semiconductor / news / / The Star
NXP derives most of its revenue from the automotive and industrial chip markets.
NXP Semiconductors forecast Q2 revenue of $3.35–$3.55 billion, above Wall Street estimates.
KEY POINTS
- NXP expects Q2 adjusted profit per share of $3.29–$3.72, surpassing the $3.17 estimate.
- New orders in automotive and industrial chip markets are recovering as customers deplete excess inventory.
- NXP's Q1 revenue and profit both exceeded analyst expectations, signaling stronger market demand.
COMPANIES
Summarized by Newsio from The Star. How we summarize →