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NXP Semiconductors

NXP Semiconductors (NXPI) Q1 2026 Earnings

Reported Apr 28, 2026 at 4:19 PM ET · SEC Source

Q1 26 EPS

$3.05

BEAT +2.85%

Est. $2.97

Q1 26 Revenue

$3.18B

BEAT +0.78%

Est. $3.16B

vs S&P Since Q1 26

+2.8%

BEATING MARKET

NXPI +8.5% vs S&P +5.6%

Market Reaction

Did NXPI Beat Earnings? Q1 2026 Results

NXP Semiconductors delivered a solid first quarter for fiscal 2026, posting revenue of $3.18 billion, up 12.2% year over year and ahead of the $3.16 billion consensus estimate, while non-GAAP diluted EPS of $3.05 cleared the $2.97 analyst forecast by… Read more NXP Semiconductors delivered a solid first quarter for fiscal 2026, posting revenue of $3.18 billion, up 12.2% year over year and ahead of the $3.16 billion consensus estimate, while non-GAAP diluted EPS of $3.05 cleared the $2.97 analyst forecast by 2.85%. The broad-based strength was fueled by improvement across all four of the company's focus end markets, with Industrial and IoT leading the way at $628 million, up 24% year over year, and the core Automotive segment contributing $1.78 billion despite a modest sequential step-down. NXP also generated $714 million in non-GAAP free cash flow, equal to 22.4% of revenue, underscoring the operational discipline behind the headline numbers. Shares climbed to a 52-week high on the results, with analysts broadly raising price targets in response. Looking ahead, management guided Q2 2026 revenue to a midpoint of $3.45 billion, implying approximately 18% year-over-year growth, with non-GAAP EPS expected between $3.29 and $3.72, signaling confidence that momentum will accelerate through the remainder of the year.

Key Takeaways

  • • Broad-based improvement across all four focus end markets
  • • Company-specific growth drivers in industrial and automotive processing
  • • Growing customer adoption of differentiated portfolio for software-defined vehicles and physical AI
  • • Sustained investment and disciplined execution
  • • One-time $627 million gain from MEMS Sensors business divestiture boosting GAAP results

NXPI Forward Guidance & Outlook

For Q2 2026, NXP guided total revenue of $3,350 million to $3,550 million (midpoint $3,450 million), representing approximately 18% year-over-year growth and 5%–12% sequential growth. Non-GAAP gross margin is expected at 57.5%–58.5%, non-GAAP operating margin at 33.8%–35.6%, and non-GAAP diluted EPS of $3.29 to $3.72. The tax rate is expected to be 17.5%–18.5%. Management indicated that momentum is expected to accelerate through the remainder of 2026, with progress extending across the core of the business.

24/7 Wall St

NXPI YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

NXPI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“NXP delivered quarterly revenue of $3.18 billion, up 12% year over year, with broad-based improvement across all of our focus end markets, led by our company-specific growth drivers. Our growth reflects sustained investment, disciplined execution, and growing customer adoption of our differentiated portfolio, particularly in industrial and automotive processing that supports software-defined vehicles and physical AI. The momentum we have built is expected to accelerate through the remainder of 2026, with progress increasingly extending across the core of our business. We remain committed to disciplined investment, margin expansion, and portfolio optimization to deliver sustainable, long-term value for our shareholders.”

— Rafael Sotomayor, Q1 2026 Earnings Press Release

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