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NXP reports Q2 revenue up 19% YoY

NXP reports Q2 revenue up 19% YoY to $3.5B, vs. $3.46B est., as it struggled to impress investors with a generally upbeat Q3 forecast; NXPI down 5%+ after hours

NXP Semiconductors NV struggled to impress investors with a generally upbeat forecast for the current period, the latest sign of deepening concern about the chip sector.

Source: Bloomberg · Opens in new tab