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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 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. ....
NXP Semiconductors NV (NXPI) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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