April 28 (Reuters) - NXP Semiconductors ( NXPI ) forecast second-quarter revenue and profit above Wall Street expectations on Tuesday, betting on an ongoing recovery in the industrial and automotive chip markets to boost revenue, sending its shares up 15% in extended trading.

NXP derives most of its revenue from the automotive and industrial markets, where new orders are on the uptick after a prolonged slump as end-market customers clear out excess inventory built up during the pandemic.

-- NXP forecast second-quarter revenue between $3.35 billion and $3.55 billion, compared with estimates of $3.27 billion, according to data compiled by LSEG.

-- It expects quarterly adjusted profit per share of between $3.29 and $3.72, above estimates of $3.17 per share.

-- Analog chipmaker Texas Instruments ( TXN ) also provided a strong forecast last week, bolstered by data center and industrial chip demand.

-- NXP's revenue for the first quarter came in at $3.18 billion, beating estimates of $3.16 billion.

-- On an adjusted basis, the company earned $3.05 per share, compared with estimates of $2.95 per share.