Xilinx Reports Second Quarter Fiscal Year 2021 Results

“We are pleased with our fiscal second quarter performance, which came in above the mid-point of guidance,” said Xilinx president and CEO Victor Peng. “Our strong results were driven by another record quarter in our Data Center Group and Aerospace & Defense businesses, as well as improvement in our Automotive and Broadcast end markets. In addition, RFSoC sales ramped meaningfully with a tier-1 wireless OEM customer for 5G radio deployment in North America.

“Our strategic transformation to an adaptive platform company continues with healthy design win momentum during the quarter. Notable customer wins included a marquee SmartNIC design win with a U.S. tier-1 hyperscaler, as well as Zynq MPSoC design wins with Subaru and Continental. We also remain on track with our Versal program ramp with a leading wireless OEM later this year.”

“Xilinx business continued to strengthen in fiscal Q2, buoyed by the economic recovery and increasing demand across our broad set of end markets,” said Xilinx CFO Brice Hill. “This drove better than expected sequential revenue growth of 5% and GAAP operating income growth of 17%, resulting in $232 million of free cash flow and $93 million in capital return to stockholders with our quarterly dividend. Our financial position is strong and we remain confident as we prepare to expand the Zynq and Versal product lines and capture additional growth opportunities.”

Net Revenues by Geography:

 

 

 

 

 

 

Percentages

 

Growth Rates

 

Q2

 

Q1

 

Q2

 

 

 

 

 

FY2021

 

FY2021

 

FY2020

 

Q-T-Q

 

Y-T-Y

North America

29%

 

26%

 

28%

 

20%

 

-4%

Asia Pacific

48%

 

54%

 

51%

 

-7%

 

-13%

Europe

18%

 

13%

 

15%

 

47%

 

10%

Japan

5%

 

7%

 

6%

 

-25%

 

-23%

 

 

 

 

 

 

 

 

 

 

Net Revenues by End Market:

 

 

 

 

 

 

 

 

 

 

Percentages

 

Growth Rates

 

Q2

 

Q1

 

Q2

 

 

 

 

 

FY2021

 

FY2021

 

FY2020

 

Q-T-Q

 

Y-T-Y

A&D, Industrial and TME

44%

 

45%

 

36%

 

3%

 

11%

Automotive, Broadcast and Consumer

16%

 

12%

 

16%

 

36%

 

-8%

Wired and Wireless Group

26%

 

32%

 

38%

 

-13%

 

-36%

Data Center Group

14%

 

12%

 

10%

 

23%

 

30%

Channel

0%

 

-1%

 

0%

 

NM

 

NM

 

 

 

 

 

 

 

 

 

 

Net Revenues by Product:

 

 

 

 

 

 

 

 

 

 

Percentages

 

Growth Rates

 

Q2

 

Q1

 

Q2

 

 

 

 

 

FY2021

 

FY2021

 

FY2020

 

Q-T-Q

 

Y-T-Y

Advanced Products

70%

 

68%

 

74%

 

8%

 

-13%

Core Products

30%

 

32%

 

26%

 

-1%

 

6%


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