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NXP Semiconductors Reports 2Q 2019 Results

NXP reported that revenue was $2.2 billion, down 3% year-on-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

NXP Semiconductors N.V. reported financial results for the second quarter of 2019, ended June 30, 2019.   NXP reported that revenue was $2.2 billion, down 3% year-on-year. GAAP gross margin was 51.9%, and GAAP operating margin was 7.1%. Non-GAAP gross margin was 53.3%, and non-GAAP operating margin was 28.9%. Cash flow from operations was $517 million, with net capex investments of $106 million, resulting in non-GAAP free cash flow of $411 million.   On May 29, 2019, NXP announced it had en...

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