The earnings call reflected a mix of achievements and challenges. While there was significant growth in the Chinese market and improvements in operating margins, these were overshadowed by declines in key segments such as Industrial and IoT, and Automotive, along with a reduced revenue outlook for Q4 due to macroeconomic pressures. The cautious management of inventory and the efficient return to shareholders were positive notes, but the overall sentiment leans towards negative due to the broader market weaknesses and reduced future guidance.

Company Guidance

During the NXP Semiconductors Q3 2024 earnings call, the company provided guidance for the upcoming quarter, highlighting several key metrics. NXP anticipates Q4 revenue to be approximately $3.1 billion, representing a 9% year-on-year decrease and a 5% sequential decline. Channel inventory is expected to remain flat at 1.9 months, or 8 weeks, as the company responds to increased macroeconomic weakness, particularly in the industrial and IoT sectors. Automotive revenue is projected to decline in the high single-digit percent range compared to Q4 2023 and in the mid-single-digit range sequentially. Industrial and IoT revenue is expected to drop by 20% year-on-year. Mobile revenue is anticipated to decline in the low single-digit percent range both year-on-year and sequentially, while communication infrastructure and other segments are forecasted to fall in the mid-single-digit range. Non-GAAP gross margin is expected to be about 57.5%, with non-GAAP operating margin guidance at 34.1%. NXP remains cautious due to broader macroeconomic uncertainties, particularly in Europe and North America, but continues to focus on long-term strategic investments in the automotive and industrial IoT markets.

Quarterly Revenue Achievements

NXP delivered quarterly revenue of $3.25 billion, in line with guidance, showing a 4% sequential increase despite a 5% year-on-year decrease.

Non-GAAP Operating Margin Improvement

Non-GAAP operating margin in Q3 was 35.5%, up 50 basis points year-on-year and 40 basis points above the midpoint of guidance.

Strong Performance in China

Sequential growth was led by China, with healthy growth in the China and Asia Pacific automotive end market.

High Return to Shareholders

Returned $564 million to shareholders, representing 95% of non-GAAP free cash flow, with an increase in buyback capacity authorized by the board.

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NXP Semiconductors (DE:VNX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:VNX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 1.44	1.449	-0.73% (-0.01)	―	―
Oct 31, 2018	2018 (Q3)	- / 1.93	1.777	8.60% (+0.15)	―	―
Feb 07, 2019	2018 (Q4)	- / 2.05	1.886	8.72% (+0.16)	―	―
Apr 29, 2019	2019 (Q1)	- / 1.57	1.491	5.48% (+0.08)	―	―
Jul 30, 2019	2019 (Q2)	- / 1.82	1.438	26.80% (+0.39)	―	―
Oct 28, 2019	2019 (Q3)	- / 1.94	1.93	0.45% (<+0.01)	―	―
Feb 03, 2020	2019 (Q4)	- / 1.97	2.05	-3.89% (-0.08)	―	―
Apr 27, 2020	2020 (Q1)	- / 1.42	1.573	-9.66% (-0.15)	―	―
Jul 27, 2020	2020 (Q2)	- / -0.44	1.823	-124.14% (-2.26)	―	―
Oct 26, 2020	2020 (Q3)	- / 1.53	1.939	-21.02% (-0.41)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:VNX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2024	€217.03	€202.09	-6.88%
Jul 22, 2024	€250.71	€235.85	-5.93%
Apr 29, 2024	€226.11	€236.97	+4.80%
Feb 05, 2024	€202.53	€203.71	+0.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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