The chart below shows how NXPI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NXPI sees a -1.18% change in stock price 10 days leading up to the earnings, and a +3.59% change 10 days following the report. On the earnings day itself, the stock moves by +0.36%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue Performance: NXP delivered quarterly revenue of $3.25 billion in line with our overall guidance of down 5% year-on-year and up 4% sequentially.
Operating Margin Improvement: Non-GAAP operating margin in quarter three was 35.5%, 50 basis points above the year-ago period and 40 basis points above the midpoint of our guidance.
Non-GAAP Gross Profit Analysis: We generated $1.89 billion in non-GAAP gross profit and reported a non-GAAP gross margin of 58.2%, down 30 basis points year-on-year and 30 basis points below the midpoint of our guidance due to product mix.
Earnings Per Share Beat: We delivered non-GAAP earnings per share of $3.45, slightly ahead of our midpoint guidance of $3.42.
Dividends and Share Repurchases: During Q3, we paid $259 million in cash dividends and repurchased $305 million of our shares.
Negative
Quarterly Revenue Decline: NXP delivered quarterly revenue of $3.25 billion, down 5% year-on-year and down about 5% sequentially.
Operating Margin Decline: Non-GAAP operating margin in quarter three was 35.5%, down 30 basis points year-on-year and 40 basis points below the mid-point of guidance.
Industrial & IoT Revenue Decline: Revenue in the industrial & IoT segment was $563 million, down 7% versus the year-ago period and below guidance range.
Automotive Revenue Decline: In automotive, revenue was $1.83 billion, down 3% versus the year-ago period and in line with guidance range, indicating weakness in demand.
Fourth Quarter Revenue Guidance: We are guiding fourth quarter revenue to $3.1 billion, down about 9% versus the fourth quarter of 2023, and down about 5% sequentially.
NXP Semiconductors N.V. (NXPI) Q3 2024 Earnings Call Transcript
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