NXP Semiconductors Reports Q3 Results and Announces $5 Billion Share Buyback Program
NXP Semiconductors (NXPI) reported strong third-quarter results, exceeding its previous outlook across all end markets. The company achieved revenue of $3.79 billion, with a non-GAAP operating margin of 37% and non-GAAP earnings per share (EPS) of $4.20. Looking ahead, NXP provided guidance for Q4 revenue of approximately $3.85 billion and set an ambitious long-term target of a 60% gross margin by 2027. To enhance shareholder value, the company also announced a significant new $5 billion share buyback program.
Tickers: $NXPI
Topics: earnings report EPS operating margin revenue
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