Tue, Jul 23, 10:09 AM (46 days ago)
NXP Semiconductors N.V. reported Q2 2024 revenue of $3.1 billion, a 5.2% year-over-year decline. Gross profit was $1.79 billion (57.3% margin), slightly down from $1.88 billion (57.0% margin) in Q2 2023. Operating income was $896 million (28.7% margin), compared to $937 million (28.4% margin) in Q2 2023. Net income attributable to stockholders was $658 million, down from $698 million in Q2 2023. Cash flow from operations was $761 million, with non-GAAP free cash flow of $577 million. The company returned $570 million to shareholders through dividends and share repurchases. The balance sheet showed a decrease in cash to $2.86 billion, primarily due to debt repayment. NXP's future outlook includes managing uncertainties related to market demand, supply chain disruptions, and global economic conditions.