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Xilinx Sales Grow For 7th Consecutive Quarter; Advanced Product Sales Up 33% Year-Over-Year

The Xilinx Board of Directors declared a quarterly cash dividend of $0.35 per outstanding share of common stock payable on August 30, 2017 to all stockholders of record at the close of business on August 10, 2017.

Additional June quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)



Q1

FY 2018

Q4

FY 2017

Q1

FY 2017


Q-T-Q

Y-T-Y

Net revenues

$615

$609

$575


1%

7%

Operating income

$180

$173

$186


4%

-3%

Net income

$167

$153

$163


9%

3%

Diluted earnings per share

$0.63

$0.57

$0.61


11%

3%

"Our focused investment in software, integration and technology leadership has driven a fundamental transformation, allowing Xilinx to expand from a supplier of FPGAs to an innovator of All Programmable devices and programming models," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "We continue to consistently execute across the board—in engineering, operations and sales while maintaining robust profitability and cash generation. Growth from Advanced Products continues to be solid, increasing 33% from the same quarter a year ago. Sales from the 28nm, 20nm and 16nm technology nodes increased during the quarter driven by multi-market strength."

Net Revenues by Geography:



Percentages


Growth Rates


Q1

FY 2018

Q4

FY 2017

Q1

FY 2017


Q-T-Q

Y-T-Y

North America

29%

31%

32%


-7%

-6%

Asia Pacific

43%

42%

40%


5%

16%

Europe

19%

19%

19%


1%

9%

Japan

9%

8%

9%


12%

9%

Net Revenues by End Market:





Percentages


Growth Rates



Q1

FY 2018

Q4

FY 2017

Q1

FY 2017


Q-T-Q

Y-T-Y


Communications & Data Center

41%

41%

44%


1%

-1%


Industrial, Aerospace & Defense

42%

43%

39%


0%

17%


Broadcast, Consumer & Automotive

17%

16%

17%


3%

6%





















Net Revenues by Product:



Percentages


Growth Rates


Q1

FY 2018

Q4

FY 2017

Q1

FY 2017


Q-T-Q

Y-T-Y

Advanced Products

52%

49%

42%


8%

33%

Core Products

48%

51%

58%


-6%

-12%

Products are classified as follows:

Advanced 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

FY 2018

Q4

FY 2017

Q1

FY 2017





Annual Return on Equity (%)*

27

24

25





Operating Cash Flow

$191

$306

$339





Depreciation Expense

$11

$12

$12





Capital Expenditures

$10

$20

$21





Combined Inventory Days

111

121

117





Revenue Turns (%)

42

44

50

Product and Financial Highlights

  • The Company continues to experience strong growth in its 16nm Ultrascale+ product families driven by Zynq and Virtex. We are now shipping to over 530 customers, a significant increase from the prior quarter. Additionally, the disruptive RFSoC product family is now sampling to multiple customers. This product family provides a 50-75% power and footprint reduction for 5G, cable and wireless backhaul applications. In addition to RF-class technology and multi-core processing devices, Xilinx is expanding its 16nm Ultrascale+ family with integrated...

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