NXP Semiconductors (NXPI) Misses Q2 EPS by $1.61, Offers Q3 Guidance
NXP Semiconductors (NASDAQ: NXPI) reported Q2 EPS of ($0.77), $1.61 worse than the analyst estimate of $0.84. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.81 billion.
GUIDANCE:
NXP Semiconductors sees Q3 2020 revenue of $1.9-2 billion, versus the consensus of $1.88 billion.
Guidance for the Third Quarter 2020: ($ millions) (1)
| Guidance Range | ||||||||||||||||||||||||||||||||||
| GAAP | Reconciliation | non-GAAP | ||||||||||||||||||||||||||||||||
| Low | Mid | High | Low | Mid | High | |||||||||||||||||||||||||||||
| Total Revenue | $ | 1,900 | $ | 2,000 | $ | 2,100 | $ | 1,900 | $ | 2,000 | $ | 2,100 | ||||||||||||||||||||||
| Q-Q | 5 | % | 10 | % | 16 | % | 5 | % | 10 | % | 16 | % | ||||||||||||||||||||||
| Y-Y | -16 | % | -12 | % | -7 | % | -16 | % | -12 | % | -7 | % | ||||||||||||||||||||||
| Gross Profit | $ | 882 | $ | 950 | $ | 1,019 | $ | (30 | ) | $ | 912 | $ | 980 | $ | 1,049 | |||||||||||||||||||
| Gross Margin | 46.4 | % | 47.5 | % | 48.5 | % | 48.0 | % | 49.0 | % | 50.0 | % | ||||||||||||||||||||||
| Operating Income (loss) | $ | (105 | ) | $ | (47 | ) | $ | 12 | $ | (491 | ) | $ | 386 | $ | 444 | $ | 503 | |||||||||||||||||
| Operating Margin | -5.5 | % | -2.4 | % | 0.6 | % | 20.3 | % | 22.2 | % | 24.0 | % | ||||||||||||||||||||||
| Financial Income (expense) | $ | (100 | ) | $ | (100 | ) | $ | (100 | ) | $ | (2 | ) | $ | (98 | ) | $ | (98 | ) | $ | (98 | ) | |||||||||||||
Note (1) Additional Information:
For earnings history and earnings-related data on NXP Semiconductors (NXPI) click here.