The strong beat-and-raise quarter with accelerating revenue growth, margin expansion, and deleveraging supports a bullish thesis. Watch for continued momentum in Industrial IoT and Communications Infrastructure segments, which grew 38% and 41% YoY respectively, and monitor the Q3 earnings call for updates on Data Center growth trajectory and any tariff/trade policy impacts.
Price Chart
Executive Summary
NXP Semiconductors reported Q2 2026 revenue of $3.50B, up 19% YoY and 10% sequentially, with broad-based growth across all end markets. Non-GAAP EPS of $3.61 beat the $3.53 consensus by 2.3%, while revenue slightly exceeded the $3.46B estimate. Q3 guidance for revenue of $3.65-3.85B (+15-21% YoY) and non-GAAP EPS of $3.89-4.32 implies continued strong momentum, driven by Software-Defined Vehicles, Physical AI, and Data Center growth. The company also reduced net leverage to 1.5x and generated $791M in free cash flow (22.6% of revenue). This is a strong beat-and-raise quarter with accelerating fundamentals across all key metrics.
Key Financial Metrics
Key Facts
- Q2 2026 revenue of $3.50B, up 19% YoY and 10% QoQ, above consensus of $3.46B
- Non-GAAP EPS of $3.61 beat consensus of $3.53 by 2.3%
- Q3 2026 revenue guidance of $3.65-3.85B (+15-21% YoY) and non-GAAP EPS of $3.89-4.32
- Non-GAAP gross margin expanded to 58.0% from 56.5% YoY; non-GAAP operating margin expanded to 35.1% from 32.0% YoY
- Industrial IoT revenue grew 38% YoY, Communications Infrastructure & Other grew 41% YoY, Automotive grew 12% YoY
- Free cash flow of $791M (22.6% of revenue); net leverage reduced to 1.5x from 1.8x YoY
- Trailing twelve-month adjusted EBITDA of $5.11B, up from $4.75B YoY
Financial Impact
Revenue beat by ~$40M (1.2%), EPS beat by $0.08 (2.3%), Q3 guidance midpoint of $3.75B implies 18% YoY growth and non-GAAP EPS midpoint of $4.11 implies 51% YoY growth
Risk Factors
- Potential tariff/trade policy disruptions impacting global supply chains
- Cyclical semiconductor demand slowdown or inventory correction
- Execution risk in maintaining growth in Software-Defined Vehicles and Physical AI markets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001413447-26-000044 |
| Document: nxpi-20260728.htm | 0001413447-26-000044 |
| Document: 0001413447-26-000044-index-headers.html | 0001413447-26-000044 |
| Document: 0001413447-26-000044-index.html | 0001413447-26-000044 |
| Document: 0001413447-26-000044.txt | 0001413447-26-000044 |
| 8-K Data (Synthetic) | 0001413447-26-000044 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | 8-K | $224.99 $243.66 | ▲ +8.30% | ▲ +9.49% | $243.66 (+8.30%) |
Aug 28, 2026 5w ago | Press Release | $224.64 $236.47 | ▲ +5.27% | ▲ +5.45% | $243.66 (+8.47%) |
Jul 28, 2026 9w ago | 8-K | $240.98 $223.15 | ▼ −7.40% | ▼ −12.42% | $243.66 (+1.11%) |
Jun 11, 2026 16w ago | 8-K | $302.55 $290.54 | ▼ −3.97% | ▼ −5.86% | $243.66 (−19.46%) |
Apr 27, 2026 22w ago | DEFA14A | $236.87 $332.67 | ▲ +40.44% | ▲ +35.49% | $243.66 (+2.87%) |
Apr 27, 2026 22w ago | DEFA14A | $236.87 $332.67 | ▲ +40.44% | ▲ +35.49% | $243.66 (+2.87%) |
Apr 23, 2026 23w ago | Insider Cluster | $241.16 $310.15 | ▼ −28.61% | ▼ −23.97% | $243.66 (−1.04%) |
Apr 20, 2026 23w ago | 8-K | $224.50 $291.68 | ▲ +29.92% | ▲ +25.01% | $243.66 (+8.53%) |
Apr 9, 2026 25w ago | Press Release | $205.67 $303.55 | ▲ +47.59% | ▲ +40.02% | $243.66 (+18.47%) |
Mar 16, 2026 28w ago | Press Release | $193.02 $209.39 | ▲ +8.48% | ▲ +4.18% | $243.66 (+26.24%) |
US Market Status
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