July 28 (Reuters) - NXP Semiconductors NXPI.O forecast quarterly revenue above estimates on Tuesday, signaling robust demand for its chips used in the automotive, industrial and data center markets.
Here are some details:
NXP's gains in areas such as software-defined vehicles, radar and electrification have helped the automotive unit counter sluggish global vehicle production.
It expects third-quarter revenue of between $3.65 billion and $3.85 billion, the midpoint of which is above analysts' average estimate of $3.69 billion, according to data compiled by LSEG.
Adjusted profit is expected to be between $3.89 and $4.32 per share, compared with estimates of $3.98.
Growth has also been bolstered by its expanding data center business, as it ramps up offerings for AI-related infrastructure.
"Underlying these results, AI is moving from the cloud into the physical world — into vehicles, factories, and robots — and it lands directly in the markets where NXP has leadership positions," CEO Rafael Sotomayor said.
Second-quarter revenue rose 19% to $3.50 billion, compared with estimates of $3.46 billion. Adjusted profit came in at $3.61 per share, beating estimates of $3.50.
(Reporting by Anhata Rooprai in Bengaluru; Editing by Sriraj Kalluvila)