Xilinx Reports First Quarter Fiscal Year 2021 Results

  • Revenues of $727 million, exceeding initial guidance and in-line with revised guidance
  • Record Data Center Group (DCG) revenue, with 10% sequential and 104% annual growth
  • Wireless Group (WWG) revenue increased 27% sequentially
  • Free cash flow of $230 million, or 32% of revenue
  • Returned $146 million to stockholders through dividends and share repurchases

SAN JOSE, Calif. — (BUSINESS WIRE) — July 30, 2020 — Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive and intelligent computing, today announced revenues of $727 million for the first quarter of fiscal year 2021.

GAAP net income for the quarter was $94 million, or $0.38 per diluted share. Non-GAAP net income was $160 million, or $0.65 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.38 per outstanding share of common stock payable on September 3, 2020 to all stockholders of record at the close of business on August 13, 2020.

Additional first quarter of fiscal year 2021 comparisons are provided in the charts below.

Q1 2021 Financial Highlights

(In millions, except EPS)

 

 

GAAP

 

 

 

 

 

 

 

 

Q1

Q4

Q1

 

 

 

 

FY2021

FY2020

FY2020

 

Q-T-Q

Y-T-Y

Net revenues*

$727

$756

$850

 

-4%

-14%

Operating income

$176

$178

$251

 

-1%

-30%

Net income

$94

$162

$241

 

-42%

-61%

Diluted earnings per share

$0.38

$0.65

$0.94

 

-42%

-60%

 

Non-GAAP

 

 

 

 

 

 

 

 

Q1

Q4

Q1

 

 

 

 

FY2021

FY2020

FY2020

 

Q-T-Q

Y-T-Y

Net revenues*

$727

$756

$850

 

-4%

-14%

Operating income

$187

$218

$260

 

-14%

-28%

Net income

$160

$193

$249

 

-17%

-36%

Diluted earnings per share

$0.65

$0.78

$0.97

 

-17%

-33%

 

 

* No adjustment between GAAP and Non-GAAP


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