Sector: Technology|Industry: Semiconductors|Market Cap: $53.45B|Employees: 34.2K
NXP Semiconductors N.V. is a global semiconductor company providing solutions in cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital (mixed A/D), power management, digital signal processing and embedded system design. The company's products are used in automotive, industrial & IoT, mobile, and communication infrastructure. NXP engages with leading global original equipment manufacturers (OEMs) and sells products in all major geographic regions.
Q3 2024 revenue was $3.25 billion, a 5.4% decrease compared to $3.434 billion in Q3 2023, indicating a slowdown in demand. This is in line with management's expectations.
The company maintained a strong gross margin at 57.4%, but the GAAP operating margin was 30.5% in Q3 2024. This indicates some pressure on profitability despite the relatively high gross margin.
The company generated $779 million in cash from operations and a free cash flow of $593 million in Q3 2024, after accounting for capital expenditures of $186 million. This demonstrates strong cash generation capabilities.