NXP Q2 2026: revenue up 19.0% to $3.50 billion, margin 57.3%
NXP's June quarter looked strong: revenue rose 19.0% year on year to $3.50 billion, gross margin climbed 3.9 points to 57.3%, and non-GAAP earnings of $3.61 a share beat the $3.55 consensus estimate. The catch is that GAAP net income fell 31.6% sequentially only because the March quarter carried a $621 million one-off gain, so comparisons look worse than the business does. Read this as a growth inflection with a noisy GAAP line.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $3.02 against $1.75 a year ago, and non-GAAP EPS was $3.61 versus a $3.55 consensus estimate, a beat of about $0.06 or 1.6%. Most of the gap between the two is share-based compensation, which cost $0.41 a share. GAAP net income of $767 million fell 31.6% from the March quarter, but that quarter contained a $621 million gain, so the drop says little about operations.
Revenue of $3.50 billion grew 19.0% from a year ago and 10.0% from the March quarter, and every end market was up year on year. Automotive, the biggest piece at $1.94 billion, rose 12.0%, while Industrial & IoT grew 38.0% and Comm. Infra. & Other grew 41.0%. The exception is Mobile at $351 million, down 10.0% sequentially.
For the third quarter NXP guides revenue to a $3.75 billion midpoint within a ±2.7% range, implying 18% year-on-year growth. Non-GAAP gross margin is guided to 58.0% to 59.0%, above the 58.0% non-GAAP margin just reported and the 56.5% of a year ago. Non-GAAP EPS guidance is $3.89 to $4.32, a midpoint of $4.11.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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