NXP Semiconductors (NXPI) Misses Q3 EPS by 81c, Revenue Beats, Offers Guidance

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NXP Semiconductors Reports Third Quarter 2021 Results

November 1, 2021 4:05 PM EDT

EINDHOVEN, The Netherlands, Nov. 01, 2021 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the third quarter 2021, ended October 3, 2021.

"NXP delivered third-quarter revenue of $2.9 billion, an increase of 26 percent versus the year-ago period, and better than the mid-point of our guidance. Overall, customer adoption of our latest products as well as long-term demand trends across our end markets remain at unprecedented levels. We continue to take additional actions to assure supply to our customers, which underpins our continued confidence in robust growth in the remainder of 2021 and through 2022, said... More