NXP Semiconductors NV

NASDAQ:NXPI   3:17:32 PM EDT
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Other Pre-Announcement

NXP Semiconductors NV Sees Q3 Revenue $2.27 Billion

Published: 10/08/2020 20:11 GMT
NXP Semiconductors NV (NXPI) - Nxp Semiconductors Updates View of Third Quarter 2020 Performance and Sets Date to Review Detailed Financial Results.
Announces a Significant Improvement in Our Outlook for Q3.
Experienced Material Improvement in Demand Across All End Markets, But Particularly in Automotive and Mobile End Markets in Q3.
In Q3, Demand Improved in Both Our Direct and Distribution Channels.
Given Improved Outlook, We Increased Operating Expenses in Relation to Non-executive Variable Incentive Compensation in Q3.
Sees Q3 Revenue $2,267 Million.
Prelim Q3 Non GAAP Gross Margin of 50.1%.
Sees Q3 GAAP Gross Margin of 48.1%.
Q3 Revenue View $2.00 Billion -- Refinitiv Ibes Data (analyst estimates).
Prelim Q3 Non GAAP Operating Income $586 Million; GAAP Operating Income of $32 Million.