Summary
This 8-K filing from NXP Semiconductors N.V. (NXPI), filed on September 13, 2012, primarily serves to announce a narrowing of the company's guidance for the third quarter of 2012. The company now anticipates product revenue growth to be between 8-10% sequentially, with total NXP revenue growth expected to be approximately 6-8% sequentially. This update represents a refinement of previous guidance and does not introduce new changes beyond what was stated on July 24, 2012. The announcement was made in conjunction with NXP's Analyst Day in New York City. Investors should note that this filing is a Form 6-K, which is a report of a foreign private issuer and typically contains press releases or other information made public by the company. While the guidance update is the core of this filing, it's important for investors to also consider the company's broader forward-looking statements and associated risks detailed within the full report.
Key Highlights
- 1NXP Semiconductors has narrowed its revenue growth guidance for the third quarter of 2012.
- 2Expected sequential product revenue growth is now projected to be in the range of 8-10%.
- 3Total NXP revenue growth is now anticipated to be in the range of approximately 6-8% sequentially.
- 4Non-GAAP Earnings Per Share (EPS) is projected to be between $0.53 and $0.59.
- 5This guidance update does not include any new changes compared to the previously issued guidance on July 24, 2012.
- 6The information was shared during the company's Analyst Day event in New York City.
- 7The filing is a Form 6-K, indicating it's a report from a foreign private issuer.