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Revenue was $2.9 billion, up 26.2% year-on-year, with cash flow from operations of $924 million.
November 2, 2021
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
NXP Semiconductors N.V. reported financial results for the third quarter 2021, ended Oct. 3, 2021. Revenue was $2.9 billion, up 26.2% year-on-year. GAAP gross margin was 55.3%, and GAAP operating margin was 24.9%. Cash flow from operations was $924 million, with net capex investments of $200 million, resulting in non-GAAP free cash flow of $724 million. “NXP delivered third-quarter revenue of $2.9 billion, an increase of 26% versus the year-ago period, and better than the mid-point of our guidance. Overall, customer adoption of our latest products as well as long-term demand trends across our end markets remain at unprecedented levels. We continue to take additional actions to assure supply to our customers, which underpins our continued confidence in robust growth in the remainder of 2021 and through 2022,” said Kurt Sievers, NXP president and CEO.
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