Technology company NXP Semiconductors N.V. (NASDAQ: NXPI) on Monday announced financial results for the first quarter of 2023.
- First-quarter revenue was $3.12 billion, which is down 0.5% from the corresponding period of last year
- Gross margin, on a reported basis, remained unchanged year-over-year at 56.7% in the first quarter
- Non-GAAP gross margin was 58.2 percent
- Net income declined to $615 million or $2.35 per share from $657 million or $2.48 per share last year; adjusted earnings were $3.19 per share
- Cash flow from operations was $632 million, with net capex investments of $251 million, resulting in non-GAAP free cash flow of $381 million
- In Q1, the company paid cash dividends of $219 million
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
