Revenue Exceeds Midpoint of Guidance
NXP's Q1 revenue was $10 million better than the midpoint of guidance, totaling $2.84 billion.
Guidance for Q2 Shows Sequential Growth
Q2 revenue is guided to $2.9 billion, up 2% sequentially, despite a 7% year-on-year decline.
Strategic Acquisition of Kinara
NXP announced the acquisition of Kinara for $307 million to enhance its AI-powered edge-based systems, expected to be accretive by 2028.
Non-GAAP Earnings Beat
Non-GAAP earnings per share for Q1 was $2.64, $0.05 better than midpoint guidance.
CEO Transition Plan
CEO Kurt Sievers announced his retirement plan, with Rafael promoted to President and taking over as CEO in October 2025.