NXP Semiconductors reports Q4 EPS $2.76, consensus $2.74

Reports Q4 revenue $3.31B, consensus $3.3B. Guidance for revenue and GAAP EPS from Bloomberg. "NXP delivered full-year 2022 revenue of $13.21 billion, an increase of 19% year-on-year, with revenue increasing across all of our focus end-markets. In the fourth quarter, revenue was $3.31 billion, an increase of 9% year-on-year, in line with the mid-point of our guidance range. In review, 2022 was a very good year for NXP, with strong execution resulting in record revenue, solid profit growth, and healthy free cash flow generation. Additionally, we experienced unprecedented year-on-year design win traction across the entire portfolio. From an end-market perspective, our automotive business performed very well, while in our consumer IoT and mobile businesses we experienced a softening demand environment through the second half of 2022. Accordingly, we have adopted a vigilant operational stance, aiming to improve service to those customers who continue to experience material shortages while managing the distribution channel inventory levels well below our long-term targets," said Kurt Sievers, NXP President and CEO.