NXP Semiconductors Q1 Earnings Call Highlights
Automotive: $1.78 billion , up 6% year-over-year. Sotomayor said that adjusted for the sale of the MEMS sensor business, automotive growth was 10% .CFO Bill Betz said non-GAAP gross profit was $1.82 billion and non-GAAP gross margin was 57.1% , “modestly above guidance,” which he attributed to “solid fall through on higher revenues.” Non-GAAP operating expenses were $758 million , or 23.8% of revenue, which he said came in favorably versus guidance “driven by efficiency gains.”Sotomayor said first-quarter r ...