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Revenue was $3.14 billion, up 22.2% year-on-year, while GAAP gross margin was 56.7% and GAAP operating margin was 27.8%.
May 4, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
NXP Semiconductors N.V. reported financial results for the first quarter, ended April 3, 2022. “NXP delivered record quarterly revenue of $3.14 billion, an increase of 22% year-on-year and above the mid-point of our guidance range. The strong growth we have anticipated for 2022 is materializing. We continue to see robust customer demand, especially our company-specific accelerated growth drivers. Overall, demand continues to outstrip increased supply, and inventory across all end markets rema...
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