SAN JOSE, Calif., Oct 20, 2010-- Xilinx, Inc. (Nasdaq: XLNX) today announced second quarter fiscal 2011 sales of $619.7 million, up 4% sequentially and up 49% from the second quarter of the prior fiscal year. Second quarter fiscal 2011 net income was $170.9 million, or $0.65 per diluted share.
The Xilinx Board of Directors announced a quarterly cash dividend of $0.16 per outstanding share of common stock, payable on December 1, 2010 to all stockholders of record at the close of business on November 10, 2010.
Additional second quarter comparisons are represented in the charts below:
GAAP Results
(In millions, except EPS)
The September quarter marked the fourth consecutive quarter of record sales for Xilinx. Operating margin of 36% was also a new milestone for Xilinx, up from 35% in the previous quarter; and up from 20% in the same quarter of the prior year.
"New Product sales were led by particularly strong growth from the Virtex(TM)-6 and Spartan(TM)-6 FPGA families," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "Combined sales from these families more than doubled sequentially in the September quarter driven by strong new customer adoption in wide ranging applications such as 3D digital video displays, high performance computing and wireless infrastructure."
Net Revenues by Geography:
Net Revenues by End Market:
Net Revenues by Product:
Products are classified as follows:
Key Statistics:
(Dollars in millions)
* Return on equity calculation: Annualized net income/average stockholders' equity
Highlights - Second Quarter Fiscal 2011
Sales from the Virtex-5 FPGA family reached another milestone in the September quarter, surpassing $1 billion in total sales. This product family continues to experience solid design win traction in myriad applications such as wireless LTE infrastructure, LED backlit, avionics imaging and mobile backhaul.
Xilinx augmented its leadership in Aerospace and Defense (A&D) solutions by launching the Virtex-5QV FPGA, the first high-density, rad-hard reconfigurable FPGA for space applications. Additionally, Xilinx received NSA approval of its Virtex-5Q FPGA solution for high-grade cryptographic processing, underscoring a 20-year track record of meeting the rigorous demands of the A&D industry.
Business Outlook - December Quarter Fiscal 2011
Financial Tables
To read financial tables, click here
Conference Call
A conference call will be held today at 2:00 p.m. Pacific Time to discuss the second quarter financial results and management's outlook for the December quarter. The webcast and subsequent replay will be available in the investor relations section of the Company's web site at www.investor.xilinx.com. A telephonic replay of the call may be accessed later in the day by calling (800) 642-1687 and referencing confirmation code 14094913. The telephonic replay will be available for two weeks following the live call.
About Xilinx
Xilinx is the world's leading provider of programmable platforms. For more information, visit www.xilinx.com.