Xilinx Reports Record Revenues; Ninth Consecutive Quarter Of Revenue Growth

SAN JOSE, Calif., Jan. 24, 2018 — (PRNewswire) —  Xilinx, Inc. (Nasdaq: XLNX) today announced record sales of $631 million for the third quarter of fiscal year 2018, up approximately 2% from the prior quarter and up 8% from the third quarter of the prior fiscal year.  December quarter net income was $12 million, or $0.05 per diluted share. Due to the recent enactment of the Tax Cuts and Jobs Act, Xilinx incurred a tax expense of approximately $183 million in the December quarter.

Xilinx is the worldwide leader of programmable logic solutions. (PRNewsFoto/Xilinx)

The Xilinx Board of Directors declared a quarterly cash dividend of $0.35 per outstanding share of common stock payable on February 22, 2018 to all stockholders of record at the close of business on February 7, 2018.  

Additional December quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)



Q3

FY 2018

Q2

FY 2018

Q3

FY 2017


Q-T-Q

Y-T-Y

Net revenues

$631

$620

$586


2%

8%

Operating income

$190

$185

$163


2%

16%

Net income

$12

$168

$142


-93%

-92%

Diluted earnings per share

$0.05

$0.65

$0.52


-92%

-90%

"We delivered our ninth consecutive quarter of revenue growth with December quarter revenues establishing a new record for Xilinx and we achieved our operating margin target of 30% one quarter ahead of schedule," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "Revenues from Advanced Products continued to be strong, increasing 30% from the same quarter a year ago and comprising 56% of company sales, supported by accelerated growth in our industry-leading 20nm and 16nm technology nodes. In addition, our 16nm portfolio continued to gain market momentum as we have cumulatively shipped 43 unique products to 1,160 customers."

Net Revenues by Geography:



Percentages 


Growth Rates


Q3

FY 2018

Q2

FY 2018

Q3

FY 2017


Q-T-Q

Y-T-Y

North America

31%

31%

30%


3%

12%

Asia Pacific

41%

40%

43%


3%

3%

Europe

20%

20%

19%


2%

11%

Japan

8%

9%

8%


-8%

10%


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