NXP Semiconductors Reports1Q 2018 Results

NXP Semiconductors N.V. reported financial results for the first quarter 2018 ended April 1, 2018.
 
NXP delivered first quarter revenue of $2.27 billion, an increase of approximately 3% year on year, and a decrease of 8% as compared to the prior quarter, with the annual period comparison impacted by the divestment of the Standard Products business during the first quarter of 2017. HPMS segment revenue was $2.17 billion, an increase of 8% year on year, and a decrease of 8% on a sequential basis.
 
Within the Automotive group, first quarter revenue was $995 million, up 10% year on year, with auto MCU, advanced analog and infotainment all contributing to the year on year growth.
 
Within the Secure Connected Devices group, first quarter revenue was $633 million, up 17% year on year driven by demand for general purpose, multi-market MCU and high-performance application processor products, and continued year on year growth of mobile transaction products.
 
In the Secure Interface and Infrastructure group, first quarter revenue was $396 million, down 12% year on year due to declines within the Digital Networking and RF-based product groups, with annual growth in Interface and Power products offsetting declines. Lastly, in Secure Identification Solutions group, first quarter revenue was $142 million, up 25% year on year due to growth in the mobility and retail, and government identification markets, and continued stabilization in the global bank-card market.
 
“We continue to believe that our transaction with Qualcomm is important to supporting our customers’ long-term requirements in both autonomous driving and secure IoT given our complementary product portfolios, Qualcomm’s strength in connectivity and high-end processing,” said Richard Clemmer, NXP CEP.