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NXP Semiconductors NV (NASDAQ:NXPI) reported upbeat first-quarter financial results Tuesday after market close.
NXP Semiconductors' Q1 2024 revenue grew 12% year-over-year, beating consensus expectations.
KEY POINTS
- NXP's Q2 revenue guidance of $3.35-3.55 billion is above the Street's $3.27 billion consensus.
- NXP's Q2 adjusted EPS guidance of $3.29-3.72 surpasses analysts’ consensus of $3.17.
- Analysts at Needham and Stifel raised their price targets on NXPI following the earnings announcement.
COMPANIES
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