EINDHOVEN, The Netherlands — NXP Semiconductors (NASDAQ: NXPI) released its financial results for Q2 2024, which ended on June 30, 2024.

NXP Semiconductors Reports Q2 2024 Financial Results-Chargerlab

Key Financial Highlights:

Revenue: Total revenue for the quarter was $3.13 billion, a 5% year-over-year decline.

GAAP Metrics:

Gross margin: 57.3%

Operating margin: 28.7%

Diluted Net Income per Share: $2.54

Non-GAAP Metrics:

Gross margin: 58.6%

Operating margin: 34.3%

Diluted Net Income per Share: $3.20

Cash Flow:

Cash flow from operations reached $761 million.

Non-GAAP free cash flow stood at $577 million after $184 million in capital expenditures.

Capital Return: NXP returned $570 million to shareholders through dividends ($260 million) and share repurchases ($310 million), representing 99% of its non-GAAP free cash flow.

Business Segment Performance:

Automotive: Revenue decreased 7% YoY to $1.73 billion.

Industrial & IoT: Up 7% YoY, reaching $616 million.

Mobile: Grew 21% YoY, totaling $345 million.

Communications Infrastructure & Other: Declined by 23% YoY to $438 million.

Guidance for Q3 2024: NXP projects revenues between $3.15 billion and $3.35 billion, with expectations of sequential growth of up to 7%.

NXP continues to navigate market challenges with a focus on resilient profitability.

Warm reminder: The above information is for reference only and not as market entry advice; investment is risky and caution is required when entering the market.