Xilinx Announces Q2 Fiscal 2016 Results; Strong Profitability And New Product Growth

SAN JOSE, Calif., Oct. 14, 2015 — (PRNewswire) —  Xilinx, Inc. (Nasdaq: XLNX) today announced second quarter fiscal 2016 sales of $528 million, down 4% from the prior quarter and down 13% from the same quarter of the prior fiscal year. Second quarter fiscal 2016 gross margin was 70% and net income was $127 million, or $0.48 per diluted share.

Logo - http://photos.prnewswire.com/prnh/20020822/XLNXLOGO 

The Xilinx Board of Directors announced a quarterly cash dividend of $0.31 per outstanding share of common stock, payable on November 24, 2015 to all stockholders of record at the close of business on November 5, 2015.

Additional second quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)






Growth Rates


Q2
FY 2016

Q1
FY 2016

Q2
FY 2015


Q-T-Q

Y-T-Y

Net revenues

$528

$549

$604


-4%

-13%

Operating income

$153

$178

$200


-14%

-23%

Net income

$127

$148

$172


-14%

-26%

Diluted earnings per share

$0.48

$0.55

$0.62


-13%

-23%

"The quarter was characterized by solid profitability and strong new product growth. Sales performed as expected with increases from wired and wireless communications offsetting expected declines from defense," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "From a product perspective, we experienced a recovery in our 7 series products driven by exceptional strength from our Zynq®-7000 family and better-than-expected sales from our 20-nm UltraScale™ family.  In addition, I am pleased with our continued technology leadership which has allowed us to ship our 16-nm UltraScale+™ family sooner than anticipated."                                                      

Net Revenues by Geography:


Percentages  


Growth Rates


Q2

FY 2016

Q1

FY 2016

Q2

FY 2015


Q-T-Q

Y-T-Y

North America

30%

34%

32%


-17%

-19%

Asia Pacific

40%

36%

37%


6%

-7%

Europe

20%

19%

21%


1%

-17%

Japan

10%

11%

10%


-5%

-6%


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