NXP Semiconductors N.V. (NXPI) Revenue — Quarter Ended Mar 31, 2024
Revenue declined in the first quarter compared to the prior quarter, but was slightly higher than the same quarter a year earlier. The sequential decrease reflects typical seasonal patterns, while the year-over-year gain indicates modest growth.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined in the first quarter compared to the prior quarter, but was slightly higher than the same quarter a year earlier. The sequential decrease reflects typical seasonal patterns, while the year-over-year gain indicates modest growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-8.6%
Change from the immediately preceding quarter.
Year-over-year
+0.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.3B
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 |
|---|---|---|
| Jul 2, 2023 | $3.3B | -0.4% |
| Oct 1, 2023 | $3.4B | -0.3% |
| Dec 31, 2023 | $3.4B | +3.3% |
| Mar 31, 2024 | $3.1B | +0.2% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter, marking a sequential decline. Compared to the same quarter one year ago, revenue showed a slight increase.
Quarterly comparison
The sequential decline from the prior quarter was notable, while the year-over-year comparison showed a small positive change. The trailing twelve-month revenue remained substantial.
What to watch
Monitor whether the sequential revenue decline continues into the next quarter or stabilizes.