02.04.16
NXP Semiconductors N.V. reported financial results for the fourth quarter and the full-year 2015, ended Dec. 31, 2015, as well as provided guidance for the first quarter of 2016.
On a full-year basis, NXP delivered revenue of $6.1 billion, up 8% from 2014, including the benefit of approximately one month of revenue contribution from Freescale. Revenue from NXP’s strategic HPMS segment was $4.72 billion, up 12% year-on-year, with nearly all of the operating segments delivering positive growth for the year.
Standard Product segment revenue was $1.24 billion, down 3% versus the prior year. Full-year non-GAAP operating profit and non-GAAP earnings were both up strongly versus 2014. Non-GAAP operating income was $1.68 billion, up 19% versus the prior year, and non-GAAP earnings per share were$5.60, up nearly 18% versus 2014, and non-GAAP free cash flow was $996 million.
“The end of 2015 brought to a close a year filled with significant accomplishments and a few challenges for NXP. During the fourth quarter we successfully completed the previously announced merger with Freescale Semiconductor. NXP is now the clear market leader in automotive, microcontroller and security semiconductor solutions. Notwithstanding our success, we faced an uncertain macro demand environment during the second-half of 2015. Despite this, we continued to outperform the overall industry. Looking forward, our task is to continue to outgrow the market despite the uncertain environment,” said Richard Clemmer, NXP CEO.
Durng fourth quarter 2015, NXP’s revenue was $1.61 billion, up 4% year-on-year, and up nearly 6% versus the prior quarter. HPMS segment revenue was $1.31 billion, up 12% from the same period a year ago, as well as sequentially. Standard Product segment revenue was $271 million, down 18% from same period a year ago and down 17% sequentially. In spite of weaker revenue trends, non-GAAP diluted earnings per share were $1.25, reflective of better gross margin and solid expense control resulting in improved profit fall-through. Additionally NXP generated $180 million non-GAAP free cash flow.
On a full-year basis, NXP delivered revenue of $6.1 billion, up 8% from 2014, including the benefit of approximately one month of revenue contribution from Freescale. Revenue from NXP’s strategic HPMS segment was $4.72 billion, up 12% year-on-year, with nearly all of the operating segments delivering positive growth for the year.
Standard Product segment revenue was $1.24 billion, down 3% versus the prior year. Full-year non-GAAP operating profit and non-GAAP earnings were both up strongly versus 2014. Non-GAAP operating income was $1.68 billion, up 19% versus the prior year, and non-GAAP earnings per share were$5.60, up nearly 18% versus 2014, and non-GAAP free cash flow was $996 million.
“The end of 2015 brought to a close a year filled with significant accomplishments and a few challenges for NXP. During the fourth quarter we successfully completed the previously announced merger with Freescale Semiconductor. NXP is now the clear market leader in automotive, microcontroller and security semiconductor solutions. Notwithstanding our success, we faced an uncertain macro demand environment during the second-half of 2015. Despite this, we continued to outperform the overall industry. Looking forward, our task is to continue to outgrow the market despite the uncertain environment,” said Richard Clemmer, NXP CEO.
Durng fourth quarter 2015, NXP’s revenue was $1.61 billion, up 4% year-on-year, and up nearly 6% versus the prior quarter. HPMS segment revenue was $1.31 billion, up 12% from the same period a year ago, as well as sequentially. Standard Product segment revenue was $271 million, down 18% from same period a year ago and down 17% sequentially. In spite of weaker revenue trends, non-GAAP diluted earnings per share were $1.25, reflective of better gross margin and solid expense control resulting in improved profit fall-through. Additionally NXP generated $180 million non-GAAP free cash flow.