08.03.21
NXP Semiconductors N.V. reported financial results for the second quarter 2021, ended July 4, 2021.
Revenue was $2.6 billion in 2Q 2021, up 42.9% year-on-year, while GAAP gross margin was 54.8%, and GAAP operating margin was 22.1%.
Cash flow from operations was $636 million, with net capex investments of $150 million, resulting in non-GAAP free cash flow of $486 million.
"NXP delivered second-quarter revenue of $2.6 billion, an increase of 43% versus the year-ago period, and better than the mid-point of our guidance. We continue to be very positive about the long-term demand trends across all our end markets, and while the supply environment will remain challenging in the near term we have taken actions to increase supply which underpin our confidence to drive very robust growth for the remainder of 2021, as well as into 2022,” said Kurt Sievers, NXP president and CEO.
Revenue was $2.6 billion in 2Q 2021, up 42.9% year-on-year, while GAAP gross margin was 54.8%, and GAAP operating margin was 22.1%.
Cash flow from operations was $636 million, with net capex investments of $150 million, resulting in non-GAAP free cash flow of $486 million.
"NXP delivered second-quarter revenue of $2.6 billion, an increase of 43% versus the year-ago period, and better than the mid-point of our guidance. We continue to be very positive about the long-term demand trends across all our end markets, and while the supply environment will remain challenging in the near term we have taken actions to increase supply which underpin our confidence to drive very robust growth for the remainder of 2021, as well as into 2022,” said Kurt Sievers, NXP president and CEO.