
Xilinx Reports Record Revenue of $1.01 Billion in Fiscal Third Quarter Jan 26, 2022
Record revenue of $1,011 million, representing 8% sequential growth and 26% year-over-year growth, despite ongoing industry-wide supply constraints
Data Center Group (DCG) achieved record revenue with sequential growth of 28% and 81% year-over-year, driven by Compute and Networking strength
Aerospace & Defense, Industrial and Test, Measurement & Emulation (AIT) revenue was also a record, increasing 21% sequentially and 28% year-over-year, driven by record A&D revenue and continued strength in ISM and TME end markets
Automotive, Broadcast and Consumer (ABC) revenue in the quarter decreased 4% sequentially coming off a record Q2 and largely in-line with expectations; revenue increased 28% year-over-year
Wired and Wireless Group (WWG) revenue decreased 18% sequentially and increased 1% year-over-year as supply constraints had a significant impact on business in the quarter
Platform transformation continues with total Adaptive SoC revenue, which includes Zynq and Versal platforms, up 5% sequentially and 30% year-over-year, and representing 28% of total revenue
SAN JOSE, Calif.--(BUSINESS WIRE)-- Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive computing, today announced record revenues of $1,011 million for the fiscal third quarter, up 8% over the previous quarter.
GAAP net income for the fiscal third quarter was $300 million, or $1.19 per diluted share. Non-GAAP net income for the quarter was $325 million, or $1.29 per diluted share.
As permitted by the terms of the Merger Agreement between Xilinx and Advanced Micro Devices, Inc. (AMD), the Xilinx Board of Directors voted unanimously to declare a cash dividend of $0.37 per outstanding share of common stock payable on February 14, 2022 to all stockholders of record at the close of business on February 7, 2022. The dividend is conditioned upon and will only be payable if the merger has not closed on or before the record date for such dividend.
Additional third quarter of fiscal year 2022 comparisons are provided in the charts below.
Q3 Fiscal 2022 Financial Highlights
(In millions, except EPS)
GAAP
Q3
Q2
Q3
FY2022
FY2022
FY2021
Q-T-Q
Y-T-Y
Net revenues*
$1,011
$936
$803
8%
26%
Gross margin
$726
$632
$547
15%
33%
Operating income
$310
$250
$172
24%
80%
Net income
$300
$235
$171
28%
76%
Diluted earnings per share
$1.19
$0.94
$0.69
27%
73%
Non-GAAP
Q3
Q2
Q3
FY2022
FY2022
FY2021
Q-T-Q
Y-T-Y
Net revenues*
$1,011
$936
$803
8%
26%
Gross margin
$736
$644
$554
14%
33%
Operating income
$340
$288
$201
18%
69%
Net income
$325
$266
$194
22%
67%
Diluted earnings per share
$1.29
$1.06
$0.78
22%
65%
* No adjustment between GAAP and Non-GAAP
Note: Q3 and Q2 FY2022 consisted of 13 weeks; Q3 FY2021 consisted of 14 weeks
Xilinx achieved another record quarter and surpassed $1 billion in quarterly sales for the first time in the company's history, said Victor Peng, Xilinx president and CEO. While we were unable to fully satisfy customer needs, our results demonstrate our team's relentless focus and execution in supporting our customers as well as possible given the extremely tight supply conditions.
We saw broad and robust demand across our end markets with record quarters in our DCG business as well as our A&D end market. A&D record performance, combined with strong ISM and TME performance, also led to a record for total AIT, and drove stronger overall profitability. The strength in our business clearly demonstrates the successful execution of our strategy.
Record Q3 revenue was driven primarily from sequential growth in A&D, DCG and TME, leading to total sequential revenue growth of 8% and year-over-year growth of 26%, the fifth consecutive quarter of double-digit year-over-year growth, said Brice Hill, Xilinx CFO. Overall strong revenues and business mix, in addition to positive impacts from strategic venture investments, drove record earnings this quarter. Our platform strategy continues to progress as Adaptive SoC revenue grew 5% sequentially and 30% year-over-year, representing 28% of total revenue.
We saw strong free cash flow this quarter of $351 million, or 35% of revenue, reflecting our efficient cash generating business model. Please note, the increase in inventory to 106 days is primarily driven by supply cost increases and does not reflect a significant increase in unit inventory.
Net Revenues by Geography:
Percentages
Growth Rates
Q3
Q2
Q3
FY2022
FY2022
FY2021
Q-T-Q
Y-T-Y
North America
33%
26%
30%
40%
43%
Asia Pacific
40%
48%
44%
-10%
13%
Europe
18%
16%
19%
16%
18%
Japan
9%
10%
7%
-1%
53%
Net Revenues by End Market:
Percentages
Growth Rates
Q3
Q2
Q3
FY2022
FY2022
FY2021
Q-T-Q
Y-T-Y
A&D, Industrial and TME
46%
40%
45%
21%
28%
Automotive, Broadcast and Consumer
19%
22%
19%
-4%
28%
Wired and Wireless Group
23%
31%
29%
-18%
1%
Data Center Group
11%
9%
7%
28%
81%
Channel
1%
-2%
0%
NM
NM
Net Revenues by Product:
Percentages
Growth Rates
Q3
Q2
Q3
FY2022
FY2022
FY2021
Q-T-Q
Y-T-Y
Advanced Products
78%
74%
72%
14%
35%
Core Products
22%
26%
28%
-8%
3%
Products are classified as follows:
Advanced Products: Versal, UltraScale+, UltraScale and 7-series product families, and production boards business composed of Alveo, Solarflare, Network, and System-On-Modules.
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)
Q3
Q2
Q3
FY2022
FY2022
FY2021
Operating Cash Flow
$362
$122
$360
Depreciation Expense (including software amortization)
$30
$31
$31
Capital Expenditures (including
North America Stories
25/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
25/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
25/03/2026
Starfish highlights flexible TS Splicer releases and new Monitoring Dashboard at...
25/03/2026
XLNTSOUND Elevates Video Production with Blackmagic Design
Brie Clayton March 24, 2026
0 Comments
Audio company upgrades workflow with Blackmagic Cine...
25/03/2026
First Time Exhibitor IPC Introduces One Link Keypanels for One Connect Intercom ...
24/03/2026
Utah Scientific to Showcase a Variety of Hybrid SDI/IP Innovations at the 2026 N...
24/03/2026
Mediaproxy will showcase an updated version of its LogPlayer interface at NAB Sh...
24/03/2026
C gep de Jonqui re, a public college in Qu bec, has upgraded its TV studio complex with five Calrec Brio consoles and a Dante IP network. The installation was c...
24/03/2026
The American Association of Professional Baseball (AAPB) has announced new and r...
24/03/2026
National Telecom Public Company Limited (NT) used Ateme's KYRION platform fo...
24/03/2026
Grass Valley has expanded its relationship with ImSoPROD, the TV production entity of FDJ United, with the deployment of LDX C98 compact cameras across its nati...
24/03/2026
The E.W. Scripps Company is launching Scripps Sports Network (SSN), a free, ad-s...
24/03/2026
NEP Group has launched NEP Platform, a new software orchestration system that un...
24/03/2026
Daktronics has partnered with the Arizona Diamondbacks to design, manufacture and install a new LED video display and three ribbon boards at Chase Field in Phoe...
24/03/2026
Grass Valley has completed an upgrade of University of Pittsburgh Athletics'...
24/03/2026
Daktronics is upgrading eight LED displays at Wrigley Field in Chicago, totaling more than 8,300 square feet, using the Daktronics Renew product line. The upgra...
24/03/2026
Advanced Systems Group has appointed Kevin Poole as Senior Project and Support Manager within the ASG Workflow and Tools practice. The position is newly created...
24/03/2026
In an increasingly streaming-centric world, protecting high-value live sports co...
24/03/2026
Mediaproxy will showcase an updated version of its LogPlayer interface at NAB Show, April 19-22 in Las Vegas, booth W1423. The update includes AI tools, native ...
24/03/2026
The production studio has worked with content juggernauts such as MrBeast, The R...
24/03/2026
The event will also feature a State of the Industry address from sports-media veteran and strategic advisor Patrick Crakes....
24/03/2026
Victory , a free sports streaming service owned by A Parent Media Co. (APMC), has launched its NWSL Sunday Night Soccer franchise. The platform says the launch ...
24/03/2026
Sports content in free streaming is still relatively scant, but it's growing, right along with its monetization capabilities
Streaming-tech company Wurl re...
24/03/2026
Directed by Greg DeHart, the doc will feature Sports Broadcasting Hall of Famers...
24/03/2026
For the first time ever, Tubi - Fox's free streaming service - is working w...
24/03/2026
L3Harris ramps up production of its VAMPIRE C-UxS system....
24/03/2026
For more than 70 years, L3Harris has delivered essential fuzes and safe-and-arm solutions that bring the might to multi-domain battlefields across the globe, ...
24/03/2026
Grass Valley has strengthened its long-standing relationship with ImSoPROD, the TV production entity of the FDJ United, with the deployment of Grass Valley LDX ...
24/03/2026
At the 2026 NAB Show in Las Vegas, Utah Scientific will spotlight its expanding portfolio of hybrid SDI/IP routing, conversion, control, and signal management s...
24/03/2026
Fresh off its global reveal at ISE 2026 in Barcelona, the new V410 live 4K encoder/decoder from Miri Technologies Inc. will make its North American debut at the...
24/03/2026
Cinegy GmbH, premier provider of software-defined television technology, will show how its solutions answer the real challenges facing content creators and broa...
24/03/2026
Canberra-based radio and online broadcast network ArtSound FM (https://artsound.fm/) has invested in DHD audio mixing consoles for two new studios at its headqu...
24/03/2026
IBC today announced the nine projects selected for its 2026 Accelerator Media Innovation Programme, bringing together organisations from across broadcast, strea...
24/03/2026
Mediaproxy, the global standard for software-based IP compliance monitoring and multiviewing solutions, will showcase the next generation of its industry-leadin...
24/03/2026
Underscoring its global reputation as one of Canada's most renowned colleges for television production, the C gep de Jonqui re public college in Qu bec has ...
24/03/2026
Leading video software provider Synamedia today announced the launch of the industry's first edge watermarking solution that enables faster disruption of pi...
24/03/2026
Experience Commerce, a leading full-service digital marketing agency and part of the Cheil SWA Group, has secured the annual social media mandate for Fiat Payme...
24/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/03/2026
Intinor introduces enhanced SRT monitoring, HDR transport and NDI Advanced suppo...
24/03/2026
Miri V410 Live 4K Encoder/Decoder to Make North American Debut at 2026 NAB Show
Brie Clayton March 23, 2026
0 Comments
Powerful new solution for strea...
24/03/2026
March 24th, 2026
TRIBECA FESTIVAL AND VULTURE PARTNER TO BRING VULTURE FESTI...
24/03/2026
March 24th, 2026
TRIBECA X ANNOUNCES PRELIMINARY 2026 SPEAKER LINEUP
Cedric the Entertainer, Ted Danson, Brooklyn Peltz Beckham, Dhar Mann, K-Pop Demon ...
24/03/2026
Back to All News
McDonalds and Netflix Call on Fans to Pick a Side With Two New...
24/03/2026
Back to All News
BTS Commands the Global Stage as BTS THE COMEBACK LIVE | ARIRA...
24/03/2026
Artificial intelligence has rapidly emerged as one of the most critical workload...
23/03/2026
The Professional Fighters League (PFL) has renewed its multi-year partnership wi...
23/03/2026
The Snow League has named Google Cloud as its Official Cloud and AI Partner. The...
23/03/2026
Chyron has appointed Eric Wolff as Director of Venues Sales, North America. Wolff previously served as Director of Broadcast Operations & Media Production for T...