Strong year-over-year revenue and earnings growth despite global trade actions
SAN JOSE, Calif., July 24, 2019 — (PRNewswire) — Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive and intelligent computing, today announced record revenues of $850 million for the first quarter of fiscal year 2020, up 3% from the prior quarter and up 24% year over year. GAAP net income for June quarter was $241 million, or $0.94 per diluted share. Non-GAAP net income for June quarter was $249 million, or $0.97 per diluted share.
The Xilinx Board of Directors declared a quarterly cash dividend of $0.37 per outstanding share of common stock payable on August 27, 2019 to all stockholders of record at the close of business on August 7, 2019.
Additional first quarter of fiscal year 2020 comparisons are provided in the charts below.
Q1 2020 Financial Highlights | ||||||||
(In millions, except EPS) | ||||||||
|
| ||||||||
|
|
| GAAP |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| Q1 | Q4 | Q1 |
|
|
|
|
|
|
| FY 2020 | FY 2019 | FY 2019 |
| Q-T-Q | Y-T-Y |
|
Net revenues* | $850 | $828 | $684 |
| 3% | 24% |
| |
Operating income | $251 | $250 | $216 |
| 0% | 16% |
| |
Net income | $241 | $245 | $190 |
| -1% | 27% |
| |
Diluted earnings per share | $0.94 | $0.95 | $0.74 |
| -1% | 27% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-GAAP |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| Q1 | Q4 | Q1 |
|
|
|
|
|
|
| FY 2020 | FY 2019 | FY 2019 |
| Q-T-Q | Y-T-Y |
|
| Net revenues* | $850 | $828 | $684 |
| 3% | 24% |
| |
| Operating income | $260 | $259 | $218 |
| 0% | 19% |
| |
| Net income | $249 | $242 | $192 |
| 3% | 30% |
| |
| Diluted earnings per share | $0.97 | $0.94 | $0.75 |
| 3% | 29% |
| |
|
|
|
|
|
|
|
|
|
|
