NXP Semiconductors Reports 4Q, Full-Year 2021 Results

Feb. 1, 2022
www.nxp.com


NXP Semiconductors N.V. reported financial results for the fourth quarter and full year ended Dec. 31, 2021.

“NXP delivered full-year record revenue of $11.06 billion, an increase of 28% year-on-year, with demand accelerating across all of our focus end-markets throughout the year,” said Kurt Sievers, NXP president and CEO. “In the fourth quarter, revenue was $3.04 billion, an increase of 21% year-on-year, above the mid-point of our guidance range.

“In review, 2021 was an excellent year for NXP,” Sievers added. “We experienced significant de-sign win traction across the entire portfolio and especially within the areas of our strategic growth drivers. The engagement and performance of our employees has been truly outstanding, we are extremely proud of their adaptability, dedication and hard work in the face of adversity. We continue to see growing customer demand, outstripping supply, as inventory across all end markets remains very lean. Taken together, this underpins our continued confidence of robust growth throughout 2022.”

Fourth-quarter revenue was $3.04 billion, up 21.2% year-on-year; fourth-quarter GAAP gross margin was 56.2%, and GAAP operating margin was 26.6%. Full-year cash flow from operations was $3.08 billion, with net capex investments of $766 million, resulting in non-GAAP free cash flow of $2.31 billion.