# NXP's stock rose 23% to $284.17 on Wednesday following its earnings report the previous evening.

*semiconductor · news · 2026-04-29 · MarketScreener*

## Key points

- NXP Semiconductors' first-quarter profit more than doubled, driven by automotive and industrial processing demand.
- NXP raised its full-year 2026 revenue growth outlook to double digits, above the prior 6%-10% guidance.
- Management cited software-defined vehicles and physical AI as key growth drivers for NXP's business.
- NXP's optimistic outlook suggests a broader industry recovery benefiting other auto and industrial chipmakers.

**Companies:** NXP Semiconductors, On Semiconductor, Microchip Technology, Analog Devices
**Countries:** Netherlands

[Read the full story on MarketScreener](https://www.marketscreener.com/news/nxp-semiconductors-bright-outlook-drives-up-chipmaker-stocks-ce7f58dadb88f72d)

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