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Xilinx: Q2 Earnings Insights

Benzinga Insights
·1 min read

Shares of Xilinx (NASDAQ:XLNX) rose 2.4% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 12.77% year over year to $0.82, which beat the estimate of $0.74.

Revenue of $766,535,000 decreased by 8.02% year over year, which beat the estimate of $755,130,000.

Outlook

Xilinx hasn't issued any earnings guidance for the time being.

Xilinx hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 21, 2020

View more earnings on XLNX

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/egkw2f3e

Technicals

52-week high: $123.78

52-week low: $67.68

Price action over last quarter: Up 5.90%

Company Description

Founded in 1984, Xilinx is the leader in FPGAs by market share. Its chips are critical in the performance of various devices in the communications, data processing, industrial, consumer, and automotive markets. Xilinx designs and sells chips, but it outsources manufacturing to third-party chip foundries such as TSMC.

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