“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.