“Our fiscal Q1 revenue was well above the initial guidance despite ongoing business challenges from COVID-19 and global trade issues,” said Xilinx president and CEO Victor Peng. “Results were driven by strength in the Data Center Group (DCG), Wired and Wireless Group (WWG), and the Industrials market, offsetting expected headwinds in consumer-oriented end markets, including Automotive and Broadcast. The outperformance was due to a combination of strength in multiple end markets, as well as some order acceleration driven by recent additional U.S. government trade restrictions on sales of certain Xilinx products to some customers based, or with operations, in China.”

“Our diversified end markets remain a key strength, and our business continues to perform better than expected even after our revised guidance,” said Xilinx CFO Brice Hill. “This strength is reflected in our results for the first quarter as well as our improved outlook for the fiscal second quarter. We continue to be well positioned to capitalize on opportunities across all our end markets.”

Net Revenues by Geography:
	Percentages				Growth Rates
	Q1	Q4	Q1
	FY2021	FY2020	FY2020		Q-T-Q	Y-T-Y
North America	26%	37%	23%		-33%	-6%
Asia Pacific	54%	37%	51%		42%	-9%
Europe	13%	18%	18%		-33%	-39%
Japan	7%	8%	8%		-11%	-18%
Net Revenues by End Market:
	Percentages				Growth Rates
	Q1	Q4	Q1
	FY2021	FY2020	FY2020		Q-T-Q	Y-T-Y
A&D, Industrial and TME	45%	50%	39%		-13%	-2%
Automotive, Broadcast and Consumer	12%	16%	15%		-24%	-29%
Wired and Wireless Group	32%	24%	41%		27%	-33%
Data Center Group	12%	10%	5%		10%	104%
Channel	-1%	0%	0%		NM	NM
Net Revenues by Product:
	Percentages				Growth Rates
	Q1	Q4	Q1
	FY2021	FY2020	FY2020		Q-T-Q	Y-T-Y
Advanced Products	68%	70%	69%		-7%	-16%
Core Products	32%	30%	31%		2%	-12%

Products are classified as follows:

Advanced Products: Alveo and related products, UltraScale+, UltraScale and 7-series products.

Core Products: Virtex-6, Spartan-6, Virtex‐5, CoolRunner‐II, Virtex-4, Virtex-II, Spartan-3, Spartan-2, XC9500 products, configuration solutions, software & support/services.

Key Statistics:
(Dollars in Millions)
	Q1	Q4	Q1
	FY2021	FY2020	FY2020
Annual Return on Equity (%) (1)	26	31	38
Operating Cash Flow	$245	$345	$298
Depreciation Expense (including software amortization)	$32	$29	$24
Capital Expenditures (including software)	$15	$32	$29
Free Cash Flow (2)	$230	$313	$269
Inventory Days (internal)	114	122	107
Revenue Turns (%)	31	46	24

(1)	Return on Equity = Trailing twelve months GAAP net income / average stockholders’ equity
(2)	Free Cash Flow = Operating Cash Flow - Capital Expenditures (including software)

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