Flexible Electronics News

NXP Semiconductors Reports 3Q 2020 Results

Third-quarter revenue was $2.3 billion, up 0.1% year-on-year, with third-quarter cash flow from operations of $527 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

NXP Semiconductors N.V. reported financial results for the third quarter 2020, ended Sept. 27, 2020.   Third-quarter revenue was $2.3 billion, up 0.1% year-on-year. Third-quarter GAAP gross margin was 48.1%, and GAAP operating margin was 1.4%. Third-quarter cash flow from operations was $527 million, with net capex investments of $68 million, resulting in non-GAAP free cash flow of $459 million.   “Consistent with our pre-announcement on Oct. 8, our third quarter results were significant...

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