NXP Semiconductors
Q4 2022 Earnings Call
Jan 31, 2023, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Hello. Thank you for standing by, and welcome to the NXP fourth quarter 2022 earnings conference call. [Operator instructions] I would like to hand the conference over to your speaker today, Jeff Palmer, senior vice president of investor relations. Please go ahead.
Jeff Palmer -- Senior Vice President, Investor Relations
Thank you, Michelle. Good morning, everyone. Welcome to NXP's fourth quarter full year 2022 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 actual results to differ materially from management's current expectations. These risks and uncertainties include, but are not limited to, statements regarding the continued impact of the COVID-19 pandemic on our business, the macroeconomic impact on the specific end markets in which we operate, the sale of new and existing products, and our expectations for the financial results for the first quarter of 2023. Please be reminded that 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 fourth quarter 2022 earnings press release, which will be furnished to the SEC on Form 8-K and available from NXP's website in the investor relations section at nxp.com. Now, I'd like to turn the call over to Kurt.
Kurt Sievers -- President and Chief Executive Officer
Hey, thanks, Jeff, and good morning, everyone. We really appreciate you joining our call this morning. I will review both our Quarter 4 and our full year 2022 performance, and then I will discuss our guidance for Quarter 1. Beginning with Quarter 4, our revenue was 12 million better than the midpoint of our guidance with the trends in the mobile and industrial IoT markets performing better than our expectations, while automotive was in line and communication infrastructure below our expectations.