NXP Semiconductors (Nasdaq: NXPI) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 1 (Q2), NXP Semiconductors beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped to a loss.
Gross margins grew, operating margins improved, net margins dropped.
Revenue details
NXP Semiconductors notched revenue of $1.09 billion. The eight analysts polled by S&P Capital IQ expected a top line of $1.05 billion on the same basis. GAAP reported sales were 2.4% lower than the prior-year quarter's $1.12 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.45. The nine earnings estimates compiled by S&P Capital IQ predicted $0.40 per share. GAAP EPS were -$0.36 for Q2 against $0.33 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 49.2%, 170 basis points better than the prior-year quarter. Operating margin was 13.8%, 100 basis points better than the prior-year quarter. Net margin was -8.2%, 1,570 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.15 billion. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $4.37 billion. The average EPS estimate is $1.76.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 569 members out of 577 rating the stock outperform, and eight members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 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 $30.29.
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