Q1 revenue grows 18% at NXP

30/04/15

NXP Semiconductors has reported its financial results for the first quarter ended 5 April 2015, as well as provided guidance for the second quarter of 2015.

“Our results in the first quarter of 2015 were strong, as NXP delivered total revenue of US$1.47 billion and non-GAAP operating margin of 26%,” says Richard Clemmer, chief executive officer, NXP. “Revenue increased nearly 18% from the same period in the prior year, and declined about 5% from the prior quarter, despite the strengthening of the US dollar during the quarter. Our product mix was better than planned, allowing us to deliver significantly better profitability. Non-GAAP diluted earnings per share were US$1.35, at the high-end of guidance, and we generated US$288 million non-GAAP free cash flow.”

Revenue from the company’s Secure Identification Solutions was US$222 million, down 17% on Q4 2014’s US$223 million.

“During the quarter we announced the merger between NXP and Freescale Semiconductor, creating the fourth largest non-memory semiconductor company – a true high performance mixed signal global powerhouse. We are making good progress on the integration planning of the two companies and are working through the regulatory process. We continue to see the merger closing in the second half of 2015, and have already named the top layer of management in the combined entity. As we progress through the process, I want to personally thank all the NXP and Freescale employees for their continued focus, diligence and openness to change. We are creating a true industry leader focused on delivering differentiated product solutions which we believe will create significant value for our customers and shareholders.”

 

 

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Q1 revenue grows 18% at NXP
Q1 revenue grows 18% at NXP

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