NXP Semiconductors down after forecasting fourth-quarter sales below estimates

Nxp Semiconductors NV

27/10/2026 20:35

** Shares of NXP Semiconductors NXPI.O down about 7% at $236.22 after the bell
** NXPI sees Q4 sales between $3.75 billion and $3.95 billion, the mid-point of which is slightly below analysts' estimates of $3.86 billion - data compiled by LSEG
** Expects Q4 adjusted EPS in the range of $4.14 to $4.58, compared with estimates of $4.32
** Slightly beats estimates for Q3 sales, revenue on growth drivers in automotive and industrial as well as continued momentum in data center infrastructure 
** In October, NXPI authorized a $5 billion share repurchase program in addition to the $1.3 billion remaining under the prior authorization
** As of last close, stock up ~17% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))