According to the report from cnYES, automotive chipmaker NXP Semiconductors N.V. reported financial results for the second quarter on July 25. The report pointed that owing to the strong demand within the Auto and Industrial and IoT end-markets, NXP's quarterly revenue increased by 36% year-on-year to $1.713 billion. Hence, the company delivered better earning expectations for Q3.

NXP reported a year-on-year revenue increase of 27.6% to $3.31 billion, a Non-GAAP EPS increase of 78% to $3.55 and a Non-GAAP gross margin increase of 57.8%, for the three months ended July 3, all exceeding the expectations.

In terms of the performance of each division, NXP's Q2 automotive revenue increased 36% to $1.713 billion, industrial and IoT revenue increased 25% to $713 million, mobile revenue increased 12% to $388 million, and communications infrastructure and other revenue increased 20% to $498 million.

NXP announced Q3 revenue will be between $3.35 billion and $3.5 billion, better than analysts' estimate of $3.32 billion, and gross margin is estimated to reach 58.3%, better than the expected 57.6%.

Source from Tencent