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LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors.com has just released a free earnings report on Xilinx, Inc. (NASDAQ: XLNX). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=XLNX. Xilinx posted its third quarter fiscal 2018 (Q3 FY18) financial results on January 24, 2018. The leading computer devices developers' earnings surpassed market expectations, while its revenue grew for ninth consecutive quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Xilinx most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
During the third quarter of the fiscal year 2018, Xilinx posted net sales of $631.19 million compared to $585.69 million in Q3 FY17, reflecting an increase of 7.77%. Xilinx's sales growth was primarily backed by strong revenues from Advanced Products, increasing 30.00% from the same quarter a year ago and comprising 56.00% of the Company's sales, supported by accelerated growth in industry-leading 20nm and 16nm technology nodes. The Company's revenue numbers beat analysts' estimates of $630.00 million.
Xilinx's gross profit was $449.04 million in Q3 FY18 compared to $407.46 million in Q3 FY17, increasing 10.21% on a y-o-y basis. The Company's selling, general, and administrative expenses (SG&A) amounted to $92.75 million in the reported quarter compared to $83.78 million in the year ago same period, increasing 10.71% on a y-o-y basis. The Company's operating income was $189.70 million in Q3 FY18 compared to $162.97 million in Q3 FY17, increasing 16.40% on a y-o-y basis.
Xilinx's net income was $11.95 million in the reported quarter compared to $141.85 million in Q3 FY17. The Company's earnings per share (EPS) were $0.05 in Q3 FY18 compared to $0.52 in the third quarter of the previous fiscal year. The decline was attributed to the recent enactment of the Tax Cuts and Jobs Act, incurring a tax expense of approximately $183.00 million in the reported quarter. Adjusted earnings were $0.76 in the reported quarter, beating analysts' estimates of $0.63 per share.
Xilinx's Segment Details
Xilinx's segregated revenues are as follows:
On the basis of Product categories, the Advanced Products' revenues increased 30.00% on a y-o-y basis, whereas its Core Products' revenues decreased 12.00% compared to the year ago same period.
The revenues on the basis of End Market from Industrial, Aerospace & Defense were $297.00 million, increasing 23.00% from the same quarter a year ago, driven by significant strength in Semiconductor Test and Emulation Applications. Its Communication and Data Center category reflected a decrease of 12.00% on a y-o-y basis, whereas its Broadcast, Consumer & Automotive category increased 24.00% compared to the year ago corresponding period.
On geographical basis and on a y-o-y basis, the American region's net sales increased 12.00%, Asia/Pacific region's net sales increased 3.00%, European region's net sales increased 11.00%, and Japan's revenue increased 10.00%.
As on December 30, 2017, Xilinx had cash and cash equivalents of $3.54 billion. The Company's cash inflow from operating activities was $184.69 million in the reported quarter compared to a cash inflow of $148.76 million in Q3 FY17. Xilinx declared a quarterly cash dividend of $0.35 per outstanding share payable on February 22, 2018, to all stockholders of record on February 07, 2018.
For the fourth quarter of fiscal year 2018, Xilinx is expecting sales growth to be in the range of $635.00 million to $665.00 million, and gross margin is expected to be in the band 69.00% to 71.00%. The Company's operating expenses are expected to increase to $285.00 million, and tax rate to be in the band of 0.00% to 5.00%.
Stock Performance Snapshot
January 29, 2018 - At Monday's closing bell, Xilinx's stock was slightly up 0.33%, ending the trading session at $72.18.
Volume traded for the day: 3.65 million shares, which was above the 3-month average volume of 2.10 million shares.
Stock performance in the last month – up 6.29%; previous three-month period – up 2.19%; past twelve-month period – up 23.41%; and year-to-date – 7.06%
After yesterday's close, Xilinx's market cap was at $17.56 billion.
Price to Earnings (P/E) ratio was at 38.05.
The stock has a dividend yield of 1.94%.
The stock is part of the Technology sector, categorized under the Semiconductor - Integrated Circuits industry.
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