NXP Semiconductors (NXPI) Reports Q1 EPS of $1.25, Revenue Beats, Offers Q2 Guidance

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Go back to NXP Semiconductors (NXPI) Reports Q1 EPS of $1.25, Revenue Beats, Offers Q2 Guidance

NXP Semiconductors Reports First Quarter 2021 Results

April 26, 2021 4:01 PM EDT

EINDHOVEN, The Netherlands, April 26, 2021 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the first quarter 2021, ended April 4, 2021.

NXP delivered first quarter revenue of $2.6 billion, an increase of 27 percent versus the year-ago period, and better than the mid-point of our guidance. Positive product mix and increased revenue helped deliver excellent operating profit in excess of our guidance. We continue to be encouraged by the long-term demand trends across all our end markets, which underpin our continued confidence of very robust growth throughout 2021, said Kurt Sievers, NXP President and Chief Executive... More