Company now expects full year revenue growth of approximately 6%
SAN JOSE, Calif., Oct. 23, 2019 — (PRNewswire) — Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive and intelligent computing, today announced revenues of $833 million for the second quarter of fiscal year 2020, down 2% from the prior quarter and up 12% year over year. GAAP net income for the September quarter was $227 million, or $0.89 per diluted share. Non-GAAP net income for the September quarter was $240 million, or $0.94 per diluted share.The Xilinx Board of Directors declared a quarterly cash dividend of $0.37 per outstanding share of common stock payable on December 3, 2019, to all stockholders of record at the close of business on November 12, 2019. The Xilinx Board of Directors also approved a new authorization for the Company to repurchase up to $1.0 billion of its common stock. The timing of share repurchases and exact number of common shares to be purchased will depend upon prevailing market conditions and other factors.
Additional second quarter of fiscal year 2020 comparisons are provided in the charts below.
Q2 2020 Financial Highlights
(In millions, except EPS)
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| Q2 | Q1 | Q2 |
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| FY 2020 | FY 2020 | FY 2019 |
| Q-T-Q | Y-T-Y |
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Net revenues* |
| $833 | $850 | $746 |
| -2% | 12% |
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Operating income |
| $204 | $251 | $233 |
| -19% | -13% |
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Net income |
| $227 | $241 | $216 |
| -6% | 5% |
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Diluted earnings per share |
| $0.89 | $0.94 | $0.84 |
| -5% | 6% |
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| Non-GAAP |
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| Q2 | Q1 | Q2 |
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| FY 2020 | FY 2020 | FY 2019 |
| Q-T-Q | Y-T-Y |
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| Net revenues* |
| $833 | $850 | $746 |
| -2% | 12% |
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| Operating income |
| $217 | $260 | $236 |
| -16% | -8% |
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| Net income |
| $240 | $249 | $221 |
| -4% | 8% |
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| Diluted earnings per share |
| $0.94 | $0.97 | $0.87 |
| -3% | 8% |
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| * No adjustment between GAAP and Non-GAAP |
