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AI brief of an SEC Form 8-K · NXP Semiconductors (NXPI)

NXP Semiconductors Q2 revenue down 5% year-on-year to $3.13 billion

Negative Impact 3 of 5 earnings Written later

NXP Semiconductors reported second-quarter 2024 revenue of $3.13 billion, down 5% from a year earlier and essentially flat from the first quarter. Non-GAAP diluted earnings per share were $3.20, compared with $3.43 a year earlier and $3.24 in the first quarter. The company guided third-quarter 2024 revenue to $3.15 billion to $3.35 billion, which is below the prior-year quarter, so shareholders face continued year-over-year declines in the near term.

Key points

  • Q2 2024 revenue was $3.13 billion, down 5% year-on-year and flat versus Q1 2024 ($3.126 billion)
  • GAAP diluted EPS was $2.54 versus $2.67 in Q2 2023; non-GAAP diluted EPS was $3.20 versus $3.43
  • Q3 2024 guidance: revenue of $3.15 billion to $3.35 billion; non-GAAP diluted EPS of $3.21 to $3.63
  • Q2 2024 capital return totaled $570 million, including $260 million in dividends and $310 million in share repurchases

The filing

CompanyNXP Semiconductors (NXPI)
Form8-K, current report
Filed with the SECJul 23, 2024, 6:08 AM ET
Accession number0001413447-24-000074

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.