NXP SEMICONDUCTORS N.V Reports Third Quarter Earnings for FY2023
November 28, 2023
🌥️Earnings Overview
On November 7 2023, NXP SEMICONDUCTORS N.V ($NASDAQ:NXPI) announced their earnings results for the third quarter of FY2023, which ended on September 30 2023. Total revenue for the quarter amounted to USD 3434.0 million, a marginal decrease of 0.3% compared to the same quarter last year. Net income for the quarter reported a growth of 6.6% from the prior year, reaching USD 787.0 million.
Share Price
The company’s stock opened at $178.2 in the morning and closed at $185.8, up by 1.6% from the previous day’s closing price of $182.8. In addition to its quarterly earnings, NXP SEMICONDUCTORS N.V announced plans for a new joint venture (JV) with China-based Neoway Technology Co., Ltd., to create a new semiconductor company, dubbed Neoway Semiconductor Co., Ltd. The JV will focus on expanding NXP’s presence in the Chinese market with a focus on automotive solutions and digital services.
NXP SEMICONDUCTORS N.V has been able to post strong results amid challenging market conditions due to its diversified product portfolio and innovative solutions for the automotive, industrial and consumer markets. The company also continues to make strategic investments to expand its presence and technology capabilities into new markets and applications. 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 |
| 13.17k | 2.82k | 21.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NXPI. More…
| Operations | Investing | Financing |
| 3.45k | -1.15k | -2.02k |
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 |
| 24k | 15.2k | 33.03 |
Key Ratios Snapshot
Some of the financial key ratios for NXPI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.1% | 354.1% | 29.1% |
| FCF Margin | ROE | ROA |
| 18.2% | 28.8% | 10.0% |
Analysis
At GoodWhale, we have conducted an analysis of NXP Semiconductors N.V’s fundamentals. Based on our Star Chart, we find that the company is strong in dividend, growth, profitability, but weak in asset. We also calculate that NXP SEMICONDUCTORS N.V has a high health score of 8/10, indicating that they are capable to pay off debt and fund future operations. Additionally, we classify NXP SEMICONDUCTORS N.V as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Given these findings, we believe that the company may be of interest to value investors, who prioritize low-risk investments and favor long-term stability over short-term gains. Furthermore, dividend investors may also find the company attractive due to its strong dividend yields. 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 their third-quarter earnings results for FY2023, with total revenue coming in at USD 3434.0 million, a slight decrease of 0.3% from the same period last year. The company reported a net income of USD 787.0 million, representing an increase of 6.6% compared to same time last year. Investors should take note of the mixed performance of the company in the third quarter, as the slight decrease in revenue was offset by the increase in net income. They should also consider the overall positive trend for the company this year, as the yearly performance has been better than last year.
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