomy, connectivity, and electrification in vehicles, as well as supporting scalable communication networks through 5G-connected, edge computing technologies. Additionally, NXP offers simplified machine learning solutions for industry 4.0 applications, and innovative IoT solutions for smart homes and cities, aiming to enhance daily life through devices that can sense, think, connect, and act intelligently. Under the leadership of President and CEO Kurt Sievers, NXP emphasizes the development of technologies that enable safer and more secure interactions in an increasingly digital world, with a commitment to quality and innovation at the forefront of its operations.

Summarized from source with an LLMView SourceSector: Technology

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.

Summarized from source with an LLMView Source

Key figures

16.2%1Y

10.6%3Y

115%5Y

Performance

34.9%1Y

38.4%3Y

43.5%5Y

Volatility