Summary by Moomoo AI
NXP Semiconductors reported Q3 2024 revenue of $3.25 billion, down 5.4% year-over-year but up 3.9% sequentially. Despite the revenue decline, the company maintained a robust gross margin of 57.4% and operating margin of 30.5%. Net income was $729 million, with diluted EPS of $2.79.The Automotive segment remained the largest contributor at $1.83 billion, though down 3.3% YoY. Mobile revenue grew 8% to $407 million, while Industrial & IoT and Communication Infrastructure segments declined. Geographically, China showed 4.6% growth, offset by declines in other regions.NXP generated strong cash flow from operations of $779 million and free cash flow of $593 million. The company returned $564 million to shareholders through dividends and share repurchases. Looking ahead, NXP invested in future capacity, including a $140 million initial investment in a new semiconductor manufacturing joint venture in Singapore.
