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With a revenue of $2.21 billion, NXP delivered good seasonal results for the first quarter of 2017,\u00a0said Richard Clemmer, NXP Chief Executive Officer. It still means a\u00a0decline of 1 percent year on year, and a decline of 9 percent versus the prior quarter, with period comparisons impacted by the divestment of the Standard Products business in early February.<\/p>\n
Clemmer: \u201cOur first quarter performance reflects a confirmation of a return to our annual growth trajectory. HPMS segment revenue was $2.01 billion, an increase of 5 percent year on year and a decline of two percent sequentially. Standard Products segment revenue was $118 million, representing approximately one month of revenue contribution prior to the close of the divestment.”<\/p>\n
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\u201cDue to the disciplined focus by the entire NXP team, we were able to deliver better than anticipated financial results.”Richard Clemmer, NXP<\/cite><\/p><\/blockquote>\n
Within the Automotive group, NXP’s\u00a0first quarter revenue showed\u00a0a historical record at $906 million, up 13 percent year on year due to strong demand across the entire product portfolio, with the\u00a0automotive microcontroller and analog products continuing to experience traction. Within the Secure Connected Devices group, the\u00a0first quarter revenue was $541 million, up 15 percent year on year. Clemmer: “All major product lines contributed to a solid quarter, especially demand for our i.MX application processor products. In the Secure Interface and Infrastructure group, our first quarter revenue was $450 million, up 6 percent year on year, with very strong growth in our Interface group, offset by flattish trends in RF Power and continued headwinds in the Digital Networking group which was restructured late last year.”<\/p>\n
In the\u00a0Secure Identification Solutions group, the\u00a0first quarter revenue was $114 million, down 46 percent versus the same period a year ago.<\/p>\n
\u201cIn summary, our first quarter results are another solid step towards the successful integration of Freescale and NXP. With the divestment of our Standard Products group, our overall product portfolio has a sharpened focus on the higher growth, desirable margins, and stickier market segments. The revenue performance of our Auto, Application Processor, General Purpose MCU and Interface groups is especially encouraging as design win trends indicate our go-to-market and portfolio decisions are well aligned with our customer\u2019s long-term requirements,\u201d said Clemmer. \u201cDue to the disciplined focus by the entire NXP team, we were able to deliver better than anticipated financial results during the first quarter. Our results reflect strong execution notwithstanding normal seasonal operating expense headwinds, in addition to the stranded costs associated with the divestment of our Standard Products group, which we discussed when we announcement the action in June of 2016.”<\/p>\n
More on the NXP results here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
With a revenue of $2.21 billion, NXP delivered good seasonal results for the first quarter of 2017,\u00a0said Richard Clemmer, NXP Chief Executive Officer. It still means a\u00a0decline of 1 percent year on year, and a decline of 9 percent versus the prior quarter, with period comparisons impacted by the divestment of the Standard Products business […]<\/p>\n","protected":false},"author":1568,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[42],"tags":[10617,482,2451],"location":[],"article_type":[],"serie":[],"archives":[],"internal_archives":[],"reboot-archive":[],"class_list":["post-93812","post","type-post","status-publish","format-standard","hentry","category-sustainability-nl","tag-2017-q1","tag-economy","tag-nxp"],"blocksy_meta":[],"acf":{"subtitle":"","text_display_homepage":false},"author_meta":{"display_name":"Bart Brouwers","author_link":"https:\/\/ioplus.nl\/archive\/author\/brewbart\/"},"featured_img":null,"coauthors":[],"tax_additional":{"categories":{"linked":["Sustainability<\/a>"],"unlinked":["Sustainability<\/span>"]},"tags":{"linked":["2017 Q1<\/a>","economy<\/a>","NXP<\/a>"],"unlinked":["2017 Q1<\/span>","economy<\/span>","NXP<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 9 years ago","modified":"Updated 9 years ago"},"absolute_dates":{"created":"Posted on May 4, 2017","modified":"Updated on May 4, 2017"},"absolute_dates_time":{"created":"Posted on May 4, 2017 1:27 pm","modified":"Updated on May 4, 2017 1:27 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/93812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/users\/1568"}],"replies":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/comments?post=93812"}],"version-history":[{"count":0,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/93812\/revisions"}],"wp:attachment":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media?parent=93812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/categories?post=93812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/tags?post=93812"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/location?post=93812"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/article_type?post=93812"},{"taxonomy":"serie","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/serie?post=93812"},{"taxonomy":"archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/archives?post=93812"},{"taxonomy":"internal_archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/internal_archives?post=93812"},{"taxonomy":"reboot-archive","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/reboot-archive?post=93812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}