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Xilinx Inc (XLNX) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 29, 2018

Xilinx Inc

CIK: 743988 Ticker: XLNX


Exhibit 99.1

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

XILINX REPORTS RECORD QUARTERLY REVENUE AND EPS
RAISES FISCAL YEAR 2019 GUIDANCE

Broad based growth across majority of Xilinx end markets driving strong quarter and full-year outlook

SAN JOSE, Calif., October 24, 2018
-- Xilinx, Inc. (Nasdaq: XLNX) today announced record revenues of $746 million for the second quarter of fiscal year 2019, up 9% from the prior quarter and up 19% year over year. GAAP net income for September quarter was a record of $216 million, or $0.84 per diluted share. Non-GAAP net income for September quarter was a record of $221 million, or $0.87 per diluted share.
The Xilinx Board of Directors declared a quarterly cash dividend of $0.36 per outstanding share of common stock payable on December 4, 2018 to all stockholders of record at the close of business on November 13, 2018.  
Additional second quarter of fiscal year 2019 comparisons are represented in the charts below. Due to the adoption of the new revenue recognition standard in the first quarter of fiscal year 2019, all fiscal 2018 results have been restated to conform to the new standard:

Q2 2019 Financial Highlights
(In millions, except EPS)
 
 
GAAP
 
 
Q2
Q1
Q2
 
 
 
 
 
FY 2019
FY 2019
FY 2018
 
Q-T-Q
Y-T-Y
Net Revenues*
$746
$684
$627
 
9%
19%
Operating income
$233
$216
$192
 
8%
21%
Net income
$216
$190
$174
 
14%
24%
Diluted earnings per share
$0.84
$0.74
$0.67
 
14%
25%
 
 
 
 
 
 
 
 
 
 
Non-GAAP
 
 
Q2
Q1
Q2
 
 
 
 
 
FY 2019
FY 2019
FY 2018
 
Q-T-Q
Y-T-Y
Net Revenues*
$746
$684
$627
 
9%
19%
Operating income
$236
$218
$193
 
8%
22%
Net income
$221
$192
$174
 
15%
27%
Diluted earnings per share
$0.87
$0.75
$0.67
 
16%
30%
                     
*No adjustment between GAAP and Non-GAAP




The following information was filed by Xilinx Inc (XLNX) on Wednesday, October 24, 2018 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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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Details)
Accumulated Other Comprehensive Income (Tables)
Basis Of Presentation
Business Combination (Details)
Business Combination (Notes)
Business Combination (Tables)
Business Combination Schedule Of Assets Acquired And Liabilities Assumed (Details)
Business Combination Schedule Of Intangible Assets Acquired (Details)
Commitments
Commitments (Details Textual)
Commitments (Details)
Commitments (Tables)
Common Stock Repurchase Program
Common Stock Repurchase Program (Details)
Contingencies
Contingencies Contingencies (Details)
Debt And Credit Facility
Debt And Credit Facility (Details 1)
Debt And Credit Facility (Details 2)
Debt And Credit Facility (Tables)
Derivative Financial Instruments
Derivative Financial Instruments (Details Textual)
Fair Value Measurements
Fair Value Measurements (Details Textual)
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Financial Instruments
Financial Instruments (Details 1)
Financial Instruments (Details 2)
Financial Instruments (Details 3)
Financial Instruments (Details)
Financial Instruments (Tables)
Goodwill And Acquisition-Related Intangibles
Goodwill And Acquisition-Related Intangibles (Details 1)
Goodwill And Acquisition-Related Intangibles (Details)
Goodwill And Acquisition-Related Intangibles (Tables)
Income Taxes
Income Taxes (Details Textual)
Interest And Other Expense, Net
Interest And Other Expense, Net (Details)
Interest And Other Expense, Net (Tables)
Inventories
Inventories Inventories (Details)
Inventories Inventories (Tables)
Net Income Per Common Share
Net Income Per Common Share Net Income Per Common Share (Details)
Net Income Per Common Share Net Income Per Common Share (Tables)
Product Warranty And Indemnification (Notes)
Recent Accounting Changes And Accounting Pronouncements
Recent Accounting Changes And Accounting Pronouncements Accounting Standard Update 2016-01 (Details)
Recent Accounting Changes And Accounting Pronouncements Accounting Standards Update 2016 -16 (Details)
Recent Accounting Changes And Accounting Pronouncements Recent Accounting Standards (Details)
Recent Accounting Changes And Accounting Pronouncements Recent Accounting Standards (Tables)
Significant Customers And Concentrations Of Credit Risk (Details)
Significant Customers And Concentrations Of Credit Risk (Notes)
Stock-Based Compensation Plans
Stock-Based Compensation Plans (Details Textual)
Stock-Based Compensation Plans (Details)
Stock-Based Compensation Plans (Tables)
Stock-Based Compensation Plans Stock-Based Compensation Plans (Details 1)
Stock-Based Compensation Plans Stock-Based Compensation Plans (Details 3)
Subsequent Events (Details)
Subsequent Events (Notes)
Ticker: XLNX
CIK: 743988
Form Type: 10-Q Quarterly Report
Accession Number: 0000743988-18-000044
Submitted to the SEC: Thu Oct 25 2018 5:05:52 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Saturday, September 29, 2018
Industry: Semiconductors And Related Devices

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