NXP Semiconductors Reports First Quarter 2023 Results
Guidance for the Second Quarter 2023: ($ millions, except Per Share data)
(1)
| |
Guidance Range |
| |
GAAP | |
Reconciliation | |
non-GAAP |
| |
Low | |
Mid | |
High | | | |
Low | |
Mid | |
High |
|
Total Revenue |
$ |
3,100 | | |
$ |
3,200 | | |
$ |
3,300 | | | | |
$ |
3,100 | | |
$ |
3,200 | | |
$ |
3,300 | |
| Q-Q | | -1 | % | | | 3 | % | | | 6 | % | | | | | -1 | % | | | 3 | % | | | 6 | % |
| Y-Y | | -6 | % | | | -3 | % | | | — | % | | | | | -6 | % | | | -3 | % | | | — | % |
|
Gross Profit |
$ |
1,741 | | |
$ |
1,816 | | |
$ |
1,891 | | | $ | (47 | ) | |
$ |
1,788 | | |
$ |
1,863 | | |
$ |
1,938 | |
| Gross Margin | | 56.2 | % | | | 56.8 | % | | | 57.3 | % | | | | | 57.7 | % | | | 58.2 | % | | | 58.7 | % |
|
Operating Income (loss) |
$ |
819 | | |
$ |
884 | | |
$ |
949 | | | $ | (219 | ) | |
$ |
1,038 | | |
$ |
1,103 | | |
$ |
1,168 | |
| Operating Margin | | 26.4 | % | | | 27.6 | % | | | 28.8 | % | | | | | 33.5 | % | | | 34.5 | % | | | 35.4 | % |
| Financial Income (expense) | $ | (73 | ) | | $ | (73 | ) | | $ | (73 | ) | | $ | (4 | ) | | $ | (69 | ) | | $ | (69 | ) | | $ | (69 | ) |
| Tax rate | 16.5%-17.5% | | | | 16.0%-17.0% |
| NCI & Other | $ | (10 | ) | | $ | (10 | ) | | $ | (10 | ) | | $ | (3 | ) | | $ | (7 | ) | | $ | (7 | ) | | $ | (7 | ) |
| Shares - diluted | | 261.2 | | | | 261.2 | | | | 261.2 | | | | | | 261.2 | | | | 261.2 | | | | 261.2 | |
|
Earnings Per Share - diluted |
$ |
2.33 | | |
$ |
2.54 | | |
$ |
2.75 | | | | |
$ |
3.07 | | |
$ |
3.28 | | |
$ |
3.49 | |
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