NXP SEMICONDUCTORS N.V Reports Strong Second Quarter Earnings for Fiscal Year 2023
July 27, 2023
☀️Earnings Overview
NXP ($NASDAQ:NXPI) Semiconductors N.V. reported a total revenue of USD 3299.0 million for the second quarter of Fiscal Year 2023, which ended on June 30 2023. This was a decline of 0.4% compared to the same period in the previous year. Net income, however, rose by 4.2%, amounting to a total of USD 698.0 million, in comparison to the same quarter in the previous Fiscal Year.
Share Price
On Tuesday, NXP Semiconductors N.V. reported strong second quarter earnings for the fiscal year 2023, sending its stock soaring. The company opened at $219.0 and closed at $219.9, a 4.3% jump from the previous closing price of 210.9. The impressive financials were driven by strong demand in the automotive and industrial markets. Going forward, the company is expected to continue its success as it continues to benefit from strong demand in its core markets. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NXPI. More…
| Total Revenues | Net Income | Net Margin |
| 13.18k | 2.77k | 21.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NXPI. More…
| Operations | Investing | Financing |
| 3.61k | -1.24k | -2.05k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NXPI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.8k | 15.32k | 31.46 |
Key Ratios Snapshot
Some of the financial key ratios for NXPI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.2% | 157.2% | 29.0% |
| FCF Margin | ROE | ROA |
| 18.7% | 29.6% | 10.0% |
Analysis
We at GoodWhale have analyzed NXP SEMICONDUCTORS N.V’s financials and have given it a Risk Rating of “Medium”. This means that it is a potentially sound investment in terms of financial and business aspects. However, we have also detected 2 risk warnings in the balance sheet that you should be aware of – these can be seen if you sign up for our registered user account. We strongly recommend taking these warnings into consideration before you invest in NXP SEMICONDUCTORS N.V. More…
Peers
NXP Semiconductors NV is a leading semiconductor company that offers a wide range of products and services. The company has a strong presence in the automotive, industrial, and consumer markets. NXP Semiconductors NV is a major competitor of STMicroelectronics NV, ON Semiconductor Corp, and Analog Devices Inc.
– STMicroelectronics NV ($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
Investors reacted positively to NXP Semiconductors N.V’s second quarter results for its fiscal year 2023, ending June 30, 2023. Total revenue for the quarter was USD 3299 million, a slight decrease of 0.4% compared to the same period last year.
However, net income was USD 698 million, a 4.2% increase from the same period in the previous year. This led to a jump in the stock price on the same day, showcasing investor confidence in the company’s financial performance and prospects. Overall, NXP Semiconductors N.V remains an attractive investment option with its resilient results and potential for future growth.
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