NXP Semiconductors Reports First Quarter 2024 Results

April 29, 2024

https://www.globenewswire.com/news-release/2024/04/29/2871651/0/en/NXP-Semiconductors-Reports-First-Quarter-2024-Results.html

EINDHOVEN, The Netherlands, April 29, 2024 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ:NXPI) today reported financial results for the first quarter, which ended March 31, 2024. “NXP delivered quarterly revenue of $3.13 billion, in-line with the midpoint of guidance with all our focus end-markets performing as expected. Our first-quarter results, guidance for the second quarter, and our early views into the second half of the year underpin a cautious optimism that NXP is successfully navigating through this industry-wide cyclical downturn. We continue to manage what is in our control enabling NXP to drive solid profitability and earnings in a challenging demand environment,” said Kurt Sievers, NXP President and Chief Executive Officer.

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