NXP Semiconductors' first quarter 2026 revenue of $3.18B and EPS of $3.05 beat estimates, led by robust Industrial & IoT growth.

NXP Semiconductors reported first quarter 2026 revenue of $3.18 billion, up 12% year-over-year, and non-GAAP EPS of $3.05, up 16% year-over-year, both ahead of analyst expectations. The results were driven by broad-based growth across all end-markets, with particular strength in the Industrial & IoT segment.

Key Highlights

• Industrial & IoT revenue grew 24% year-over-year to $628 million, while the core Automotive segment grew 6% to $1.78 billion.
• Non-GAAP gross margin expanded to 57.1% from 56.1% in the prior year, and non-GAAP operating margin increased to 33.1% from 31.9%.
• The company generated $714 million in non-GAAP free cash flow and returned $358 million to shareholders through dividends and share repurchases.