NXP Semiconductors (NXPI) Reports 3Q Revenues Beat; Offers 4Q Revenue Guidance Above Consensus
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NXP Semiconductors Reports Third Quarter 2020 Results
October 26, 2020 5:01 PM EDTEINDHOVEN, The Netherlands, Oct. 26, 2020 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the third quarter 2020, ended September 27, 2020.
Consistent with our pre-announcement on October 8, our third quarter results were significantly better than our original guidance, reflecting a strong rebound in demand across nearly all of our focus end markets. NXP delivered third quarter revenue of $2.27 billion, flat versus the year ago period, but up 25 percent on a sequential basis, and about 13 percent better than the mid-point of our guidance. Because of the higher revenue and good margin fall through,... More
