NXP Semiconductors (NXPI) Tops Q2 EPS by 15c, Offers Guidance

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NXP Semiconductors Reports Second Quarter 2023 Results

July 24, 2023 4:10 PM EDT

EINDHOVEN, The Netherlands, July 24, 2023 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the second quarter, ended July 2, 2023.

NXP delivered quarterly revenue of $3.3 billion at the high end of guidance, with revenue trends in all our focus end-markets performing better than anticipated. Our first-half results and guidance for the third quarter underpin our confidence that NXP is successfully navigating through the cyclical downturn in our consumer-exposed businesses. At the same time, we see continued strength in our automotive, core-industrial and communications infrastructure businesses, said Kurt Sievers, NXP President and Chief... More