Quarterly ResultApr 28, 2026, 04:12 PM
NXPI Q1 Revenue +12% to $3.18B; Non-GAAP EPS $3.05
AI Summary
NXP Semiconductors reported strong first-quarter 2026 financial results, with revenue increasing 12% year-over-year to $3.18 billion, driven by broad-based improvement across all end markets. Non-GAAP diluted net income per share rose 16% to $3.05. The company also completed the sale of its MEMS Sensors business for $878 million and provided an optimistic outlook, expecting momentum to accelerate through 2026.
Key Highlights
- Completed sale of MEMS Sensors business for $878 million, generating a $627 million gain.
- Q1 Revenue increased 12% year-over-year to $3.18 billion.
- Non-GAAP diluted Net Income per Share was $3.05, up 16% year-over-year.
- Generated $714 million in non-GAAP free cash flow, 22.4% of revenue.
- Returned $358 million to shareholders through buybacks and dividends.
- Repaid $500 million aggregate principal amount of senior unsecured notes.
- Industrial & IoT segment revenue grew 24% year-over-year to $628 million.
- Q2 2026 revenue guidance set between $3.35 billion and $3.55 billion.