NXP Shares Surge 20%+ on Q1 Beat, Strong Q2 Guidance

NXP Semiconductors NV shares surged more than 20 percent on Wednesday, April 29, 2026, reaching around $314 in morning Nasdaq trading, after the company reported first-quarter results that exceeded analyst expectations and issued upbeat guidance for the second quarter.

The Eindhoven, Netherlands-based chipmaker posted revenue of $3.18 billion for the quarter ended March 29, up 12 percent from a year earlier and above the average analyst estimate of $3.16 billion. Non-GAAP diluted earnings per share came in at $3.05, surpassing forecasts of $2.98. GAAP net income reached $1.22 billion, more than double the year-ago figure of $455 million, aided by a one-time gain from the February sale of its MEMS sensors business for $900 million.

Growth spanned all four end markets. Automotive, which accounts for more than half of revenue, generated $1.78 billion, up 6 percent year over year and 10 percent on an adjusted basis excluding the MEMS divestiture. Industrial IoT rose 24 percent to $628 million, driven by factory automation, data centers and energy storage. Communications infrastructure increased 21 percent to $380 million, while mobile edged up 16 percent to $391 million.