NXP Semiconductors N.V. stock research
FY2024 Q2
NXP Semiconductors N.V. (NXPI) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit were stable compared to the previous quarter, while gross margin improved slightly. Versus the same quarter last year, revenue and gross profit were lower, but gross margin was higher, with cost of revenue also lower.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and gross profit were stable compared to the previous quarter, while gross margin improved slightly. Versus the same quarter last year, revenue and gross profit were lower, but gross margin was higher, with cost of revenue also lower.
- The most notable margin driver is the decrease in cost of revenue compared to the prior year, as gross margin rose despite a decline in revenue.
- Sequential comparison shows revenue and gross profit were essentially unchanged, with gross margin improving modestly. Year-over-year, revenue and gross profit decreased, yet gross margin increased.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
57.3%
Gross profit
$1.8B
Revenue
$3.1B
Cost of revenue
$1.3B
Quarter-over-quarter change
+0.3 pts
Year-over-year change
+0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Oct 1, 2023 | $3.4B | $2.0B | $1.5B | 57.2% |
| Dec 31, 2023 | $3.4B | $1.9B | $1.5B | 56.6% |
| Mar 31, 2024 | $3.1B | $1.8B | $1.3B | 57.0% |
| Jun 30, 2024 | $3.1B | $1.8B | $1.3B | 57.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.3 pts
Year-over-year change
Jul 2, 2023
+0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most notable margin driver is the decrease in cost of revenue compared to the prior year, as gross margin rose despite a decline in revenue.
Sequential comparison shows revenue and gross profit were essentially unchanged, with gross margin improving modestly. Year-over-year, revenue and gross profit decreased, yet gross margin increased.
Monitor the trend in cost of revenue, as its year-over-year decline has supported margins.