Xilinx Reports Record Revenue of $1.01 Billion in Fiscal Third Quarter

  • Record revenue of $1,011 million, representing 8% sequential growth and 26% year-over-year growth, despite ongoing industry-wide supply constraints
  • Data Center Group (DCG) achieved record revenue with sequential growth of 28% and 81% year-over-year, driven by Compute and Networking strength
  • Aerospace & Defense, Industrial and Test, Measurement & Emulation (AIT) revenue was also a record, increasing 21% sequentially and 28% year-over-year, driven by record A&D revenue and continued strength in ISM and TME end markets
  • Automotive, Broadcast and Consumer (ABC) revenue in the quarter decreased 4% sequentially coming off a record Q2 and largely in-line with expectations; revenue increased 28% year-over-year
  • Wired and Wireless Group (WWG) revenue decreased 18% sequentially and increased 1% year-over-year as supply constraints had a significant impact on business in the quarter
  • Platform transformation continues with total Adaptive SoC revenue, which includes Zynq and Versal platforms, up 5% sequentially and 30% year-over-year, and representing 28% of total revenue

SAN JOSE, Calif. — (BUSINESS WIRE) — January 26, 2022 — Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive computing, today announced record revenues of $1,011 million for the fiscal third quarter, up 8% over the previous quarter.

GAAP net income for the fiscal third quarter was $300 million, or $1.19 per diluted share. Non-GAAP net income for the quarter was $325 million, or $1.29 per diluted share.

As permitted by the terms of the Merger Agreement between Xilinx and Advanced Micro Devices, Inc. (AMD), the Xilinx Board of Directors voted unanimously to declare a cash dividend of $0.37 per outstanding share of common stock payable on February 14, 2022 to all stockholders of record at the close of business on February 7, 2022. The dividend is conditioned upon and will only be payable if the merger has not closed on or before the record date for such dividend.

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

Q3 Fiscal 2022 Financial Highlights

(In millions, except EPS)

 

 

GAAP

 

 

 

 

 

 

 

 

Q3

Q2

Q3

 

 

 

 

FY2022

FY2022

FY2021

 

Q-T-Q

Y-T-Y

Net revenues*

$1,011

 

$936

 

$803

 

 

8%

 

26%

Gross margin

$726

 

$632

 

$547

 

 

15%

 

33%

Operating income

$310

 

$250

 

$172

 

 

24%

 

80%

Net income

$300

 

$235

 

$171

 

 

28%

 

76%

Diluted earnings per share

$1.19

 

$0.94

 

$0.69

 

 

27%

 

73%

 

 

 

 

 

 

 

 

Non-GAAP

 

 

 

 

 

 

 

 

Q3

Q2

Q3

 

 

 

 

FY2022

FY2022

FY2021

 

Q-T-Q

Y-T-Y

Net revenues*

$1,011

 

$936

 

$803

 

 

8%

 

26%

Gross margin

$736

 

$644

 

$554

 

 

14%

 

33%

Operating income

$340

 

$288

 

$201

 

 

18%

 

69%

Net income

$325

 

$266

 

$194

 

 

22%

 

67%

Diluted earnings per share

$1.29

 

$1.06

 

$0.78

 

 

22%

 

65%

 

 

* No adjustment between GAAP and Non-GAAP

Note: Q3 and Q2 FY2022 consisted of 13 weeks; Q3 FY2021 consisted of 14 weeks


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