NXP Semiconductors Reports Third Quarter 2020 Results
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NXP Semiconductors (NXPI) Reports 3Q Revenues Beat; Offers 4Q Revenue Guidance Above Consensus
October 26, 2020 5:04 PM EDTNXP Semiconductors (NASDAQ: NXPI) reported Q3 EPS of ($0.08), $1.61 worse than the analyst estimate of $1.53. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.23 billion.
Key Highlights
Third-quarter revenue was $2.3 billion, up 0.1 percent year-on-year;Third-quarter GAAP gross margin was 48.1 percent, and GAAP operating margin was 1.4 percent;Third-quarter non-GAAP gross margin was 50.1 percent, and non-GAAP operating margin was 25.8 percent;Third-quarter cash flow from operations was $527 million, with net capex investments of $68 million, resulting in non-GAAP... More