NXP Semiconductors (NXPI) Reports In-Line Q1 Revenue

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NXP Semiconductors Reports First Quarter 2019 Results

April 29, 2019 8:00 PM EDT

EINDHOVEN, The Netherlands, April 29, 2019 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the first quarter of 2019, ended March 31, 2019.

NXP delivered revenue of $2.1 billion during the first quarter, just above our guidance. Due to a richer mix of sales and good expense control, we successfully delivered improved profitability toward the higher end of our guidance range. Additionally, during the quarter we returned $788 million to our shareholders consistent with our long-term capital return policy. Looking forward, our second quarter guidance reflects the successful design win momentum and traction we... More