Xilinx Reports Fiscal Fourth Quarter and Fiscal Year 2020 Results Apr 22, 2020
SAN JOSE, Calif.--(BUSINESS WIRE)-- 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
Despite our fiscal 2020 being uniquely challenging, particularly related to the US trade-related restrictions with Huawei as well as some COVID-19 impact during our Q4, we were able to deliver another record year with revenue of $3.16 billion, a 3% increase over fiscal 2019, said Xilinx president and CEO Victor Peng. The strength and diversity of our business were reflected in the results of our fiscal fourth quarter with strong sequential growth in both revenue and profitability.
There remains a high degree of uncertainty in the global business environment given the impact of COVID-19 which creates challenges with visibility beyond the near term. Therefore, we believe it is prudent to provide only quarterly guidance at this time. We will continue to closely monitor business conditions. Lastly, I want to thank our employees for their continued focus and commitment in these challenging times.
Net Revenues by Geography:
Percentages
Growth Rates
Q4
Q3
Q4
FY2020
FY2020
FY2019
Q-T-Q
Y-T-Y
North America
37%
28%
27%
37%
27%
Asia Pacific
37%
48%
47%
-19%
-28%
Europe
18%
16%
18%
17%
-11%
Japan
8%
8%
8%
7%
-4%
Net Revenues by End Market:
Percentages
Growth Rates
Q4
Q3
Q4
FY2020
FY2020
FY2019
Q-T-Q
Y-T-Y
A&D, Industrial and TME
50%
40%
39%
30%
15%
Automotive, Broadcast and Consumer
16%
19%
14%
-13%
2%
Wired and Wireless Group
24%
31%
42%
-19%
-46%
Data Center Group
10%
9%
5%
14%
77%
Channel
0%
1%
0%
NM
NM
Net Revenues by Product:
Percentages
Growth Rates
Q4
Q3
Q4
FY2020
FY2020
FY2019
Q-T-Q
Y-T-Y
Advanced Products
70%
70%
68%
5%
-6%
Core Products
30%
30%
32%
3%
-14%
Products are classified as follows:
Advanced Products: Alveo and related 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)
Q4
Q3
Q4
FY2020
FY2020
FY2019
Annual Return on Equity (%)*
31
31
34
Operating Cash Flow
$345
$324
$288
Depreciation Expense (including software amortization)
$29
$26
$22
Capital Expenditures (including software)
$32
$34
$28
Inventory Days (internal)
122
124
107
Revenue Turns (%)
46
39
35
*Return on equity calculation: Annualized year to date GAAP net income/average stockholders' equity
Product and Financial Highlights - Fiscal Year 2020
The Data Center Group (DCG) delivered 22% revenue growth over fiscal 2019 driven by increased adoption with hyperscale customers across compute, networking and storage workloads. Pipeline for new opportunities in compute continues to show strong growth for video, HPC, database and fintech. Leveraging the Solarflare acquisition, Xilinx shipped Alveo U25 SmartNIC, the first internally developed SmartNIC solution, in the fiscal fourth quarter and is being evaluated by multiple customers. SmartSSD is also gaining traction with Tier-1 and Tier-2 hyperscale customers. Xilinx now has over 10,000 developers trained on Xilinx software tools, including Vitis, nearly 1,000 ISV partners and over 130 applications published for Alveo.
The Wired and Wireless Group (WWG) delivered relatively flat revenues, down 1% vs. fiscal 2019, despite facing a highly challenging business environment related to trade restrictions and an industry slowdown in the ramp of 5G. Xilinx continues to maintain strong engagements with global OEMs across a variety of deployments and applications. Xilinx recently announced a strategic engagement with Samsung on a second generation 5G radio design that includes beamforming technology leveraging the 7 nm Versal platform. Adoption of Xilinx's RFSoC products also continues to ramp with key wins for DFE application
Most recent headlines
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
23/08/2025
At IBC2025 (12-15 September, RAI Amsterdam, stand 1.B73), Imagine Communications is expanding its Selenio Network Processor (SNP) line with the launch of SNP-X...
23/08/2025
At IBC2025, TSL will introduce a series of workflow-driven enhancements across its control, audio monitoring, and power distribution solutions, engineered for i...
23/08/2025
Budapest, Hungary, August 2025 - Lightware, industry leaders in signal management, have seen growing demand for their Taurus Smart Dock since its launch in Janu...
23/08/2025
PALO ALTO, Calif. The streaming technology solutions provider Wurl has named Dave Bernath as its new chief executive officer....
23/08/2025
WASHINGTON Newsmax founder and CEO Christopher Ruddy has come out against reducing broadcast ownership caps in a filing with the Federal Communications Commissi...
23/08/2025
$2.2 Million Donation Fuels Next Phase of Berklee Bridge The anonymous gift will amplify the impact of the student success initiative built to support student...
22/08/2025
Utah Scientific Releases NBOSS Software-Based NMOS Control Solution for Hybrid S...
22/08/2025
(L-R) Writer-director Alex Russell, Th odore Pellerin, Archie Madekwe, and Havana Rose Liu on stage for the premiere of Lurker at Eccles Theater in Park City....
22/08/2025
The wait is over: Stray Kids return with their fourth full-length album, KARMA. ...
22/08/2025
With their new album, hickey, out now, Aussie indie darlings Royel Otis decided ...
22/08/2025
We recently spoke with MixedbyEL, a rising force in the world of audio engineering, celebrated for his dynamic work in rap, R&B, and pop. From his early days re...
22/08/2025
BitFire (bitfire.tv), a leader in software-defined live production and IP transmission, today announced the addition of cloud-based live master control capabili...
22/08/2025
Utah Scientific today announced NBOSS, a new software-based control solution designed to streamline the management of NMOS-compliant devices in hybrid SDI/IP en...
22/08/2025
Amagi, a cloud-based SaaS technology solutions provider for broadcast and streaming TV, today announced the release of its 15th Global FAST Report, offering ins...
22/08/2025
Hitomi Broadcast, the market leader in audio/video alignment and latency solutions, announces that ORF ( sterreichischer Rundfunk), Austria s national public br...
22/08/2025
This Berklee Program Turns Class Projects into Career Breakthroughs Experiential Design Lab students take on creative briefs from Red Bull, Disney, and more, ...
22/08/2025
NEW YORK Although FAST channels are becoming ever more omnipresent in the streaming universe, the vast majority of them will need to start providing more live c...
22/08/2025
NEW YORK Independent sell-side advertising company Magnite today announced an integration with Acxiom, the connected data and technology foundation of global ad...
22/08/2025
CINCINNATI The E.W. Scripps Company has announced that six of its channels are now streaming as part of Peacock's 24/7 channel offering and are available to...
22/08/2025
ESPN launched today its new direct-to-consumer streaming service and a set of new features on an enhanced ESPN App, making ESPN's full suite of 12 networks ...
22/08/2025
WASHINGTON The Federal Communications Commission is once again pressing the delete button as part of its Delete, Delete, Delete regulatory initiative to remov...
22/08/2025
OXFORD, U.K. Solid State Logic will unveil its System T plug-and-play IP-native MPL 16-8 stagebox offering cost-effective connectivity for touring flypack and i...
22/08/2025
NEW YORK and LOS ANGELES Fox Corporation has officially launched Fox One, a new streaming service that brings together the full portfolio of Foxs sports, news a...
22/08/2025
As the latest member of the NVIDIA Blackwell architecture family, the NVIDIA Blackwell Ultra GPU builds on core innovations to accelerate training and AI reason...
22/08/2025
Little League Baseball World Series: As Championship Weekend Approaches, ESPN Re...
22/08/2025
Friday 22 August 2025
To view this content, please enable our use of cookies. To do so, click Privacy Options below and Accept All
Privacy options
The Brassi...
22/08/2025
Starr Parodi and Jeff Fair rebuild studio life with help from Focusrite and ADAM...
22/08/2025
AI reasoning, inference and networking will be top of mind for attendees of next...
22/08/2025
Join Jacqui Hurley as she leads RT 's television coverage of the Women's Rugby World Cup 2025, with reporting from the Irish camp by Clare MacNamara. Co...
21/08/2025
Spotify and amra, the world's first and only global digital licensing collection society, have entered into a direct multi-territorial, multi-year licensing...
21/08/2025
Spotify is making it easier than ever to connect with your friends on Instagram ...
21/08/2025
From enemies-to-lovers banter to star-crossed soulmates battling curses, romanta...
21/08/2025
Statement on Acting Managing Director arrangements at SBS
21 August, 2025
Insights & articles
The SBS Board of Directors has today confirmed it will appoin...
21/08/2025
L3Harris Technologies Chair and CEO Christopher E. Kubasik speaks at the opening of the 94,000-square-foot satellite integration and test facility. The company ...
21/08/2025
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
21/08/2025
DENVER At IBC2025, Sept. 12-15 at the RAI Amsterdam, Imagine Communications will introduce the SNP-XS, a versatile addition to its Selenio Network Processor (SN...
21/08/2025
HUDSON, Mass. BitFire, a provider of software-defined live production and IP transmission, today announced the addition of cloud-based live master control capab...
21/08/2025
ATLANTA Gray Media has laid out plans for launching a new cutting-edge, hyper-personalized streaming platform that will start going live in Grays markets in Jan...
21/08/2025
NEW YORK and ZURICH Chyron, a provider of broadcast graphics and live production solutions, has announced a partnership with Asport, a leading sports tech innov...
21/08/2025
NEW YORK swXtch.io has amplified its support for SRT workflows with a new specialized gateway solution primarily targeted at the live event market. To be introd...
21/08/2025
AMSTERDAM Rise Academy, the charity dedicated to delivering practical media technology experiences, careers resources and sharing work experience opportunities ...
21/08/2025
WASHINGTON FCC Chairman Brendan Carr announced the appointment of Courtney Cowper as a special assistant in his office. As a special assistant in the Office of ...
21/08/2025
COLUMBUS, Ohio Live Media Group has launched its latest mobile production unit, the MU-28, which is a SMPTE 2110-7 IP-based truck built specifically for remote ...
21/08/2025
ENGLEWOOD, Colo. Sling TV has launched a new offering called Select that provides a package of cable channels for $19.99 a month....
21/08/2025
IRVINE, Calif. CTV and programmatic ad provider Viant Technology Inc. has announced a new integration of its DSP with Wurl that provides advertisers with scene...
21/08/2025
TORRANCE, Calif. Marshall Electronics will highlight several new products at IBC2025, including the CV612 PTZ camera, RCP Plus camera controller and VMV-402-3GS...
21/08/2025
SVG New Sponsor Spolight: MyCaseBuilder's Steve Holand on Creating Custom Ca...
Xilinx Reports Fiscal Fourth Quarter and Fiscal Year 2020 Results Apr 22, 2020
