Xilinx Announces Q1 Fiscal 2016 Results; 20nm Sales Exceed $10 Million

SAN JOSE, Calif., July 22, 2015 — (PRNewswire) —  Xilinx, Inc. (Nasdaq: XLNX) today announced first quarter fiscal 2016 sales of $549 million, down 3% from the prior quarter and down 10% from the same quarter of the prior fiscal year. First quarter fiscal 2016 gross margin was 71% and net income was $148 million, or $0.55 per diluted share.

Logo - http://photos.prnewswire.com/prnh/20020822/XLNXLOGO

The Xilinx Board of Directors announced a quarterly cash dividend of $0.31 per outstanding share of common stock, payable on August 26, 2015 to all stockholders of record at the close of business on August 6, 2015.

Additional first quarter comparisons are represented in the charts below:  

GAAP Results

(In millions, except EPS)








  Growth Rates


Q1

FY 2016

Q4

FY 2015

Q1

FY 2015


Q-T-Q

Y-T-Y

Net revenues

$549

$567

$613


-3%

-10%

Operating income

$178

$159

$207


13%

-14%

Net income

$148

$135

$174


10%

-15%

Diluted earnings per share

$0.55

$0.50

$0.62


10%

-11%

"The quarter was marked by strong profitability with Xilinx delivering a 71% gross margin," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "From a product perspective, technology leadership on the 20nm node is translating to sales leadership.  During the quarter, sales from Xilinx's newest 20nm Ultrascale™ product family surpassed $10 million with particular strength coming from Virtex® Ultrascale, the industry's only 20nm, high-end FPGA family.  In addition, sales from the Company's 28nm Zynq®-7000 platform were exceptionally strong during the quarter with primary strength from ADAS applications."

Net Revenues by Geography:










Percentages 



Growth Rates


Q1

FY 2016

Q4

FY 2015

Q1

FY 2015


Q-T-Q

Y-T-Y

North America

34%

32%

26%


2%

18%

Asia Pacific

36%

37%

43%


-7%

-24%

Europe

19%

21%

21%


-11%

-19%

Japan

11%

10%

10%


8%

-5%


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