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The company, which has been passing on costs to its customers to help support income, guided for current-quarter adjusted earnings per share of between $3.44 to $3.86, implying a mid-point of $3.65. Bloomberg consensus estimates had seen the figure at $3.61.
In the three months ended on Oct. 1, NXP reported profit per share of $3.70 on revenue of $3.43 billion, beating estimates of $3.61 and revenue of $3.40B.
“The combination of our third-quarter results, and the mid-point of our fourth quarter guidance indicates revenue for the full year 2023 will be flat versus 2022 in a challenging and cyclical market environment,” said Kurt Sievers, NXP President and Chief Executive Officer, in a statement.
Yasin Ebrahim contributed to this report.
