Xilinx Reports Record Annual And Quarterly Revenues

SAN JOSE, Calif., April 25, 2018 — (PRNewswire) —  Xilinx, Inc. (Nasdaq: XLNX) today announced record revenues of $2.54 billion for fiscal year 2018, up 8% from the prior fiscal year. Revenues were $673 million for the fourth quarter of fiscal year 2018, up 7% from the prior quarter and up 10% from the fourth quarter of the prior fiscal year.

Xilinx logo (PRNewsFoto/Xilinx) (PRNewsfoto/Xilinx, Inc.)

Fiscal year 2018 net income was $512 million or $1.99 per diluted share. March quarter net income was $166 million, or $0.64 per diluted share. In fiscal Q3, net income was negatively impacted by approximately $183 million due to the enactment of the 2017 Tax Cuts and Jobs Act. In fiscal Q4, net income was negatively impacted by $33 million due to executive transition costs.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.36 per outstanding share of common stock, an increase from the current dividend of $0.35 per share. The dividend will be payable on June 4, 2018 to all stockholders of record at the close of business on May 15, 2018.  

Additional fourth quarter of fiscal year 2018 comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)



Q4
FY 2018

Q3
FY 2018

Q4
FY 2017


Q-T-Q

Y-T-Y

Net revenues

$673

$631

$609


7%

10%

Operating income

$190

$190

$173


0%

10%

Net income

$166

$12

$153


1283%

8%

Diluted earnings per share

$0.64

$0.05

$0.57


1180%

12%

"Fiscal 2018 was a record year for Xilinx with revenues of $2.5 billion as we realized 8% annual growth driven by broad-based strength across multiple markets, reflecting our concerted efforts to accelerate top line growth," said Victor Peng, President and Chief Executive Officer.  "During the year, we continued to build significant momentum in our data center end market and further strengthened the ecosystem.  With our three-pronged strategy of data center first, accelerating growth in core markets and driving adaptive compute, Xilinx is well positioned to achieve our long-term growth objectives while delivering shareholder value."

Net Revenues by Geography:


Percentages


Growth Rates


Q4
FY 2018

Q3
FY 2018

Q4
FY 2017


Q-T-Q

Y-T-Y

North America

31%

31%

31%


5%

10%

Asia Pacific

39%

41%

42%


1%

2%

Europe

22%

20%

19%


20%

26%

Japan

8%

8%

8%


7%

17%


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