NXP Semiconductors Projects Q3 Revenue Decline Amid Automotive Demand Drop
NXP Semiconductors (NASDAQ: NXPI) has announced a projected revenue decline for Q3, largely due to reduced automotive demand and geopolitical tensions, causing an 8% drop in stock during after-hours trading. The company anticipates revenue between $3.15 billion and $3.35 billion, falling short of analyst expectations. Despite challenges in the automotive sector, NXP’s mobile division saw a 21% revenue increase. Investors are closely monitoring NXP’s strategic investments and market adaptations amid ongoing semiconductor industry volatility.
New NXP i.MX 93-Based System-on-Modules Launched by MYiR, Variscite, and Compulab
Discover the latest NXP i.MX 93-based system-on-modules launched by MYiR, Variscite, and Compulab. These modules offer advanced features for industrial, IoT, and automotive applications, with the powerful NXP i.MX 93 processor at their core. Learn about the key offerings from MYiR, Variscite, and Compulab, and how these modules are revolutionizing the embedded systems market.
Stocks Experience Significant Movement in After-Hours Trading Session
Discover the significant after-hours stock movements of companies like Paramount, NXP Semiconductors, Chegg, and F5. Learn why monitoring after-hours trading activity is crucial for investors and how it can impact investment decisions.
NXP Semiconductors Reports Fourth-Quarter Results Topping Wall Street Estimates
Investing.com — NXP Semiconductors reported Monday fourth-quarter results that topped Wall Street estimates, and the auto chipmaker delivered guidance that was in-line with expectations. NXP Semiconductors NV (NASDAQ:NXPI) shares were up more than 2% in after-hours trading following the report….