Inactive Instrument

Xilinx, Inc.

XLNX

US9839191015

Xilinx: Fiscal 2Q Earnings Snapshot

October 21, 2020 at 04:32 pm EDT

SAN JOSE, Calif. (AP) _ Xilinx Inc. (XLNX) on Wednesday reported fiscal second-quarter net income of $193.8 million.

The San Jose, California-based company said it had profit of 79 cents per share. Earnings, adjusted for one-time gains and costs, came to 82 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The computer chipmaker posted revenue of $766.5 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $755.3 million.

For the current quarter ending in January, Xilinx said it expects revenue in the range of $750 million to $800 million. Analysts surveyed by Zacks had expected revenue of $755.3 million.

Xilinx shares have increased 14% since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 6%. In the final minutes of trading on Wednesday, shares hit $111.30, a rise of 17% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XLNX at https://www.zacks.com/ap/XLNX

Latest news about Xilinx, Inc.

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Social Buzz: Wallstreetbets Stocks Up Premarket Tuesday; Meta Platforms, Moderna Poised to Rebound	22-02-15	MT
Xilinx, Inc.(NasdaqGS:XLNX) dropped from FTSE All-World Index	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P 500 Ex-Financials, Real Estate, Utilities and Transportation Index	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P 500 Value	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P Composite 1500	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P Semiconductors Select Industry Index	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P Global 1200	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P 500 Information Technology	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P 500 Growth	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P 500	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P Global BMI Index	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P 500 EQUAL WEIGHTED	22-02-15	CI
Xilinx, Inc.(NasdaqGS:XLNX) dropped from S&P TMI Index	22-02-15	CI
S&P Raises Advanced Micro Devices Rating Raised To 'A-' On Outperformance, Outlook Stable; Xilinx Notes Rated 'A-'	22-02-14	MT
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AMD closes record chip industry deal with estimated $50 billion purchase of Xilinx	22-02-14	RE

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Company Profile

Xilinx, Inc. (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company's programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs), three-dimensional ICs (3D ICs) and Adaptive Compute Acceleration Platform (ACAP): an integrated multi-core heterogeneous compute platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP), which consists of Xilinx and various third-party verification and IP cores. The Company provides design services, customer training, field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs) and programmable SoCs.

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