NXP Semiconductors Reports Q2 Results, Provides Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/NXPI'>NXP Semiconductors N.V. (NASDAQ:NXPI)</a> reported its Q2 results, with GAAP EPS of $2.53 coming in significantly worse than the Street estimate of $3.39. Revenue came in at $3.31 billion, compared to the Street estimate of $3.27 billion, as demand continues to exceed supply in its core end markets (Auto/Industrial beat slightly in Q2, while Mobile and Comms were relatively in-line).</p>
<p>While recent macroeconomic weakness is not yet being reflected in the company's results, management did acknowledge "clear macro-economic cross currents" in the press release and bought back virtually no shares for the first time since mid-2020. </p>
<p>The company expects Q3/22 revenue to be in the range of $3.35-3.5 billion, compared to the Street estimate of $3.33 billion.</p>

NASDAQ:NXPI