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Revenue was $3.3 billion, down 0.4% year-on-year, while GAAP gross margin was 57% and non-GAAP free cash flow was $556 million.
July 25, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
NXP Semiconductors N.V. reported financial results for the second quarter, ended July 2, 2023. “NXP delivered quarterly revenue of $3.3 billion at the high end of guidance, with revenue trends in all our focus end-markets performing better than anticipated. Our first-half results and guidance for the third quarter underpin our confidence that NXP is successfully navigating through the cyclical downturn in our consumer-exposed businesses. At the same time, we see continued strength in our auto...
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