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NXP EINDHOVEN , The Netherlands , November 1 , 2021 - NXP Semiconductors N.V. ( NASDAQ : NXPI ) today reported financial results for the third quarter 2021 , ended October 3 , 2021 . NXP Semiconductors Reports Third Quarter 2021 Results " NXP delivered third - quarter revenue of $ 2.9 billion , an increase of 26 percent versus the year - ago period , and better than the mid - point of our guidance . Overall , customer adoption of our latest products as well as long - term demand trends across our end markets remain at unprecedented levels . We continue to take additional actions to assure supply to our customers , which underpins our continued confidence in robust growth in the remainder of 2021 and through 2022 , " said Kurt Sievers , NXP President and Chief Executive Officer . ● Key Highlights for the Third - quarter : ● Revenue was $ 2.9 billion , up 26.2 percent year - on - year ; GAAP gross margin was 55.3 percent , and GAAP operating margin was 24.9 percent ; Non - GAAP gross margin was 56.5 percent , and non - GAAP operating margin was 33.5 percent ; Cash flow from operations was $ 924 million , with net capex investments of $ 200 million , resulting in non - GAAP free cash flow of $ 724 million ; Capital return of $ 1.3 billion to shareholders through previously announced share repurchases and dividend payments . Subsequent to the end of the third quarter , between October 3 , 2021 and November 1 , 2021 , NXP executed via a 10b5-1 program additional share repurchases totaling $ 0.3 billion ; On August 26 , 2021 , the NXP Board of Directors approved the payment of an interim dividend for the third quarter 2021 of $ 0.5625 per ordinary share ; and On October 12 , 2021 , NXP announced that Bill Betz has been named Executive Vice President and Chief Financial Officer . Mr. Betz , formerly Senior Vice President , Business Finance for NXP , replaces Peter Kelly , who previously announced in February 2021 his decision to retire from NXP in February 2022. Mr. Betz will report directly to NXP President and Chief Executive Officer Kurt Sievers . Summary of Reported Third Quarter 2021 ( $ millions , unaudited ) ( ¹ Q2 2021 2,861 $ 2,596 1,583 $ ( 34 ) $ 1,617 $ 55.3 % 56.5 % 711 $ ( 248 ) $ 959 24.9 % $ 33.5 % Total Revenue GAAP Gross Profit Gross Profit Adjustments ( i ) Non - GAAP Gross Profit GAAP Gross Margin Non - GAAP Gross Margin GAAP Operating Income / ( Loss ) ( i ) Operating Income Adjustments Non - GAAP Operating Income GAAP Operating Margin Non - GAAP Operating Margin $ $ LA GA $ Q3 2021 1 1,422 $ ( 34 ) $ 1,456 $ 54.8 % 56.1 % 573 ( 257 ) 830 22.1 % 32.0 % $ Q3 2020 2,267 1,090 ( 45 ) 1,135 48.1 % 50.1 % 32 ( 554 ) 586 1.4 % 25.8 % 10 % 11 % 11 % 24 % 16 % Y - Y 26 % 45 % 42 % 2,122 % 64 %