NXP Semiconductors Reports Third Quarter 2023 Results
Guidance for the Fourth Quarter 2023: ($ millions, except Per Share data)
(1)
| |
Guidance Range |
| |
GAAP | |
Reconciliation | |
non-GAAP |
| |
Low | |
Mid | |
High | | | |
Low | |
Mid | |
High |
|
Total Revenue |
$ |
3,300 | | |
$ |
3,400 | | |
$ |
3,500 | | | | |
$ |
3,300 | | |
$ |
3,400 | | |
$ |
3,500 | |
| Q-Q | | -4 | % | | | -1 | % | | | 2 | % | | | | | -4 | % | | | -1 | % | | | 2 | % |
| Y-Y | | — | % | | | 3 | % | | | 6 | % | | | | | — | % | | | 3 | % | | | 6 | % |
|
Gross Profit |
$ |
1,866 | | |
$ |
1,941 | | |
$ |
2,017 | | | $ | (48 | ) | |
$ |
1,914 | | |
$ |
1,989 | | |
$ |
2,065 | |
| Gross Margin | | 56.5 | % | | | 57.1 | % | | | 57.6 | % | | | | | 58.0 | % | | | 58.5 | % | | | 59.0 | % |
|
Operating Income (loss) |
$ |
928 | | |
$ |
993 | | |
$ |
1,059 | | | $ | (211 | ) | |
$ |
1,139 | | |
$ |
1,204 | | |
$ |
1,270 | |
| Operating Margin | | 28.1 | % | | | 29.2 | % | | | 30.3 | % | | | | | 34.5 | % | | | 35.4 | % | | | 36.3 | % |
| Financial Income (expense) | $ | (77 | ) | | $ | (77 | ) | | $ | (77 | ) | | $ | (8 | ) | | $ | (69 | ) | | $ | (69 | ) | | $ | (69 | ) |
| Tax rate | 15.5%-16.5% | | | | 15.5%-16.5% |
| NCI & Other | $ | (9 | ) | | $ | (9 | ) | | $ | (9 | ) | | $ | (3 | ) | | $ | (6 | ) | | $ | (6 | ) | | $ | (6 | ) |
| Shares - diluted | | 260.0 | | | | 260.0 | | | | 260.0 | | | | | | 260.0 | | | | 260.0 | | | | 260.0 | |
|
Earnings Per Share - diluted |
$ |
2.71 | | |
$ |
2.92 | | |
$ |
3.13 | | | | |
$ |
3.44 | | |
$ |
3.65 | | |
$ |
3.86 | |
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