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NXP posted adjusted earnings per share of $4.20 for the third quarter, marking a significant increase from the $3.11 reported in the same period last year and surpassing the market consensus estimate of $4.12. The company's revenue for the third quarter soared to $3.79 billion, reflecting a robust 19% year-on-year growth and slightly exceeding the market consensus of $3.75 billion.
Looking ahead, NXP anticipates its adjusted earnings per share for the fourth quarter to fall within the range of $4.14 to $4.58, outpacing the market consensus of $4.36. Revenue for the upcoming quarter is projected to be between $3.75 billion and $3.95 billion, also surpassing the market consensus of $3.87 billion. Additionally, the adjusted gross margin is expected to range from 58.5% to 59.5%, coming in slightly below the market consensus of 59%.
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