After their earnings report today, XLNX is up about 3.5% in AH trading.
Xilinx reports Q3 (Dec) results, revs in-line; guides Q4 rev midpoint above consensus
4:27 PM ET 1/24/18 | Briefing.com
Reports Q3 (Dec) earnings of $0.68 per share, ex-tax charge ( GAAP EPS $0.05), may not be comparable to the Capital IQ Consensus of $0.63; revenues rose 7.7% year/year to $631 mln vs the $630 mln Capital IQ Consensus.
Co issues guidance for Q4, sees EPS of $0.69-0.85 (calculated, ex-$30 mln cost from CEO transition), may not be comparable to $0.68 Capital IQ Consensus Estimate; sees Q4 revs of $635-665 mln vs. $643.40 mln Capital IQ Consensus Estimate; gross margin 69-71%
"We delivered our ninth consecutive quarter of revenue growth with December quarter revenues establishing a new record for Xilinx and we achieved our operating margin target of 30% one quarter ahead of schedule," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.
"Revenues from Advanced Products continued to be strong, increasing 30% from the same quarter a year ago and comprising 56% of company sales, supported by accelerated growth in our industry-leading 20nm and 16nm technology nodes. In addition, our 16nm portfolio continued to gain market momentum as we have cumulatively shipped 43 unique products to 1,160 customers." |
