NXP Semiconductors (NXPI) Q2 Earnings Meet, Revenues Fall Y/Y

NXP Semiconductors N.V. (NXPI) delivered second-quarter 2024 non-GAAP earnings of $3.20 per share, which was in line with the Zacks Consensus Estimate. The figure decreased 6.7% year over year. Revenues of $3.13 billion beat the Zacks Consensus Estimate by 0.04%. The figure declined 5% from the yearago level. The company witnessed sluggishness in the Automotive, and Communication Infrastructure & Others markets. Nevertheless, strong momentum across the Industrial & IoT, and Mobile end markets were positive. ...