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NXP Semiconductors Reports 4Q, Full-year 2018 Results

Full-year cash flow from operations was $4.37 billion.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

NXP Semiconductors N.V. reported financial results for the fourth quarter and full year 2018, ended Dec. 31, 2018.
 
“NXP delivered greater than 5% growth in Auto and Secure Connected Devices, resulting in total revenue of $9.41 billion, an increase of 2% year-on-year. Our teams continue to be fully focused on driving our long-term strategy, with a very strong pipeline of innovative solutions and excellent customer traction. However, demand has weakened for the first quarter, primarily in the automotive and industrial end-markets in China.” said Richard Clemmer, NXP CEO.
 
Fourth-quarter revenue was $2.4 billion, down 2% year-on-year, while the fourth-quarter GAAP gross margin was 51.7%, and GAAP operating margin was 9.3%. Full-year cash flow from operations was $4.37 billion, with net capex investments of $610 million, resulting in non-GAAP free cash flow of $3.76 billion.
 
 

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