Xilinx Reports Fiscal Fourth Quarter and Fiscal Year 2021 Results

  • Record revenue of $851 million in the quarter; fiscal 2021 revenue of $3.15 billion
  • Data Center Group (DCG) revenue in the quarter increased 28% sequentially, and fiscal 2021 revenue increased 20% over the prior year
  • Wired and Wireless Group (WWG) revenue in the quarter increased 13% sequentially, driven by strength in Wireless with multiple regions deploying 5G, partially offset by weakness in Wired
  • Aerospace & Defense, Industrial and Test, Measurement & Emulation (AIT) revenue in the quarter declined 2% sequentially, with strong Industrial end market performance offset by an expected decline in TME and softness in Aerospace & Defense sales
  • Automotive, Broadcast and Consumer (ABC) revenue in the quarter declined 1% sequentially, with a record quarter in the Automotive end market offsetting seasonal declines in Broadcast and Consumer end markets
  • Fiscal fourth quarter free cash flow of $227 million, representing 27% of revenue; fiscal 2021 free cash flow of $1.04 billion, or 33% of revenue

 

SAN JOSE, Calif. — (BUSINESS WIRE) — May 4, 2021 — Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive computing, today announced record revenues of $851 million for the fiscal fourth quarter, up 6% over the previous quarter and an increase of 13% year over year. Fiscal 2021 revenues were $3.15 billion, largely flat from the prior fiscal year.

GAAP net income for the fiscal fourth quarter was $188 million, or $0.75 per diluted share. Non-GAAP net income for the quarter was $204 million, or $0.82 per diluted share. GAAP net income for fiscal year 2021 was $647 million, or $2.62 per diluted share. Non-GAAP net income for fiscal year 2021 was $762 million, or $3.08 per diluted share.

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

Q4 Fiscal 2021 Financial Highlights

(In millions, except EPS)

 

 

GAAP

 

 

 

 

 

 

 

 

Q4

Q3

Q4

 

 

 

 

FY2021

FY2021

FY2020

 

Q-T-Q

Y-T-Y

Net revenues*

$851

$803

$756

 

6%

13%

Gross margin

$570

$547

$528

 

4%

8%

Operating income

$200

$172

$178

 

16%

12%

Net income

$188

$171

$162

 

10%

16%

Diluted earnings per share

$0.75

$0.69

$0.65

 

9%

15%

 

 

 

 

 

 

 

 

Non-GAAP

 

 

 

 

 

 

 

 

Q4

Q3

Q4

 

 

 

 

FY2021

FY2021

FY2020

 

Q-T-Q

Y-T-Y

Net revenues*

$851

$803

$756

 

6%

13%

Gross margin

$579

$554

$535

 

5%

8%

Operating income

$228

$201

$218

 

13%

4%

Net income

$204

$194

$193

 

5%

5%

Diluted earnings per share

$0.82

$0.78

$0.78

 

5%

5%

 

 

* No adjustment between GAAP and Non-GAAP

Note: Q4 FY2021 consisted of 13 weeks; Q3 FY2021 consisted of 14 weeks; Q4 FY2020 consisted of 13 weeks


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