NXP reported Q3 revenues of $1,522m, corresponding to a sequential increase of 1.1% but almost flat yoy (+0.5%). In HPMS, most of the segments were clearly positive both sequentially and yoy, with the exception of Automotive, up 6.9% yoy but slightly down sequentially (-0.6%), but these good performances have been offset by a sharp fall in Secure Interfaces and Power, down 10.9% sequentially and 9.4% yoy. The non-GAAP gross margin reached 49.1% (48.6% for the GAAP gross margin), a 120bp incre
29 Oct 2015
Brutal cut in the guidance to prevent massive inventory build up
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Brutal cut in the guidance to prevent massive inventory build up
NXP Semiconductors NV (0EDE:LON) | 0 0 0.0% | Mkt Cap: 23,931m
- Published:
29 Oct 2015 -
Author:
Charles Bordes -
Pages:
3
NXP reported Q3 revenues of $1,522m, corresponding to a sequential increase of 1.1% but almost flat yoy (+0.5%). In HPMS, most of the segments were clearly positive both sequentially and yoy, with the exception of Automotive, up 6.9% yoy but slightly down sequentially (-0.6%), but these good performances have been offset by a sharp fall in Secure Interfaces and Power, down 10.9% sequentially and 9.4% yoy. The non-GAAP gross margin reached 49.1% (48.6% for the GAAP gross margin), a 120bp incre