NXP Semiconductors' second quarter revenue grew 19% to $3.5B, beating estimates alongside strong guidance.

NXP Semiconductors reported second quarter 2026 revenue of $3.50 billion, up 19% year-over-year, and non-GAAP EPS of $3.61. The results exceeded analyst expectations for both revenue and earnings, driven by broad-based growth across all end markets.

Key Highlights

• Industrial & IoT revenue demonstrated significant momentum, growing 38% year-over-year to $755 million, with Communications Infrastructure & Other also growing a strong 41% to $452 million.
• The company's profitability improved, with non-GAAP gross margin expanding to 58.0% from 56.5% in the prior-year quarter, and non-GAAP operating margin increasing to 35.1% from 32.0%.
• NXP guided for third quarter revenue with a midpoint of $3.75 billion, representing 7% sequential growth and 18% year-over-year growth at the midpoint, ahead of typical seasonality.