NXP Semiconductors Shares Slip Despite Q2 Earnings Beat - NXP Semiconductors (NASDAQ:NXPI)

Here’s a look at the details inside the report.

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NXP Semiconductors reported quarterly earnings of $3.61 per share, which beat the analyst consensus estimate of $3.51 by 2.85%, according to Benzinga Pro data.Quarterly revenue of $3.5 billion came in just ahead of the Street estimate of $3.46 billion. NXP reported the following second quarter highlights:

Non-GAAP gross margin was 58%, non-GAAP operating margin was 35.1%

Cash flow from operations was $860 million, with net capex investments of $69 million, resulting in non-GAAP free cash flow of $791 million or 22.6% of revenue