- NXP Semiconductors (NASDAQ:NXPI) +5.4% reports upside Q3 revenue of $2.3B (-7% Y/Y) and beats EPS estimates by $0.12. The in-line Q4 guidance sees revenue of $2.24-2.3B (consensus: $2.27B) and operating income of $670-702M (consensus: $699.1M).
- Revenue breakdown: Auto, $1.05B (-7% Y/Y) Industrial & IoT, $426M (-14%); Mobile, $321M (+2%); Comm. Infrastructure & Other, $470M (-2%).
- Gross margin was 53.7%, matching the consensus and slightly above last year's 53%. Operating margin was 30.3%.
- Cash flow from operations came in at $746M. FCF totaled $631M in the quarter.
- Earnings call starts at 8 AM ET tomorrow morning with a webcast here.
- Press release.