Xilinx Inc (XLNX) 10-Q Quarterly Report Thu Oct 22 2020


l			Revenues of $767 million, exceeding the mid-point of guidance and up 5% sequentially
l			Record Data Center Group (DCG) revenue, with 23% sequential and 30% annual growth
l			Automotive, Broadcast & Consumer (ABC) revenue increased 36% sequentially, driven by Automotive market improvement
l			Free cash flow of $232 million, or 30% of revenue
l			Returned $93 million to stockholders through dividends

SAN JOSE, Calif., October 21, 2020

-- Xilinx, Inc. (Nasdaq: XLNX), the leader in adaptive computing, today announced revenues of $767 million for the second quarter of fiscal year 2021.

GAAP net income for the quarter was $194 million, or $0.79 per diluted share. Non-GAAP net income was $203 million, or $0.82 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.38 per outstanding share of common stock payable on December 2, 2020 to all stockholders of record at the close of business on November 11, 2020.

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

The following information was filed by Xilinx Inc (XLNX) on Wednesday, October 21, 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.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/743988/000074398820000051/xlnx-20200926.htm

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

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Xilinx Inc.

Continue

Assess how Xilinx Inc's management team is paid from their Annual Proxy

Xilinx Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Rating
Learn More

Filter by Sentiment:

All

Positive

Negative

Filter by Category:

All

Financial

Revenue

Other

Filter by Subcategory:

All

Expense

Product

Debt

Income

Earnings

Dividend

Other

Inside Xilinx Inc's 10-Q Quarterly Report:

Financial - Expense Highlight
Selling, General and Administrative Selling, general and administrative expenses increased by $2.2 million for the second quarter while remained flat for the first six months of fiscal 2021 from the comparable prior year periods.

Revenue - Product Highlight
Accounts receivable increased by $89.5 million and days sales outstanding increased to 44 days at September 26, 2020 from 31 days at March 28, 2020.
Financial - Expense Highlight
The increases were primarily related to higher expenses associated with RSUs to remain competitive in compensation, as we granted RSUs at a higher fair value than in the prior years.
Financial - Debt Highlight
Based on this definition, our critical accounting policies include: valuation of marketable securities, which impacts losses on debt and equity securities when we record impairments; revenue recognition, which impacts the recording of revenues; and valuation of inventories, which impacts cost of revenues and gross margin.
Financial - Income Highlight
The decreases were primarily due to lower interest income from the investment portfolio and less gain from sale of investments.
Financial - Earnings
For the first six months...Read more
Other - Other
However, the ongoing COVID-19 pandemic...Read more
Financial - Earnings
Gross Margin Gross margin was...Read more
Revenue - Product
The increases were driven primarily...Read more
Other - Other
These items were partially offset...Read more
Revenue - Product
The increase for the first...Read more
Revenue - Product
The increases were primarily due...Read more
Revenue - Product
The increase in the second...Read more
Revenue - Product
The increase for the second...Read more
Financial - Expense
Stock-Based Compensation The stock-based compensation...Read more
Revenue - Product
The increase for the second...Read more
Financial - Expense
The increase in the effective...Read more
Revenue - Product
The decreases were primarily due...Read more
Revenue - Product
Net revenues by geography for...Read more
Revenue - Product
Net Revenues by Product Net...Read more
Other - Other
We also have other key...Read more
Other - Other
The increase was partially offset...Read more
Financial - Dividend
The dividend is payable on...Read more
Revenue - Product
Net revenues from Automotive, Broadcast...Read more
Revenue - Product
Net revenues from Wired and...Read more
Revenue - Product
Net revenues in Asia Pacific...Read more
Revenue - Product
Net revenues in Japan decreased...Read more
Revenue - Product
Net cash used in investing...Read more
Revenue - Product
The decreases were primarily due...Read more
Revenue - Product
The decreases were primarily due...Read more
Revenue - Product
The decreases were primarily due...Read more
Revenue - Product
The decreases were primarily due...Read more
Other - Other
We expect to mitigate any...Read more
Revenue - Product
The decrease in the first...Read more
Revenue - Product
The decrease for the second...Read more
Revenue - Product
The decrease for the first...Read more
Revenue - Product
The decrease for the first...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Xilinx Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract

Exhibit 10.2: Material Contract

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: XLNX
CIK: 743988
Form Type: 10-Q Quarterly Report
Accession Number: 0000743988-20-000051
Submitted to the SEC: Thu Oct 22 2020 4:15:50 PM EST
Accepted by the SEC: Thu Oct 22 2020
Period: Saturday, September 26, 2020
Industry: Semiconductors And Related Devices