NXP Semiconductors reported strong Q3 earnings with sales up 19% and EPS beating estimates, but its cautious Q4 revenue outlook, especially in the automotive segment, triggered a selloff in auto-exposed chipmakers. ON Semiconductor, heavily tied to automotive power chips, fell 5%, while NXP dropped 4%. Skyworks, less exposed to auto, gained 1%. The market is watching if ON Semiconductor's upcoming report confirms the auto demand slowdown, which could signal broader weakness or a buying opportunity in auto chips. Interest rate decisions add further uncertainty.
Following the cautious outlook from NXP Semiconductors that stirred concerns over auto chip demand, NXP shares are down 3.04% at USD 245.79 on Pluang as of Oct 29, 2026 00:31 WIB. ON Semiconductor also reflects this sentiment with a 4.84% drop to USD 74.86, despite all Pluang orders currently being buys. Meanwhile, Skyworks, less tied to automotive, is up 1.30% at USD 86.61, showing some resilience in the chip sector.
NXP Semiconductors reported a 19% year-on-year revenue increase to $3.8 billion in Q3 2026, driven by growth in automotive, industrial, and data center sectors. The company posted strong profitability with GAAP operating margin at 32.4% and generated...
Volkswagen Group has formed a strategic partnership with NXP Semiconductors to use NXP's S32K5 microcontrollers as a core component in its upcoming software-defined vehicle (SDV) architecture, starting with a model planned for 2027. This collaboratio...
