NXP Semiconductors (NASDAQ: NXPI) reported first-quarter results that slightly exceeded Wall Street expectations, but shares fell more than 8% in pre-market trading following a cautious outlook and news of an upcoming CEO transition.
Adjusted earnings per share stood at $2.64 for the quarter, topping analyst estimates of $2.60. Revenue came in at $2.84 billion, just ahead of the $2.83 billion consensus forecast.
Despite the solid performance, the company flagged ongoing market volatility and uncertainty tied to global trade tensions, prompting a more cautious tone for the quarters ahead. Management emphasized a continued focus on maintaining profitability and operational discipline amid external pressures.
Separately, NXP announced that CEO Kurt Sievers will retire at the end of 2025. Rafael Sotomayor, a senior executive at the company, has been appointed as his successor and will officially take over on October 28, following a transition period.
For the second quarter, NXP projected earnings between $2.46 and $2.86 per share and revenue in the range of $2.8 billion to $3 billion. The midpoints of the guidance align closely with analyst expectations but highlight management’s cautious stance as broader market uncertainties persist.
Currently, the consensus rating on the company is “Overweight”, with an average price target of $236.79, which implies a more than 20% potential upside from the current stock price.
As of the latest update, NXP Semiconductors (NASDAQ: NXPI) stock is down 8.01%, trading at $180.52.
David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
