NXP revenue jumps 19% but shares slide after hours
Dutch chipmaker NXP reported third-quarter revenue of $3.79 billion. The shares nevertheless fell more than 7% in extended trading.
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Dutch chipmaker NXP Semiconductors reported third-quarter 2026 revenue of $3.79 billion, up 19% from a year earlier and 8% from the previous quarter, the Eindhoven-based company said Tuesday. Adjusted earnings per share were $4.20, above the analysts' estimate of $4.11. Automotive chips remained its largest business at $2.07 billion, up 13%; industrial and Internet of Things sales rose 39% and communications infrastructure 54%. Only the mobile business shrank, by 4%.
For the fourth quarter, NXP forecast revenue of $3.75 billion to $3.95 billion. It guided to adjusted earnings per share of $4.36 at the midpoint. The stock nevertheless fell 7.6% to $234.25 in after-hours trading, Investing.com reported.
The company also announced a new $5 billion share buyback and reaffirmed its goal of doubling adjusted earnings per share by 2030 from 2024 levels. Its S32 platform for software-defined vehicles is already running at more than $1.5 billion in annual revenue, it said.