04.30.20
NXP Semiconductors N.V. reported financial results for the first quarter 2020, ended March 29, 2020.
First-quarter revenue was $2 billion, down 3% year-on-year. First-quarter GAAP gross margin was 49.3%, and GAAP operating margin was 3.4%. First-quarter cash flow from operations was $0.51 billion, with net capex investments of $143 million, resulting in non-GAAP free cash flow of $0.37 billion.
“Consistent with our preannouncement on April 7, 2020, NXP delivered first quarter revenue of $2.02 billion, a 3% decline from the year ago period,” said NXP CEO Richard Clemmer. “During this period of widespread societal disruption, our focus continues to be the long-term health and safety of all our NXP team members, and on assuring the utmost support for our customers and partners. From a business perspective, we currently find ourselves navigating a challenging and very fluid environment. Notwithstanding the current challenges, NXP continues to have the financial strength, the product portfolio and customer engagements to emerge strongly from the current unpredictable environment.”
First-quarter revenue was $2 billion, down 3% year-on-year. First-quarter GAAP gross margin was 49.3%, and GAAP operating margin was 3.4%. First-quarter cash flow from operations was $0.51 billion, with net capex investments of $143 million, resulting in non-GAAP free cash flow of $0.37 billion.
“Consistent with our preannouncement on April 7, 2020, NXP delivered first quarter revenue of $2.02 billion, a 3% decline from the year ago period,” said NXP CEO Richard Clemmer. “During this period of widespread societal disruption, our focus continues to be the long-term health and safety of all our NXP team members, and on assuring the utmost support for our customers and partners. From a business perspective, we currently find ourselves navigating a challenging and very fluid environment. Notwithstanding the current challenges, NXP continues to have the financial strength, the product portfolio and customer engagements to emerge strongly from the current unpredictable environment.”