NXP Semiconductors (Nasdaq: NXPI ) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), NXP Semiconductors met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank significantly.
Gross margins contracted, operating margins grew, net margins dropped.
NXP Semiconductors tallied revenue of $1.17 billion. The 11 analysts polled by S&P Capital IQ expected revenue of $1.17 billion on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $1.06 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.56. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.56 per share. GAAP EPS of $0.45 for Q3 were 63% lower than the prior-year quarter's $1.21 per share. (The prior-year quarter included $1.70 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.8%, 110 basis points worse than the prior-year quarter. Operating margin was 12.6%, 150 basis points better than the prior-year quarter. Net margin was 9.8%, 1,860 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.16 billion. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $4.41 billion. The average EPS estimate is $1.77.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 617 members out of 624 rating the stock outperform, and seven members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give NXP Semiconductors a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NXP Semiconductors is outperform, with an average price target of $29.56.
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