Broad based growth across majority of Xilinx end markets driving strong quarter and full-year outlook
SAN JOSE, Calif., Oct. 24, 2018 — (PRNewswire) — Xilinx, Inc. (Nasdaq: XLNX) today announced record revenues of $746 million for the second quarter of fiscal year 2019, up 9% from the prior quarter and up 19% year over year. GAAP net income for September quarter was a record of $216 million, or $0.84 per diluted share. Non-GAAP net income for September quarter was a record of $221 million, or $0.87 per diluted share.
The Xilinx Board of Directors declared a quarterly cash dividend of $0.36 per outstanding share of common stock payable on December 4, 2018 to all stockholders of record at the close of business on November 13, 2018.
Additional second quarter of fiscal year 2019 comparisons are represented in the charts below. Due to the adoption of the new revenue recognition standard in the first quarter of fiscal year 2019, all fiscal 2018 results have been restated to conform to the new standard:
Q2 2019 Financial Highlights | ||||||||
(In millions, except EPS) | ||||||||
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| GAAP |
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| Q2 | Q1 | Q2 |
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| FY 2019 | FY 2019 | FY 2018 |
| Q-T-Q | Y-T-Y |
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Net Revenues* | $746 | $684 | $627 |
| 9% | 19% |
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Operating income | $233 | $216 | $192 |
| 8% | 21% |
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Net income | $216 | $190 | $174 |
| 14% | 24% |
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Diluted earnings per share | $0.84 | $0.74 | $0.67 |
| 14% | 25% |
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| Non-GAAP |
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| Q2 | Q1 | Q2 |
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| FY 2019 | FY 2019 | FY 2018 |
| Q-T-Q | Y-T-Y |
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| Net Revenues* | $746 | $684 | $627 |
| 9% | 19% |
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| Operating income | $236 | $218 | $193 |
| 8% | 22% |
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| Net income | $221 | $192 | $174 |
| 15% | 27% |
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| Diluted earnings per share | $0.87 | $0.75 | $0.67 |
| 16% | 30% |
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| *No adjustment between GAAP and Non-GAAP |
