NXP Semiconductors N.V. (NASDAQ:NXPI) Q3 2023 Earnings Conference Call November 7, 2023 8:00 AM ET

Company Participants

Jeff Palmer - Senior Vice President, Investor Relations

Kurt Sievers - President and Chief Executive Officer

Bill Betz - Executive Vice President and Chief Financial Officer

Conference Call Participants

Ross Seymore - Deutsche Bank

Vivek Arya - Bank of America Securities

William Stein - Truist Securities

Stacy Rasgon - Bernstein Research

Gary Mobley - Wells Fargo

Joshua Buchalter - TD Cowen

Toshiya Hari - Goldman Sachs

Operator

Good day and thank you for standing by. Welcome to the NXP Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker Jeff Palmer, Senior Vice President, Investor Relations. Please go ahead.

Jeff Palmer

Thank you, Shannon, and good morning, everyone. Welcome to the NXP Semiconductors third quarter 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 NXP's results to differ materially from management's current expectations.

These risks and uncertainties include, but are not limited to, statements regarding the macroeconomic impact on specific end markets in which we operate, the sale of new and existing products, and our expectations for financial results for the fourth 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 third quarter 2023 earnings press release, which will be furnished to the SEC on Form 8-K and available on NXP's website in the Investor Relations section at nxp.com.

Now I would like to turn the call over to Kurt.

Kurt Sievers

Thank you very much, Jeff, and good morning, everyone. We appreciate you joining our call today. I will start with a review of our quarter three results, discuss our guidance for quarter four and provide our early views of 2024.