NXP reported Q2 revenues of $2,365m, corresponding to a sequential increase of 6.6% but to a 7.7% yoy decrease. In HPMS ($1,911m, up 5.4% sequentially, down 8% yoy), most of the segments were negative yoy by a double-digit in comparable figures, with the exception of Automotive, $805m, up 5.3% yoy. Standard Products have also witnessed a dip ($303m, +10.6% sequentially, -6.5% yoy). The non-GAAP gross margin reached 50% (46.5% for the GAAP gross margin due to €32m of restructuring charges
28 Jul 2016
Positive momentum in Automotive, positive impact of the synergies on margins
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Positive momentum in Automotive, positive impact of the synergies on margins
NXP Semiconductors NV (0EDE:LON) | 0 0 0.0% | Mkt Cap: 23,931m
- Published:
28 Jul 2016 -
Author:
Charles Bordes -
Pages:
3
NXP reported Q2 revenues of $2,365m, corresponding to a sequential increase of 6.6% but to a 7.7% yoy decrease. In HPMS ($1,911m, up 5.4% sequentially, down 8% yoy), most of the segments were negative yoy by a double-digit in comparable figures, with the exception of Automotive, $805m, up 5.3% yoy. Standard Products have also witnessed a dip ($303m, +10.6% sequentially, -6.5% yoy). The non-GAAP gross margin reached 50% (46.5% for the GAAP gross margin due to €32m of restructuring charges