Xilinx Reports Fiscal Fourth Quarter and Fiscal Year 2020 Results

SAN JOSE, Calif. — (BUSINESS WIRE) — April 22, 2020 — Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive and intelligent computing, today announced revenues of $3.16 billion for fiscal year 2020, up 3% from the prior fiscal year. Revenues were $756 million for the fourth quarter of fiscal year 2020, up 5% from the prior quarter and down 9% year over year.

GAAP net income for fiscal year 2020 was $793 million, or $3.11 per diluted share. Non-GAAP net income for fiscal year 2020 was $853 million, or $3.35 per diluted share. GAAP net income for the March quarter was $162 million, or $0.65 per diluted share. Non-GAAP net income for the March quarter was $193 million, or $0.78 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.38 per outstanding share of common stock payable on June 3, 2020 to all stockholders of record at the close of business on May 13, 2020. The declared dividend represents a 2.7% increase over the prior quarter’s dividend and reflects Xilinx’s commitment to growing the dividend.

Additional fourth quarter of fiscal year 2020 comparisons are provided in the charts below.

Q4 2020 Financial Highlights

(In millions, except EPS)

 

 

GAAP

 

 

 

 

 

 

 

 

Q4

Q3

Q4

 

 

 

 

FY2020

FY2020

FY2019

 

Q-T-Q

Y-T-Y

Net revenues*

$756

$723

$828

 

5%

-9%

Operating income

$178

$159

$250

 

12%

-29%

Net income

$162

$162

$245

 

0%

-34%

Diluted earnings per share

$0.65

$0.64

$0.95

 

2%

-32%

 

 

 

 

 

 

 

 

Non-GAAP

 

 

 

 

 

 

 

 

Q4

Q3

Q4

 

 

 

 

FY2020

FY2020

FY2019

 

Q-T-Q

Y-T-Y

Net revenues*

$756

$723

$828

 

5%

-9%

Operating income

$218

$174

$259

 

25%

-16%

Net income

$193

$171

$242

 

13%

-20%

Diluted earnings per share

$0.78

$0.68

$0.94

 

15%

-17%

 

 

* No adjustment between GAAP and Non-GAAP


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