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Updated July 25, 2022 / Original July 24, 2022
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NXP Semiconductors reports earnings on Monday, kicking off earnings season for chip stocks. But many investors and analysts are bracing themselves for muted results across the industry, as companies continue to battle with supply chain interruptions and slowing consumer demand.
“The ongoing ‘purgatory’ stage of the semiconductor cycle continues to be in full effect as we head into 2Q22 earnings season,” writes Deutsche Bank analyst Ross Seymore.