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%


1 | 2  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
ICScape: At the Junction of Math & CS, EDA & IP
Peggy AycinenaIP Showcase
by Peggy Aycinena
Arm Momentum: Segars embraces exciting times
More Editorial  
Jobs
Senior SW Developer for EDA Careers at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, Germany
REVISED***Director Product Line RF/IC for EDA Careers at San Jose, CA
Upcoming Events
“Empowering Leadership with WIT and WISDOM” at SEMI 673 South Milpitas Blvd. Milpitas CA - Nov 28, 2017
Artificial Intelligence and Convolution Neural Networks Discussion at San Jose State University Student Union Theater San Jose CA - Dec 4, 2017
Silicon Valley's Only Comprehensive Embedded Systems Conference at San Jose Convention Center 150 W. San Carlos St. San Jose CA - Dec 5 - 7, 2017
Oski Technology’s Decoding Formal Club Meeting at The Conference Center San Jose CA - Dec 7, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise