Seeking Alpha

NXP up sharply on Q4 beat

  • NXP (NXPI +5.7%) is up strongly after beating Q4 estimates. Q1 guidance (revenue of $1.21B-$1.25B and EPS of $0.84-$0.96) is in-line with a consensus of $1.23B and $0.89.
  • Q4 gross margin was 49%, up from 46% a year earlier and in-line with guidance. NXP is forecasting a 48%-49% gross margin for seasonally weak Q1.
  • NXP's 17% Y/Y rev. growth was fueled by a 50% increase in portable/computing chip sales to $159M (boosted by sales of M7 motion co-processors to Apple), a 21% increase in automotive chip sales to $275M, and a 20% increase in industrial/infrastructure chip sales to $194M.
  • Identification chip sales (inc. NFC chips) rose 13% to $329M, and sales of standard products (analog chips) rose just 2%.
  • CC transcript
This was corrected on 02/06/2014 at 04:56 PM.
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Comments (3)
  • John1970
    , contributor
    Comments (2) | Send Message
     
    Guidance is 0.84-0.96. So midpoint is above consensus. Check the press release.
    6 Feb 2014, 04:40 PM Reply Like
  • John1970
    , contributor
    Comments (2) | Send Message
     
    Guidance eps Q1 2014 is 0.84-0.96. So midpoint is above consensus.
    So no shrugging off, it's just not soft. Conf. call gave some insights in growth to come too.
    6 Feb 2014, 04:40 PM Reply Like
  • User 6107251
    , contributor
    Comment (1) | Send Message
     
    You are only citing the product revenue. The real revenue guide was 1.230bn.
    6 Feb 2014, 04:40 PM Reply Like
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