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NXP Semiconductors Reports Second Quarter 2023 Results

NXP Q2 up 43% y-o-y

NXP Q2 up 43% y-o-y NXP had Q2 revenue of $2.6 billion, an increase of 43% on Q2 2020. ‘We continue to be very positive about the long-term demand trends across all our end markets, and while the supply environment will remain challenging in the near term we have taken actions to increase supply which underpin our confidence to drive very robust growth for the remainder of 2021, as well as into 2022,” says CEO Kurt Sievers (pictured). GAAP gross margin was 54.8 percent, and GAAP operating margin was 22.1 percent; Non-GAAP gross margin was 56.1 percent, and non-GAAP operating margin was 32.0 percent; Cash flow from operations was $636 million, with net capex investments of $150 million, resulting in non-GAAP free cash flow of $486 million.

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