NXP Semiconductors Reports Second Quarter 2024 Results

For further information, please contact:
  
Investors:Media:
Jeff PalmerPaige Iven
jeff.palmer@nxp.compaige.iven@nxp.com
+1 408 205 0687 +1 817 975 0602
  

NXP-CORP


NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)

($ in millions except share data) Three months ended
  June 30, 2024  March 31, 2024  July 2, 2023
      
Revenue $ 3,127   $ 3,126   $ 3,299 
Cost of revenue (1,335)  (1,343)  (1,418)
Gross profit  1,792    1,783    1,881 
Research and development (594)  (564)  (589)
Selling, general and administrative (270)  (306)  (274)
Amortization of acquisition-related intangible assets (28 )     (51 )     (81 )
Total operating expenses   (892 )     (921 )     (944 )
Other income (expense)   (4 )     (6 )      
Operating income (loss)   896       856       937  
Financial income (expense):          
Extinguishment of debt                
Other financial income (expense)   (75 )     (70 )     (74 )
Income (loss) before income taxes   821       786       863  
Benefit (provision) for income taxes   (154 )     (141 )     (158 )
Results relating to equity-accounted investees   (3 )     (1 )     (1 )
Net income (loss)   664       644       704  
Less: Net income (loss) attributable to non-controlling interests   6       5       6  
Net income (loss) attributable to stockholders   658       639       698  
           
Earnings per share data:          
Net income (loss) per common share attributable to stockholders in $
Basic $ 2.58     $ 2.49     $ 2.69  
Diluted $ 2.54     $ 2.47     $ 2.67  
           
Weighted average number of shares of common stock outstanding during the period (in thousands):
Basic   255,478       256,567       259,160  
Diluted   258,732       258,954       261,303  
           

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