NXP Rallies After Stronger Auto Market Bolsters Forecast (3)

NXP Semiconductors NV jumped as much as 17% in premarket trading after giving an upbeat revenue forecast, a sign the chipmaker is bouncing back from a prolonged auto industry slump and tariff uncertainties.

Revenue in the second quarter will be $3.35 billion to $3.55 billion, the Dutch company said in a statement on Tuesday. This beats the average analyst estimate of $3.27 billion, according to data compiled by Bloomberg.

“The momentum we have built is expected to accelerate through the remainder of 2026,” Chief Executive Officer Rafael Sotomayor said in the statement.

NXP shares soared in ...