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Apple Supplier NXP Semiconductors Earnings Top Ahead Of Apple Report

Apple ( AAPL ) supplier NXP Semiconductors ( NXPI ) late Monday reported first-quarter earnings that fell a little less than estimates, a day before Apple itself is expected to report declining profit and a sharp drop in iPhone sales. NXP Semi gave guidance that was in line to slightly above forecasts. Earnings per share fell nearly 16% to $1.14 a share excluding various items vs. $1.35 a year earlier. Revenue, fueled by acquisitions, climbed about 52% to $2.224 billion from $1.467 billion a year earlier. Economists had expected EPS of $1.09 and sales of $2.21 billion. Comparable revenue fell 11% vs. a year earlier, NXP said, citing “semiconductor industry weakness that accelerated throughout the second half of 2015.” For Q2, NXP Semiconductors sees revenue of $2.295 billion to $2.395 billion, with the midpoint at $2.345 billion. It expects EPS of $1.30-$1.40, with the midpoint at $1.35. Analysts expected EPS of $1.32 and revenue of $2.34 billion. NXP Semiconductors is a leading chip supplier for the Apple iPhone and Samsung smartphones. But it’s also a major supplier of chips for the auto industry, especially after its recent acquisition of Freescale Semiconductor. Auto-related chip sales hit $805 million, up 167% vs. a year earlier on a reported basis, or just 1% with Freescale’s year-earlier results included. But auto-related sales should rise in the “mid- to high-single digit” percentages in Q2, NXP said in its Tuesday morning conference call. NXP is aiming for a long-term gross profit margin of 51%-55 and an operating margin above 30%. In Q1, NXP’s gross profit was 26.8% on a GAAP basis and 50% non-GAAP. Operating profit was -21.2%, or 23.3% non-GAAP. NXP shares jumped 5.3% to 87.75 in morning trade on the stock market today after rising as high as 89.79. Shares closed down 1.2% to 83.34 on Monday, closing just above the 200-day line, where NXP has been finding support lately. Apple fell 0.5% to 104.51 intraday, after falling below its 50-day line intraday. The stock retreated 0.6% to 105.08 on Monday. Analysts expect Apple earnings to fall 14% to $2 a share and sales 10% to $51.97 billion, with iPhone unit sales down 21%. On Monday, NXP investors reacted to news that its chips are not in the latest Apple Retina MacBook, according to an iFixit teardown , after having several chips in the 2015 model. Broadcom ( AVGO ) and Texas Instruments ( TXN ) remain big chip suppliers. Texas Instruments reports earnings on Wednesday. Texas Instruments rose 0.5% Tuesday morning while Broadcom climbed 1.4%.

Apple Supplier NXP Semiconductors Earnings Top On Eve Of Apple Report

Apple ( AAPL ) supplier NXP Semiconductors ( NXPI ) late Monday reported first-quarter earnings that fell a little less than estimates, a day before Apple itself is expected to report declining profit and a sharp drop in iPhone sales. NXP Semi gave guidance that was in line to slightly above forecasts. Earnings per share fell nearly 16% to $1.14 a share excluding various items vs. $1.35 a year earlier. Revenue, fueled by acquisitions, climbed about 52% to $2.224 billion from $1.467 billion a year earlier. Economists had expected EPS of $1.09 and sales of $2.21 billion. Comparable revenue fell 11% vs. a year earlier, NXP said, citing “semiconductor industry weakness that accelerated throughout the second half of 2015.” For Q2, NXP Semiconductors sees revenue of $2.295 billion to $2.395 billion, with the midpoint at $2.345 billion. It expects EPS of $1.30-$1.40, with the midpoint at $1.35. Analysts expected EPS of $1.32 and revenue of $2.34 billion. For the full year, Wall Street had projected EPS of $5.64 and sales of $9.54 billion. NXP Semiconductors is a leading chip supplier for the Apple iPhone and Samsung smartphones. But it’s also a major supplier of chips for the auto industry, especially after its recent acquisition of Freescale Semiconductor. Auto-related sales hit $805 million, up 167% vs. a year earlier on a reported basis, or just 1% with Freescale’s year-earlier results included. NXP will hold its post-earnings conference call before the market open Tuesday. NXP released its results well after the market close, so investors will have to wait until Tuesday pre-market trading to get some indication of how the stock will react. Shares closed down 1.2% to 83.34 on the stock market today . NXP is not in the latest Apple Retina MacBook, according to an iFixit teardown , after having several chips in the 2015 model, while Broadcom ( AVGO ) and Texas Instruments ( TXN ) remain big chip suppliers. Texas Instruments reports earnings on Wednesday. Texas Instruments closed up 0.6% on Monday. Broadcom fell 0.8%. Apple retreated 0.6% to 105.08, approaching its 50-day moving average. Analysts expect Apple earnings to fall 14% to $2 a share and sales 10% to $51.97 billion, with iPhone unit sales down 21%.

Apple Retina MacBook 2016: Intel, Broadcom Inside; NXP Loses?

Heavyweight chipmakers Broadcom ( AVGO ), Intel ( INTC ) and Texas Instruments ( TXN ) again dominated as chip suppliers for the Apple ( AAPL ) Retina MacBook 2016, according to an iFixit teardown , which notes the MacBook finally joined its iPhone and iPad cousins in rose gold solidarity. The 12-inch MacBook comes equipped with “a faster processor and zippier flash memory.” Intel again supplied the core processor and an HD graphics card, and both flash-memory NAND chips (256 gigabytes) came from Toshiba. Samsung and Micron Technology ( MU ) split the difference in other memory vectors. Two Samsung chips provide a total 8 GB of RAM, and Micron supplied a single 4 GB DRAM (dynamic random-access memory) chip. Broadcom re-won its touchscreen controller and what iFixit believes to be a wireless chipset, and STMicroelectronics ( STM ) again supplied a microcontroller. Texas Instruments supplied a total of four chips, including a system management controller. The Dallas-based chipmaker showed up six times in the earlier iteration, but the 2016 teardown wasn’t as extensive as the 2015 teardown , iFixit said. Fellow Apple supplier NXP Semiconductors ( NXPI ) was seemingly ousted from the Retina MacBook 2016 logic board. In the 2015 model, the teardown showed NXP supplied a microcontroller and two interface expanders. Like its 2015 counterpart, the Retina MacBook 2016 earned a 1 out of a possible 10 in repairability from iFixit. The main reason is because the display is a single, fused unit, so “if the display needs replacing, it’ll cost a pretty penny.” In early afternoon trading on the stock market today , shares of both NXP and STMicroelectronics were down 2%, while Intel and Micron stock were each down 1%. Broadcom stock was lower by a fraction, and Texas Instruments stock was up a fraction.