NXP Semiconductors N.V. (NXPI) Revenue — Quarter Ended Jul 2, 2023
Revenue for the quarter was essentially flat compared to the prior year, but it rose from the immediately preceding quarter. The sequential improvement reversed the decline seen in the prior period.
Key takeaway
Quarter ended Jul 2, 2023 · FY2023 Q2
Revenue for the quarter was essentially flat compared to the prior year, but it rose from the immediately preceding quarter. The sequential improvement reversed the decline seen in the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
+5.7%
Change from the immediately preceding quarter.
Year-over-year
-0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 2, 2022 | $3.4B | +20.4% |
| Dec 31, 2022 | $3.3B | +9.0% |
| Apr 2, 2023 | $3.1B | -0.5% |
| Jul 2, 2023 | $3.3B | -0.4% |
Revenue performance
Reported revenue decreased slightly year over year, indicating a modest contraction from the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. On a year-over-year basis, revenue was marginally lower.
What to watch
Monitor whether revenue can sustain the sequential improvement given the slight year-over-year decline.