2024-04-30 10:57:09 ET
NXP Semiconductors N.V. (NXPI)
Q1 2024 Earnings Conference Call
April 30, 2024, 08:00 AM ET
Company Participants
Jeff Palmer - SVP, IR
Kurt Sievers - President and CEO
Bill Betz - CFO
Conference Call Participants
Vivek Arya - Bank of America Securities
Ross Seymore - Deutsche Bank
C.J. Muse - Cantor Fitzgerald
Chris Danely - Citi
Gary Mobley - Wells Fargo Securities
Stacy Rasgon - Bernstein Research
Joshua Buchalter - TD Cowen
Chris Caso - Wolfe Research
Presentation
Operator
Hello, and thank you for standing by. Welcome to NXP's First Quarter 2024 Earnings Conference Call. [Operator Instructions]
I would now like to turn the call over to Jeff Palmer, Senior VP of Investor Relations. You may begin.
Jeff Palmer
Thank you, Tawanda, and good morning, everyone. Welcome to NXP Semiconductor's first quarter earnings call. With me on the call today is Kurt Sievers, NXP's President and CEO; and Bill Betz, our CFO.
The call today is being recorded and will be available for replay from our corporate website. Today's call will include forward-looking statements that involve risks and uncertainties that could cause NXP's results to differ materially from management's current expectations. These risks and uncertainties include, but are not limited to, statements regarding the macroeconomic impact on the specific end markets in which we operate, the sale of new and existing products and our expectations for our financial results for the second quarter of 2024.
NXP undertakes no obligation to revise or update publicly any forward-looking statements. For a full disclosure on forward-looking statements, please refer to our press release. Additionally, we will refer to certain non-GAAP financial measures which are driven primarily by discrete events that management does not consider to be directly related to NXP's underlying core operating performance.
Pursuant to Regulation G, NXP has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures in our first quarter 2024 earnings press release, which will be furnished to the SEC on Form 8-K and available on NXP's website in the Investor Relations section.
Now I'd like to turn the call over to Kurt.
Kurt Sievers
Thank you, Jeff, and good morning, everyone. We appreciate you joining our call this morning.
Beginning with quarter one, revenue trends in all our focused end markets were in line with the midpoint of our guidance. NXP delivered quarter one revenue of $3.13 billion, essentially flat year-on-year....
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NXP Semiconductors N.V. (NXPI) Q1 2024 Earnings Call Transcript