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NXP Semiconductor's automotive, industrial & IoT and mobile chips all see double-digit growth


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Dutch chipmaker NXP Semiconductors N.V. only just beat expectations on revenue but fell some way short on earnings as it delivered its first-quarter financial results today.
The company reported a profit before certain costs such as stock compensation of $1.25 per share on revenue of $2.567 billion, up 27% from one year ago. Wall Street had been looking for a profit of $2.21 per share on revenue of $2.56 billion.
NXP Chief Executive Kurt Sievers (pictured) noted however that a “positive product mix” and the increased revenue from a year ago helped the company deliver an operating profit that was “in excess of our guidance.” ....

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NXP Semiconductors' 4Q Results, FY21 Revenue Guidance Beat Wall Street Targets — Earnings Review


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Dow Jones
By Maria Armental
NXP Semiconductors NV reported results for the quarter and year ended in December, helped by a rebound in mobile and automotive despite an earlier hit tied to the coronavirus pandemic. Here s what you need to know:
PROFIT: Net income for the quarter surged to $309 million from $114 million a year earlier. On a per-share basis, profit was $1.08, up from 40 cents a share. Analysts surveyed by FactSet had expected a profit of 89 cents a share.
REVENUE: Revenue for the quarter rose to $2.51 billion from $2.3 billion a year earlier. Analysts expected $2.46 billion, and the company had projected $2.38 billion to $2.53 billion. ....

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