Exhibit 99.1


Investor Relations Contact:
Suresh Bhaskaran
Xilinx, Inc.
(408) 879-4784
ir@xilinx.com

XILINX REPORTS FISCAL THIRD QUARTER 2020 RESULTS
 
SAN JOSE, Calif., Jan. 28, 2020
-- Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive and intelligent computing, today announced revenues of $723 million for the third quarter of fiscal year 2020, down 13% from the prior quarter and down 10% year over year. GAAP net income for the December quarter was $162 million, or $0.64 per diluted share. Non-GAAP net income for the December quarter was $171 million, or $0.68 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.37 per outstanding share of common stock payable on February 20, 2020 to all stockholders of record at the close of business on February 11, 2020.

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

Q3 2020 Financial Highlights
(In millions, except EPS)

 
GAAP
 
 
 
 
 
 
 
 
Q3
Q2
Q3
 
 
 
 
FY 2020
FY 2020
FY 2019
 
Q-T-Q
Y-T-Y
Net revenues*
$723
$833
$800
 
-13%
-10%
Operating income
$159
$204
$258
 
-22%
-38%
Net income
$162
$227
$239
 
-29%
-32%
Diluted earnings per share
$0.64
$0.89
$0.93
 
-28%
-31%
 
 
 
 
 
 
 
 
Non-GAAP
 
 
 
 
 
 
 
 
Q3
Q2
Q3
 
 
 
 
FY 2020
FY 2020
FY 2019
 
Q-T-Q
Y-T-Y
Net revenues*
$723
$833
$800
 
-13%
-10%
Operating income
$174
$217
$263
 
-20%
-34%
Net income
$171
$240
$237
 
-29%
-28%
Diluted earnings per share
$0.68
$0.94
$0.92
 
-28%
-26%
* No adjustment between GAAP and Non-GAAP
 
 
 

Xilinx also announced cost-saving measures designed to drive structural operating efficiencies across the company. Xilinx expects to reduce its global workforce by approximately 7% through a targeted reduction in force and meaningfully slower hiring to replace attrition. In addition to the targeted reduction in force, Xilinx is taking other measures to reduce operating expenses, including further reducing discretionary spend



The following information was filed by on Tuesday, January 28, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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