Guidance for the Fourth Quarter 2015: ($ millions) (1)
| Q3 2015 | Q4 2015 Guidance Range | ||||||
| Automotive | $ | 308 | Down in the high-single to low double digit range | ||||
| Secure Identification Solutions | $ | 269 | Down in the low double to mid-teens range | ||||
| Secure Connected Devices | $ | 317 | Down in the high-single to low double digit range | ||||
| Secure Interfaces and Power | $ | 270 | Down in the high-twenty to low-thirty percent range | ||||
| High Performance Mixed Signal (HPMS) | $ | 1,164 | Down in the mid- teens percent range | ||||
| Standard Products (STDP) | $ | 325 | Down in the low double to mid-teens range | ||||
| Corporate & Other | $ | 33 | ~ $25 million | ||||
| Total Revenue | $ | 1,522 | Down in the low to upper-teens range | ||||
| Non-GAAP Gross Margin | 49.1 | % | 49% +/- 50bps | ||||
| Non-GAAP Operating Expenses | $ | 303 | $310M +/- $5M | ||||
Note (1): NXP has based the guidance included in this release on judgments and estimates that management believes are reasonable given its assessment of historical trends and other information reasonably available as of the date of this release. Please note:
- The guidance included in this release only relates to the existing NXP business. Additionally, due to the anticipated timing of the merger with Freescale Semiconductor and the divestment of NXP's RF Power business, the actual results of the combined group are expected to be substantially different from the results of the existing NXP business.
- The guidance included in this release consists of predictions only, and is subject to a wide range of known and unknown risks and uncertainties, many of which are beyond NXP's control. The guidance included in this release should not be regarded as representations by NXP that the estimated results will be achieved. Actual results may vary materially from the guidance we provide today. In relation to the use of non-GAAP financial information see the note regarding "Use of Non-GAAP Financial Information" elsewhere in this release. For the factors, risks and uncertainties to which judgments, estimates and forward-looking statements generally are subject see the note regarding "Forward-looking Statements."
- We undertake no obligation to publicly update or revise any forward-looking statements, including the guidance set forth herein, to reflect future events or circumstances. Considering the uncertain magnitude and variability of the foreign exchange consequences upon "PPA effects", "restructuring costs", "other incidental items" and any interest expense or taxes in future periods, management believes that GAAP financial measures are not available for NXP without unreasonable efforts on a forward looking basis.
