Earnings To Watch: NXP Semiconductors (NXPI) Reports Q4 Results Tomorrow

Petr Huřťák /
2023/01/30 4:03 am EST

Chip manufacturer NXP Semiconductors (NASDAQ: NXPI) will be reporting earnings today afternoon. Here's what you need to know.

Last quarter NXP Semiconductors reported revenues of $3.44 billion, up 20.4% year on year, in line with analyst expectations. It was a slower quarter for the company, with underwhelming revenue guidance for the next quarter and an increase in inventory levels.

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This quarter analysts are expecting NXP Semiconductors's revenue to grow 8.46% year on year to $3.29 billion, slowing down from the 21.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.63 per share.

NXP Semiconductors Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 0.94%.

Looking at NXP Semiconductors's peers in the semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Texas Instruments's revenues decreased 3.35% year on year, beating analyst estimates by 0.92%. Texas Instruments traded up 0.62% on the results. Read our full analysis of Texas Instruments's results here.

There has been positive sentiment among investors in the semiconductors segment, with the stocks up on average 18.6% over the last month. NXP Semiconductors is up 16.1% during the same time, and is heading into the earnings with analyst price target of $185.3, compared to share price of $180.07.

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The author has no position in any of the stocks mentioned.