NXP Semiconductors reported its Q3 2024 earnings with revenue of $3.25 billion, down 5% year-over-year and slightly below the estimated $3.26 billion. The company posted an adjusted EPS of $3.45, slightly above the estimated $3.42. The adjusted cash flow was $593 million, and the adjusted gross margin stood at 58.2%. GAAP EPS was $2.79, and capital returns totaled $564 million. However, NXP's guidance for Q4 2024 indicates revenue between $3.00 billion and $3.20 billion, below the estimated $3.36 billion, reflecting broader macroeconomic weakness, particularly in Europe and the Americas. The company cited a slowdown in the automotive industry and macro-related weakness in the Industrial & IoT market as key factors impacting its performance. NXP's shares fell 6.8% in premarket trading following the announcement.