Guidance Range
Low Mid High
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Product Revenue $ 1,189 $ 1,231 $ 1,256
Q-Q -2% 1% 4%
Mfg. & Other Revenue $ 34 $ 34 $ 34
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Total Revenue $ 1,223 $ 1,265 $ 1,290
Q-Q -2% 1% 3%
Non-GAAP Gross Profit $ 594 $ 624 $ 645
Non-GAAP Gross Margin 49% 49% 50%
Non-GAAP Operating Income $ 288 $ 312 $ 332
Non-GAAP Operating Margin 24% 25% 26%
Interest Expense $ 40 $ 40 $ 40
Cash Taxes $ 13 $ 13 $ 13
Non-controlling Interest $ 17 $ 17 $ 17
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Non-GAAP Net Income $ 218 $ 242 $ 262
Ave. Diluted Shares 256 256 256
Non - GAAP EPS $ 0.85 $ 0.95 $ 1.02
Note (1): NXP has based the guidance included in this release on judgments and estimates that management believes are reasonable given its assessment of historical trends and other information reasonably available as of the date of this release. The guidance included in this release consists of predictions only, and is subject to a wide range of known and unknown risks and uncertainties, many of which are beyond NXP's control. The guidance included in this release should not be regarded as representations by NXP that the estimated results will be achieved. Actual results may vary materially from the guidance we provide today. In relation to the use of non-GAAP financial information see the note regarding "Use of Non-GAAP Financial Information" elsewhere in this release. For the factors, risks and uncertainties to which judgments, estimates and forward-looking statements generally are subject see the note regarding "Forward-looking Statements." We undertake no obligation to publicly update or revise any forward-looking statements, including the guidance set forth herein, to reflect future events or circumstances. Considering the uncertain magnitude and variability of the foreign exchange consequences upon "PPA effects", "restructuring costs", "other incidental items" and any interest expense or taxes in future periods, management believes that GAAP financial measures are not available for NXP without unreasonable efforts on a forward looking basis.
Discussion of GAAP to non-GAAP Reconciliations
