Xilinx Reports Third Quarter Fiscal Year 2021 Results

  • Revenues of $803 million exceeded the high end of guidance, representing 5% sequential and 11% year over year growth
  • Wired and Wireless Group (WWG) revenue increased 14% sequentially due to strength in the Wireless markets as 5G deployments ramped in multiple regions
  • Automotive, Broadcast & Consumer (ABC) revenue increased 27% sequentially, driven by record quarters in the Automotive and Broadcast end markets
  • Aerospace & Defense, Industrial and Test, Measurement & Emulation (AIT) revenue increased 7% sequentially, driven by strong performance in the Test, Measurement and Emulation market
  • Data Center Group (DCG) revenue declined 45% sequentially, in line with expectations, compared to a record second quarter which benefited from trade-related order acceleration
  • Free cash flow of $354 million, representing 44% of revenue
  • Returned $93 million to stockholders through dividends

 

SAN JOSE, Calif. — (BUSINESS WIRE) — January 27, 2021 — Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive computing, today announced revenues of $803 million for the third quarter of fiscal year 2021.

GAAP net income for the quarter was $171 million, or $0.69 per diluted share. Non-GAAP net income was $194 million, or $0.78 per diluted share.

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

Q3 Fiscal 2021 Financial Highlights

(In millions, except EPS)

 

GAAP

 

 

 

 

 

 

 

 

Q3

Q2

Q3

 

 

 

 

FY2021

FY2021

FY2020

 

Q-T-Q

Y-T-Y

Net revenues*

$803

$767

$723

 

5%

11%

Gross margin

$547

$542

$483

 

1%

13%

Operating income

$172

$205

$159

 

-16%

8%

Net income

$171

$194

$162

 

-12%

6%

Diluted earnings per share

$0.69

$0.79

$0.64

 

-13%

8%

 

 

 

 

 

 

 

 

Non-GAAP

 

 

 

 

 

 

 

 

Q3

Q2

Q3

 

 

 

 

FY2021

FY2021

FY2020

 

Q-T-Q

Y-T-Y

Net revenues*

$803

$767

$723

 

5%

11%

Gross margin

$554

$548

$492

 

1%

13%

Operating income

$201

$216

$174

 

-7%

16%

Net income

$194

$203

$171

 

-5%

14%

Diluted earnings per share

$0.78

$0.82

$0.68

 

-5%

15%

 

 

* No adjustment between GAAP and Non-GAAP


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