NXP SEMICONDUCTORS N.V Reports Q2 FY2023 Financial Results
August 12, 2023
🌥️Earnings Overview
For the second quarter of FY2023, NXP SEMICONDUCTORS N.V ($NASDAQ:NXPI). reported total revenue of USD 3299.0 million, a slight decrease of 0.4% compared to the same quarter from the year prior. Despite this, net income experienced a year over year growth of 4.2%, amounting to USD 698.0 million for the quarter ending June 30 2023.
Share Price
NXP SEMICONDUCTORS N.V reported its financial results for the second quarter of FY2023 on Tuesday. The stock opened at $219.0 and closed at $219.9, marking a 4.3% increase from its previous closing price of $210.9. The strong financial performance this quarter can be attributed to a number of factors, including NXP’s continued focus on innovation and research & development, as well as its stringent cost management practices. The company also benefited from the strong demand for its products from both OEMs and consumers alike.
In addition, NXP’s strong presence in the IoT space helped to drive up revenue for the quarter as well. Overall, this quarter’s financial results demonstrate the strength and resilience of NXP SEMICONDUCTORS N.V., as it continues to deliver exceptional returns for its shareholders. With the company’s long-term strategy firmly in place, investors can expect to see continued growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NXPI. More…
| Total Revenues | Net Income | Net Margin |
| 13.18k | 2.77k | 21.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NXPI. More…
| Operations | Investing | Financing |
| 3.61k | -1.24k | -2.05k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NXPI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.8k | 15.32k | 31.7 |
Key Ratios Snapshot
Some of the financial key ratios for NXPI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.2% | 157.2% | 29.0% |
| FCF Margin | ROE | ROA |
| 18.7% | 29.6% | 10.0% |
Analysis
At GoodWhale, we recently conducted an analysis of NXP SEMICONDUCTORS N.V.’s wellbeing. Our Risk Rating showed that this company is a high risk investment in terms of its financial and business aspects. We have detected two risk warnings in NXP SEMICONDUCTORS N.V.’s balance sheet that are Non-Financial in nature. To learn more about these risks and how they may affect your investments, become a registered user and check out our findings. More…
Peers
NXP Semiconductors NV is a leading semiconductor company that offers a wide range of products and services. The company has a strong presence in the automotive, industrial, and consumer markets. NXP Semiconductors NV is a major competitor of STMicroelectronics NV, ON Semiconductor Corp, and Analog Devices Inc.
– STMicroelectronics NV ($OTCPK:STMEF)
STMicroelectronics NV is a global semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor products, including integrated circuits, discrete devices and microelectronic components. The company has a market cap of 29.33B as of 2022 and a Return on Equity of 20.91%. STMicroelectronics NV is a leading provider of semiconductor solutions for a wide range of applications, including automotive, computing, consumer, industrial, networking, power and security. The company’s products are used in a variety of end-markets, including automotive, computing, consumer, industrial, networking, power and security.
– ON Semiconductor Corp ($NASDAQ:ON)
NXP Semiconductors N.V. is a holding company, which engages in the provision of semiconductor solutions that enable secure connections for a smarter world. It operates through the following segments: High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. The HPMS segment offers radio frequency power amplifiers, low noise amplifiers, filters, power management and protection devices, audio and voice processing devices, data management devices, and microcontrollers. The SP segment provides logic, analog, and power devices. The Corporate and Other segment comprises of activities of the group that cannot be allocated to the reportable segments. The company was founded by Frans van Houten and Klaas P.L. Wildeboer on August 6, 2006 and is headquartered in Eindhoven, Netherlands.
– Analog Devices Inc ($NASDAQ:ADI)
Analog Devices Inc. is a technology company that manufactures and sells semiconductor products. The company has a market cap of $72.69B as of 2022 and a return on equity of 3.56%. Analog Devices Inc. designs, manufactures, and markets a range of products used in various end markets, including automotive, communications, computing, consumer, industrial, medical, and military/aerospace.
Summary
NXP Semiconductors N.V reported strong financial results for the second quarter of FY2023, with total revenue of USD 3299.0 million and net income of USD 698.0 million, both showing slight year-over-year decreases of 0.4% and 4.2% respectively. This was mainly driven by higher sales in its automotive and industrial segments. Investors responded positively to the earnings report, sending the stock price up on the day of the announcement. Analysts view the company as a solid long-term investment, citing its strong balance sheet and its ability to quickly adapt to changing market conditions as key strengths.
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