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NXP Semiconductors N V (NASDAQ:NXPI) Q1 2024 Earnings Call Transcript

NXP Semiconductors (NXPI) Q1 2024 Earnings Call Transcript

NXP Semiconductors jumps as guidance, Q1 results exceed expectations

NXP Semiconductors jumps as guidance, Q1 results exceed expectations
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Chipmaker NXP delivers mixed Q2 earnings as supply chain problems persist

Chipmaker NXP delivers mixed earnings as supply chain problems persist SHARE Dutch chipmaker NXP Semiconductors N.V. posted mixed second-quarter financial results today, missing on earnings by some distance despite a strong performance from its automotive chip segment. The company reported earnings before certain costs such as stock compensation of $1.42 per share on revenue of $2.6 billion, up 43% from a year ago. Analysts had called for much stronger earnings of $2.31 per share, though they were looking for lower revenue of $2.58 billion. Despite the earnings miss, NXP’s stock was up just over 1% in after-hours trading. In a statement, NXP President and Chief Executive Kurt Sievers (pictured) said ongoing supply chain problems were the reason for the earnings miss. But he stressed he’s positive about long-term demand trends across all of the company’s markets.

NXP Semiconductor s automotive, industrial & IoT and mobile chips all see double-digit growth

SHARE Dutch chipmaker NXP Semiconductors N.V. only just beat expectations on revenue but fell some way short on earnings as it delivered its first-quarter financial results today. The company reported a profit before certain costs such as stock compensation of $1.25 per share on revenue of $2.567 billion, up 27% from one year ago. Wall Street had been looking for a profit of $2.21 per share on revenue of $2.56 billion. NXP Chief Executive Kurt Sievers (pictured) noted however that a “positive product mix” and the increased revenue from a year ago helped the company deliver an operating profit that was “in excess of our guidance.”

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