NXP reports record profit in Q1, stock price soars

NXP reported record Q1 2026 results, with $1.22 billion profit and $3.18 billion revenue both topping expectations.

Revenue grew across all four segments, led by strength in automotive and industrial businesses.

The company also raised its Q2 outlook, signaling momentum may continue into the next quarter.

Shares jumped 14% after hours as investors welcomed the stronger earnings and guidance.