NXP closed the first quarter of 2026 with record profits. It posted $1.22 billion in profits, more than double the figure from a year earlier. Revenue also grew, by 12 percent, to $3.18 billion. All four market segments showed growth, leading to optimistic investors and a 14 percent increase in the stock’s value after the market closed.

The Eindhoven-based chipmaker exceeded Wall Street’s expectations on both profit and revenue. Adjusted earnings per share were $3.05, compared to an analyst estimate of $2.98. President and CEO Rafael Sotomayor spoke of a “broad-based improvement” across all four markets in which NXP operates, the result of “sustained investment, disciplined execution, and growing…