Sony Pixel Power calrec Sony

Xilinx Reports First Quarter Fiscal Year 2021 Results

30/07/2020

Xilinx Reports First Quarter Fiscal Year 2021 Results Jul 30, 2020

Revenues of $727 million, exceeding initial guidance and in-line with revised guidance

Record Data Center Group (DCG) revenue, with 10% sequential and 104% annual growth

Wireless Group (WWG) revenue increased 27% sequentially

Free cash flow of $230 million, or 32% of revenue

Returned $146 million to stockholders through dividends and share repurchases

SAN JOSE, Calif.--(BUSINESS WIRE)-- Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive and intelligent computing, today announced revenues of $727 million for the first quarter of fiscal year 2021.

GAAP net income for the quarter was $94 million, or $0.38 per diluted share. Non-GAAP net income was $160 million, or $0.65 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.38 per outstanding share of common stock payable on September 3, 2020 to all stockholders of record at the close of business on August 13, 2020.

Additional first quarter of fiscal year 2021 comparisons are provided in the charts below.

Q1 2021 Financial Highlights

(In millions, except EPS)

GAAP

Q1

Q4

Q1

FY2021

FY2020

FY2020

Q-T-Q

Y-T-Y

Net revenues*

$727

$756

$850

-4%

-14%

Operating income

$176

$178

$251

-1%

-30%

Net income

$94

$162

$241

-42%

-61%

Diluted earnings per share

$0.38

$0.65

$0.94

-42%

-60%

Non-GAAP

Q1

Q4

Q1

FY2021

FY2020

FY2020

Q-T-Q

Y-T-Y

Net revenues*

$727

$756

$850

-4%

-14%

Operating income

$187

$218

$260

-14%

-28%

Net income

$160

$193

$249

-17%

-36%

Diluted earnings per share

$0.65

$0.78

$0.97

-17%

-33%

* No adjustment between GAAP and Non-GAAP

Our fiscal Q1 revenue was well above the initial guidance despite ongoing business challenges from COVID-19 and global trade issues, said Xilinx president and CEO Victor Peng. Results were driven by strength in the Data Center Group (DCG), Wired and Wireless Group (WWG), and the Industrials market, offsetting expected headwinds in consumer-oriented end markets, including Automotive and Broadcast. The outperformance was due to a combination of strength in multiple end markets, as well as some order acceleration driven by recent additional U.S. government trade restrictions on sales of certain Xilinx products to some customers based, or with operations, in China.

Our diversified end markets remain a key strength, and our business continues to perform better than expected even after our revised guidance, said Xilinx CFO Brice Hill. This strength is reflected in our results for the first quarter as well as our improved outlook for the fiscal second quarter. We continue to be well positioned to capitalize on opportunities across all our end markets.

Net Revenues by Geography:

Percentages

Growth Rates

Q1

Q4

Q1

FY2021

FY2020

FY2020

Q-T-Q

Y-T-Y

North America

26%

37%

23%

-33%

-6%

Asia Pacific

54%

37%

51%

42%

-9%

Europe

13%

18%

18%

-33%

-39%

Japan

7%

8%

8%

-11%

-18%

Net Revenues by End Market:

Percentages

Growth Rates

Q1

Q4

Q1

FY2021

FY2020

FY2020

Q-T-Q

Y-T-Y

A&D, Industrial and TME

45%

50%

39%

-13%

-2%

Automotive, Broadcast and Consumer

12%

16%

15%

-24%

-29%

Wired and Wireless Group

32%

24%

41%

27%

-33%

Data Center Group

12%

10%

5%

10%

104%

Channel

-1%

0%

0%

NM

NM

Net Revenues by Product:

Percentages

Growth Rates

Q1

Q4

Q1

FY2021

FY2020

FY2020

Q-T-Q

Y-T-Y

Advanced Products

68%

70%

69%

-7%

-16%

Core Products

32%

30%

31%

2%

-12%

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)

Q1

Q4

Q1

FY2021

FY2020

FY2020

Annual Return on Equity (%) (1)

26

31

38

Operating Cash Flow

$245

$345

$298

Depreciation Expense (including software amortization)

$32

$29

$24

Capital Expenditures (including software)

$15

$32

$29

Free Cash Flow (2)

$230

$313

$269

Inventory Days (internal)

114

122

107

Revenue Turns (%)

31

46

24

(1)

Return on Equity = Trailing twelve months GAAP net income / average stockholders' equity

(2)

Free Cash Flow = Operating Cash Flow - Capital Expenditures (including software)

Product and Financial Highlights - Fiscal First Quarter 2021

Xilinx launched the industry's first 20-nanometer (nm) space-grade FPGA, delivering radiation tolerance and ultra-high throughput and bandwidth performance for satellite and space applications.

Xilinx introduced two real-time video server appliances that will enable service providers to deliver high-quality, low-cost live video streaming for applications such as eSports and game streaming platforms, social and video conferencing, and live distance learning.

In order to provide critical infrastructure and funding to support novel research in adaptive compute acceleration for high performance computing (HPC), Xilinx established the Xilinx Adaptive Compute Clusters (XACC) at ETH Zurich in Switzerland, University of California, Los Angeles (UCLA), University of Illinois at Urbana Champaign (UIUC), and the National University of Singapore (NUS).

Targeting the data center and wired and wireless communications markets, Xilinx released the new Virtex UltraScale+ VU57P FPGA for latency-sensitive workloads where fast data throughput and fast memory are key requirements.

Xilinx issued $750 million in 2030 Notes with net proceeds to be u
LINK: https://www.xilinx.com/news/press/2020/xilinx-reports-first-quarter-fi...
See more stories from xilink

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 2026

January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026 Throughout the week, Dolby brings to life the latest innovatio...

01/05/2026

NBCUniversal's Peacock to Be First Streamer to Integrate Dolby's Full Suite of Premium Picture and Sound Innovations

January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...

01/04/2026

DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION

January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION Douyin Users Can Now Create And Share Videos With Stun...

05/02/2026

Football And Younger Viewers Drive Ad Supported TV Viewing To 2025 High, Nielsen's Q4 2025 Ad Supported Gauge Finds

During this period, streaming comprised the majority of ad supported TV (45.6%),...

05/02/2026

New Orlando TV Station Focuses On Puerto Rican Viewers

Share Copy link Facebook X Linkedin Bluesky Email...

05/02/2026

Teads, Google TV Partner To Grow CTV HomeScreen Ad Availability

Share Copy link Facebook X Linkedin Bluesky Email...

05/02/2026

Advanced Systems Group Appoints Industry Veteran Derek Pe...

Advanced Systems Group, LLC (ASG), a technology and services provider for media creatives and content owners, announced the appointment of Derek Pezzotti as Sen...

05/02/2026

Taurus Technologies Elevates Podcast Production with Brig...

Taurus Technologies, a Dallas-area professional AV systems integrator, has upgraded its in-house podcast studio with Brightline Lighting's AV/720 low-voltag...

05/02/2026

NBC Sports Selects Production Infrastructure and Signal P...

NBC Universal to Present XXV Olympic Winter Games Feb. 6-22 and Milan Cortina Paralympics March 6-15 NBC Sports to Utilize Grass Valley's Frame Rate Conver...

05/02/2026

Atomos Unveils All New Shogun AV-19

Atomos today announced Shogun AV-19, a rack-mountable, 19-inch 4K HDR monitor-recorder-switcher designed for professional live production, broadcast, and video ...

05/02/2026

Vizrt revolutionizes corporate communications with AI-pow...

Vizrt, the leader in live production technology, revolutionizing viewer experience and engagement, today introduces two brand new solutions in partnership with ...

05/02/2026

Appear Appoints Simon Frost as Chief Marketing Officer to...

Appear, a global leader in live production technology, today announced the appointment of Simon Frost in a newly created role as Chief Marketing Officer (CMO). ...

05/02/2026

Noah Chamis ICLS Illuminates Only Murders in the Building...

New York gaffer Noah Chamis, ICLS ( You Deserve Each Other , The Half of It , Project Runway ) practices a mix of technical precision and creative play in his...

05/02/2026

NBC Sports Deploys Audio-Technica Microphones for Winter Olympics

Share Copy link Facebook X Linkedin Bluesky Email...

05/02/2026

Hemisphere Media Group, Entravision Launch WAPA Orlando

Share Copy link Facebook X Linkedin Bluesky Email...

05/02/2026

SMT Providing Timing And Production Data Services for Winter Olympics

Share Copy link Facebook X Linkedin Bluesky Email...

05/02/2026

GeForce NOW Celebrates Six Years of Streaming With 24 Games in February

Break out the cake and green sprinkles - GeForce NOW is turning six. Since launch, members have streamed over 1 billion hours, and the party's just getting...

04/02/2026

Save the Date: SVG Regional Sports Production Summit Heads to Denver June 29-30

The 11th-annual Summit will not only the unprecedented headwinds facing the business, but also the groundbreaking opportunities for the future....

04/02/2026

2026 Grammy Awards Audio Team Collaborates for Live Broadcast

Just moments before the 2026 Grammy Awards kicked off, members of the event's audio team assembled for a group photo at the base of the stage inside Los Ang...

04/02/2026

Riedel Connects Live Surgery and Medical Professionals at VISAR 2025

At the Vienna Interdisciplinary Symposium on Aortic Repair (VISAR), Riedel Communications' Managed Technology Division delivered a turnkey technical infrast...

04/02/2026

Mountain West Announces New Media Rights Package in Collaboration with CBS Sports, FOX Sports, The CW Network, and Kiswe

The Mountain West Conference announces a new media rights package featuring CBS ...

04/02/2026

NFL 2026 International Games Announced in Madrid, Mexico, and Paris

Earlier this week, the NFL announced it would play regular season games in Madrid, Paris, and Mexico City in 2026 as part of a nine-game international schedule,...

04/02/2026

Super Bowl Halftime Show Preview: PA Speakers on Wheels Return for Football-Meets-Music Event

Custom-built carts carry music speakers for Apple Music Super Bowl LX Halftime S...

04/02/2026

Wireless Audio, Part 1: RF Does More With Less, Because It Has To

In an era of constrained spectrum, two tactics have emerged: work closely with regulatory bodies and utilize engineering chops The Federal Communications Commi...

04/02/2026

Wireless Audio, Part 2: RF Mics Have a Key Role in Sports Broadcasting

Three examples of how wireless microphones are deployed to bring fans in deep and up close Microphone manufacturers have myriad ways to put wireless to work fo...

04/02/2026

Sennheiser Is Moving to Music City

The mic manufacturer will join other suppliers in the new Rock Nashville production campus Sennheiser is relocating its U.S. headquarters from its long-time lo...

04/02/2026

Release Rundown: What to Watch in February, From Jimpa to Queen of Chess

Olivia Colman and John Lithgow appear in Jimpa by Sophie Hyde, an official selection of the 2025 Sundance Film Festival. (Courtesy of Sundance Institute | pho...

04/02/2026

Get More From Lyrics on Spotify With These 3 Upgrades

Lyrics are one of Spotify's most popular features, giving fans a richer way to experience the music and artists they love. They're viewed hundreds of mi...

04/02/2026

Queer Renegades: SBS Audio's new podcast reclaiming Australia's queer history

Queer Renegades: SBS Audio's new podcast reclaiming Australia's queer hi...

04/02/2026

NFVF ANNECY 2026 SOUTH AFRICAN ANIMATION SHOWCASE CALL

The National Film and Video Foundation (NFVF) invites final-year animation students to participate in an exclusive creative showcase at the Annecy International...

04/02/2026

Viper Shield Flight Tests Accelerate Delivery with New Digital Electronic Warfare Capability

Viper Shield's robust phase of flight-testing production representative hard...

04/02/2026

Nielsen launches co-viewing pilot program to further enhance TV measurement

Pilot To Launch with Super Bowl LX on February 8 and Continue with High Profile Live Events, Entertainment and Sports Nielsen to Use State of the Art Wearable...

04/02/2026

Vinten Extends VEGA Platform with VEGA Lite PTZ Control S...

New control solution applies broadcast robotics workflows to PTZ cameras with third-party integration and upgrade paths Vinten, a global leader in robotic cam...

04/02/2026

Vinten Launches Vega Lite PTZ Control System

Share Copy link Facebook X Linkedin Bluesky Email...

04/02/2026

Chyron to Provide Graphics, Virtual Sets for Winter Olympics Coverage

Share Copy link Facebook X Linkedin Bluesky Email...

04/02/2026

NBC Sports Taps Appear for 2026 Winter Olympics Production

Share Copy link Facebook X Linkedin Bluesky Email...

04/02/2026

Katie Vitolins Announced as Vice President of Alumni Products and Services

Katie Vitolins Announced as Vice President of Alumni Products and Services An alumna and former trustee, Vitolins will lead the relaunch of Berklee's alum...

04/02/2026

Full cast announced for Saturday Night Live UK, coming to Sky and NOW 21 March 2026

Wednesday 4 February 2026 Full cast announced for Saturday Night Live UK, comin...

04/02/2026

Fear of running out of mobile data (FORO) is a real issue for UK businesses that lose over 3,400 a year

Wednesday 4 February 2026 Fear of running out of mobile data (FORO) is a real i...

04/02/2026

Rohde & Schwarz powers next generation television in Brazil with DTV+ technology for Globo

Rohde & Schwarz powers next generation television in Brazil with DTV technology...

04/02/2026

Netflix Shares Teaser of the Third and Final Season of 'Knokke Off'

Back to All News Netflix Shares Teaser of the Third and Final Season of Knokke Off Entertainment 04 February 2026 GlobalNetherlands Link copied to clipboar...

04/02/2026

Netflix Premieres 'The TikTok Killer' on March 6

Back to All News Netflix Premieres The TikTok Killer on March 6 Entertainment 04 February 2026 GlobalSpain Link copied to clipboard Download the pictures ...

04/02/2026

Music Is Having a Golden Moment on Netflix as New and Nostalgic Songs Storm the Charts

Back to All News Music Is Having a Golden Moment on Netflix as New and Nostal...

04/02/2026

Fox Corporation Reports Second Quarter Fiscal 2026 Financial Results

Fox Corporation Reports Second Quarter Fiscal 2026 Financial Results NEW YORK, NY, February 4, 2026 - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Compan...

04/02/2026

Lucas P. Aragn Joins FOX Advertising as Senior Vice President, Creative

Lucas P. Arag n Joins FOX Advertising as Senior Vice President, Creative New York, NY - February 4, 2026 - Accomplished Creative Executive Lucas P. Arag n has...

04/02/2026

RT Statement on Home of the Year and The Great House Revival

Following the passing of our friend and colleague Hugh Wallace, and with the full support of his family, RT will proceed with the broadcast of the new series o...

04/02/2026

Nemotron Labs: How AI Agents Are Turning Documents Into Real-Time Business Intelligence

Editor's note: This post is part of the Nemotron Labs blog series, which exp...

03/02/2026

Tagboard's New Partner Development Kit Turns Complex Third-Party Integrations into Instant Graphics

Tagboard, a modern, interactive graphics system for news, sports, and entertainm...

03/02/2026

SNS Launches New S3-Compatible Cloud Storage Service

Studio Network Solutions (SNS) announces the launch of Trio, a new S3-compatible cloud storage service fully integrated with EVO for media backup, archival, and...