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Revenue was $3.43 billion, down 0.3% year-on-year, while cash flow from operations was $988 million.
November 7, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
NXP Semiconductors N.V. reported financial results for the third quarter, ended Oct. 1, 2023. Revenue was $3.43 billion, down 0.3% year-on-year. GAAP gross margin was 57.2%, and GAAP operating margin was 28.9%. Cash flow from operations was $988 million, with net capex investments of $200 million, resulting in non-GAAP free cash flow of $788 million. “NXP delivered quarterly revenue of $3.43 billion, $34 million above the midpoint of guidance. Revenue trends in our Mobile, Industrial &...
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