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Xilinx Inc (XLNX) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 28, 2019

Xilinx Inc

CIK: 743988 Ticker: XLNX


Exhibit 99.1
Investor Relations Contact:
Suresh Bhaskaran
Xilinx, Inc.
(408) 879-4784
ir@xilinx.com

XILINX REPORTS FISCAL SECOND QUARTER 2020 RESULTS
Company now expects full year revenue growth of approximately 6%
Board of Directors approves share repurchase authorization of up to $1.0 billion


SAN JOSE, Calif., Oct. 23, 2019
-- Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive and intelligent computing, today announced revenues of $833 million for the second quarter of fiscal year 2020, down 2% from the prior quarter and up 12% year over year. GAAP net income for the September quarter was $227 million, or $0.89 per diluted share. Non-GAAP net income for the September quarter was $240 million, or $0.94 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.37 per outstanding share of common stock payable on December 3, 2019, to all stockholders of record at the close of business on November 12, 2019.  The Xilinx Board of Directors also approved a new authorization for the Company to repurchase up to $1.0 billion of its common stock. The timing of share repurchases and exact number of common shares to be purchased will depend upon prevailing market conditions and other factors.

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

Q2 2020 Financial Highlights
(In millions, except EPS)
     
 
GAAP
 
 
 
 
 
 
 
 
Q2
Q1
Q2
 
 
 
 
FY 2020
FY 2020
FY 2019
 
Q-T-Q
Y-T-Y
Net revenues*
$833
$850
$746
 
-2%
12%
Operating income
$204
$251
$233
 
-19%
-13%
Net income
$227
$241
$216
 
-6%
5%
Diluted earnings per share
$0.89
$0.94
$0.84
 
-5%
6%
 
 
 
 
 
 
 
 
Non-GAAP
 
 
 
 
 
 
 
 
Q2
Q1
Q2
 
 
 
 
FY 2020
FY 2020
FY 2019
 
Q-T-Q
Y-T-Y
Net revenues*
$833
$850
$746
 
-2%
12%
Operating income
$217
$260
$236
 
-16%
-8%
Net income
$240
$249
$221
 
-4%
8%
Diluted earnings per share
$0.94
$0.97
$0.87
 
-3%
8%
* No adjustment between GAAP and Non-GAAP
 
 





The following information was filed by Xilinx Inc (XLNX) on Wednesday, October 23, 2019 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.

View differences made from one quarter to another to evaluate Xilinx Inc's financial trajectory

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Inside Xilinx Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Statements Of Stockholders' Equity Statement
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
Business Combination (Tables)
Business Combination - Assets Acquired And Liabilities Assumed (Details)
Business Combination - Intangible Assets Acquired (Details)
Business Combination - Narrative (Details)
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)
Leases And Commitments
Leases And Commitments - Schedule Of Maturity Of Lease Liability (Details)
Leases And Commitments (Tables)
Leases And Commitments - Components Of Lease Cost (Details)
Leases And Commitments - Lease Assets And Liabilities (Details)
Leases And Commitments - Other Information (Details)
Leases And Commitments Narrative (Details)
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 Recent Accounting Standards (Details)
Segment Information
Segment Information (Details)
Segment Information (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 4)
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: 0000743988-19-000038
Submitted to the SEC: Thu Oct 24 2019 3:09:13 PM EST
Accepted by the SEC: Fri Oct 25 2019
Period: Saturday, September 28, 2019
Industry: Semiconductors And Related Devices

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