NXP Semiconductors Non-GAAP EPS of $3.19 beats by $0.17, revenue of $3.12B beats by $120M
NXP Semiconductors press release (NASDAQ:NXPI): Q1 Non-GAAP EPS of $3.19  beats by $0.17.
Revenue of $3.12B (-0.6% Y/Y)  beats by $120M.
GAAP gross margin was 56.7 percent, GAAP operating margin was 26.4 percent and GAAP diluted Net Income per Share was $2.35;
Non-GAAP gross margin was 58.2 percent, non-GAAP operating margin was 34.8 percent, and non-GAAP diluted Net Income per Share was $3.19;
Cash flow from operations was $632 million, with net capex investments of $251 million, resulting in non-GAAP free cash flow of $381 million;
During the first quarter of 2023, NXP paid cash dividends of $219 million. The interim dividend for the first quarter 2023 was paid in cash on April 5, 2023 to shareholders of record as of March 15, 2023;
Guidance for the Second Quarter 2023:
Revenue is expected between 3,100 to 3,300 vs $3.04B
Earnings per share diluted is expected between $2.33 to $2.75 vs $2.99 Consensus
Non GAAP Earnings per share diluted is expected between $3.07 to $3.49
Gross profit is expected between $1.741 to 1,891