|Q4 2012||Year 2012|
|Revenue||$1,116 million||$4,358 million|
|GAAP Gross margin||43.9%||45.6%|
|GAAP Operating margin||3.0%||9.5%|
|GAAP Diluted earnings per share||($0.47)||($0.46)|
|Non-GAAP Gross margin||46.1%||45.8%|
|Non-GAAP Operating margin||18.7%||18.0%|
|Non-GAAP Earnings per share||$0.50||$1.70|
- Trailing twelve month adjusted EBITDA $1,042 million
- Net debt reduced $181 million year-on-year to $2,875 million
- Product revenue growth of 24 percent year-on-year, down 4 percent sequentially
Eindhoven, The Netherlands, January 31, 2013 – NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the fourth quarter and the full-year of 2012, ended December 31, 2012, and provided guidance for the first quarter 2013.
“Our results for the fourth quarter of 2012 came in at the higher end of our original guidance, as NXP delivered Product revenue of $1,066 million, a four percent sequential decline, and a twenty-four percent increase from the comparable year ago period. Total NXP revenue in the fourth quarter was $1,116 million, approximately a five percent sequential decline, and a twenty percent increase from the comparable year ago period, said Richard Clemmer,” NXP Chief Executive Officer,
“Looking at the full-year results, NXP delivered Product revenue of $4,114 million, better than a seven percent year-on-year growth, as key design opportunities we outlined at the beginning of the year came to fruition. Specifically, full-year revenue in our core HPMS segment increased thirteen percent year-on-year due to strong growth in our Identification and Portable & Computing end markets. However, as a result of challenging market conditions, NXP experienced slower than anticipated growth in other areas of our HPMS segment, and a 10 percent year-on-year decline in our Standard product segment. Taken together, total NXP revenue increased four percent year-on-year to $4,358 million.
“As our recent actions demonstrate, we remain committed to improving our cost and expense structure, which should result in improved earnings growth and cash flow generation. Our strategy continues to be focused on providing unique and differentiated product solutions to enable our customer’s success, which over the longer-term should allow NXP to outpace the cyclical growth of the overall semiconductor market,” said Clemmer.