NXP Semiconductors (NXPI) Posts Beat and Raise Q2 Earnings
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NXP Semiconductors Reports Second Quarter 2022 Results
July 25, 2022 4:01 PM EDTEINDHOVEN, The Netherlands, July 25, 2022 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the second quarter, ended July 3, 2022.
NXP delivered quarterly revenue of $3.31 billion, an increase of 28 percent year-on-year and above the mid-point of our guidance range. Notwithstanding the clear macro-economic cross currents, NXP continues to perform well. Customer demand within the Auto and Industrial & IoT end-markets continues to exceed our incrementally improving supply, even as we risk-adjust our long term orders. New design win commitments are remarkably strong across our focus end-markets, which underpins... More
