NXP Semiconductors N.V. reported financial results for the third quarter of 2026, which ended on September 27, 2026. The company announced a $5 billion increase to its share repurchase authorization. According to the filing, total revenue for the quarter was $3.79 billion, representing an 8% sequential increase and a 19% year-over-year rise.
Key financial metrics for the period included a GAAP gross margin of 57.8% and a GAAP operating margin of 32.4%. Non-GAAP measures showed a gross margin of 58.6% and an operating margin of 37.1%. The company reported GAAP diluted net income per share of $3.48 and non-GAAP diluted net income per share of $4.20.
Regarding capital allocation, cash flow from operations totaled $1.26 billion. Net capital expenditures were $50 million, resulting in non-GAAP free cash flow of $1.21 billion, or 31.9% of revenue. During the quarter, capital return totaled $359 million, comprising $256 million in dividends and $103 million in share buybacks.
The company also provided guidance for the fourth quarter of 2026. Revenue is expected to be between $3.75 billion and $3.95 billion, with non-GAAP diluted earnings per share projected to range from $4.14 to $4.58.
