10-Q · July 28, 2026
NXP delivered a strong Q2 recovery, with revenue of $3.496 billion up 19.5% year over year and 9.9% sequentially, while GAAP gross margin expanded to 57.3% and operating margin improved to 30.6% from 23.5% a year…
Earnings analysis · 10-Q
NXPI earnings analysis
Filed October 27, 2026 · Our reading of the company's report
The latest report
NXP reported Q3 revenue of $3.786 billion and non-GAAP EPS of $4.20, beating consensus by 0.57% and 3.7%, respectively. Revenue, EPS, and non-GAAP free cash flow of $1.206 billion all improved substantially versus Q2…
Read full summary
NXP reported Q3 revenue of $3.786 billion and non-GAAP EPS of $4.20, beating consensus by 0.57% and 3.7%, respectively. Revenue, EPS, and non-GAAP free cash flow of $1.206 billion all improved substantially versus Q2 2026 and Q3 2025. The company provided a quantitative Q4 outlook but did not disclose the prior outlook, while the 10-Q states that there were no material changes to risk factors from the December 31, 2025 Form 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $4.2
- Segment
- Industrial and infrastructure segments were identified as growth drivers; segment revenue amounts were not included in the supplied 10-Q extract.
What stood out
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Revenue beat and year-over-year growth
Q3 revenue was $3.786 billion, exceeding the $3.764674168 billion consensus estimate by 0.57%. Revenue increased 8.2% from $3.5 billion in Q2 2026 and 19.5% from $3.17 billion in Q3 2025.
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EPS exceeded consensus
Q3 non-GAAP EPS was $4.20 versus the $4.05 consensus estimate, a 3.7% beat. EPS increased 39.1% from $3.02 in Q2 2026 and 69.4% from $2.48 in Q3 2025.
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Free cash flow surged
Non-GAAP free cash flow was $1.206 billion, up 52.5% from $791 million in Q2 2026 and 137.4% from $508 million in Q3 2025.
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Expanded share repurchase authorization
The Board approved a new $5 billion 2026 Share Repurchase Program on October 12, 2026. Approximately $1.3 billion remained under the prior $2 billion 2024 Share Repurchase Program at September 27, 2026.
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Quantitative Q4 outlook provided
Q4 2026 outlook calls for revenue of $3.750-$3.950 billion and non-GAAP EPS of $4.14-$4.58. The supplied materials do not state whether this represents a raised, maintained, or lowered outlook.
What to watch
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No update to existing risk factors
The filing states there were no material changes to risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2025. This limits evidence of newly emerging risks in the 10-Q, but does not eliminate the previously disclosed risks.
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Material non-GAAP earnings adjustments
The Q4 outlook includes non-GAAP EPS of $4.14-$4.58 versus GAAP EPS of $3.36-$3.79, indicating a material adjustment range that may complicate earnings comparability.
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Larger capital allocation commitment
The company has authorized up to $5 billion under the 2026 Share Repurchase Program while approximately $1.3 billion remained available under the $2 billion 2024 program at September 27, 2026. The expanded authorization increases potential capital-allocation exposure if operating conditions weaken.
Management's outlook
The 10-Q materials supplied do not provide a prior company outlook, so direction cannot be determined. Q4 2026 non-GAAP EPS guidance is $4.14-$4.58 and revenue guidance is $3.750-$3.950 billion; GAAP EPS guidance is $3.36-$3.79.
Earlier filings 4
10-Q · April 28, 2026
NXP reported Q1 2026 revenue of $3,181 million, up 12.2% year‑over‑year, with GAAP diluted EPS of $4.43. Gross margin improved to 56.2% and operating margin expanded to 47.3%, driven largely by a $627 million gain on…
10-K · February 19, 2026
NXP reported full-year 2025 revenue of $12,269 million, down from $12,614 million in 2024, while continuing to execute M&A to bolster automotive, AI-edge and in-vehicle networking capabilities. The company presents a…
10-Q · April 29, 2025
NXP Semiconductors reported revenue of $2.84 billion for Q1 2025, a decrease from $3.13 billion in Q1 2024. Although there was an EPS beat at $1.92 against estimates of $2.58, the overall financial performance showed…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.