Xilinx Reports Fiscal First Quarter 2022 Results

  • Record revenue of $879 million, representing 3% sequential growth and 21% annual growth, despite ongoing industry-wide supply chain challenges
  • Data Center Group (DCG) revenue in the quarter increased 14% sequentially driven by strong demand across hyperscale cloud customers and the Fintech market
  • Wired and Wireless Group (WWG) revenue was up 13% year-over-year and flat sequentially driven by continuing global 5G deployments
  • Aerospace & Defense, Industrial and Test, Measurement & Emulation (AIT) revenue declined 10% sequentially, with record Industrial end market performance offset by a decline in Aerospace & Defense sales, and a modest decline in TME
  • Automotive, Broadcast and Consumer (ABC) revenue in the quarter increased 13% sequentially, with record quarters in the Broadcast and Consumer end markets
  • Platform transformation continues with total Adaptive SoC revenue, which includes Zynq and Versal platforms, up 13% sequentially and 83% year-over-year, and representing 28% of total revenue
  • Fiscal first quarter free cash flow of $373 million, representing 42% of revenue

SAN JOSE, Calif. — (BUSINESS WIRE) — July 28, 2021 — Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive computing, today announced record revenues of $879 million for the fiscal first quarter, up 3% over the previous quarter.

GAAP net income for the fiscal first quarter was $206 million, or $0.83 per diluted share. Non-GAAP net income for the quarter was $236 million, or $0.95 per diluted share.

Additional first quarter of fiscal year 2022 comparisons are provided in the charts below.

Q1 Fiscal 2022 Financial Highlights

(In millions, except EPS)

 

GAAP

 

 

 

 

 

 

 

 

Q1

Q4

Q1

 

 

 

 

FY2022

FY2021

FY2021

 

Q-T-Q

Y-T-Y

Net revenues*

$879

 

$851

 

$727

 

 

 

3%

 

21%

Gross margin

$586

 

$570

 

$494

 

 

 

3%

 

19%

Operating income

$210

 

$200

 

$176

 

 

 

5%

 

20%

Net income

$206

 

$188

 

$94

 

 

 

10%

 

120%

Diluted earnings per share

$0.83

 

$0.75

 

$0.38

 

 

 

11%

 

118%

 

 

 

 

 

 

 

 

Non-GAAP

 

 

 

 

 

 

 

 

Q1

Q4

Q1

 

 

 

 

FY2022

FY2021

FY2021

 

Q-T-Q

Y-T-Y

Net revenues*

$879

 

$851

 

$727

 

 

 

3%

 

21%

Gross margin

$596

 

$579

 

$501

 

 

 

3%

 

19%

Operating income

$246

 

$228

 

$187

 

 

 

8%

 

32%

Net income

$236

 

$204

 

$160

 

 

 

16%

 

47%

Diluted earnings per share

$0.95

 

$0.82

 

$0.65

 

 

 

16%

 

46%

 

 

* No adjustment between GAAP and Non-GAAP


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