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General

NXP guides for much higher operating profit in Q4

Tuesday 27 October 2020 | 10:42 CET | News
NXP Semiconductors confirmed its better-than expected preliminary results for the third quarter, and provided an outlook for the fourth quarter, seeing lower revenues on a sequential basis but higher figures elsewhere. For Q4, the company is guiding for revenues of USD 2.375-2.525 billion, a gross profit margin of 50.9-51.6 percent, and an operating profit leaping to USD 425-499 million. The adjusted operating profit is seen reaching USD 692-766 million.

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Categories: General
Companies: NXP Semiconductors
Countries: World
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