NXP Semiconductors (NXPI) Tops Q3 EPS by 9c; guides Q4 in-line

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NXP Semiconductors Reports Third Quarter 2023 Results

November 6, 2023 4:10 PM EST

EINDHOVEN, The Netherlands, Nov. 06, 2023 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the third quarter, ended October 1, 2023.

NXP delivered quarterly revenue of $3.43 billion, $34 million above the midpoint of guidance. Revenue trends in our Mobile, Industrial & IoT and Automotive end-markets all performed in-line or better than anticipated, while our Communication Infrastructure & Other end market was slightly below our expectations. The combination of our third quarter results, and the mid-point of our fourth quarter guidance indicates revenue for the full year 2023 will be flat versus 2022 in a challenging and cyclical... More