“Xilinx delivered another record quarter despite the continuing industry-wide supply chain constraints,” said Victor Peng, Xilinx president and CEO. “We saw broad strength in the vast majority of our markets in the quarter, driven by record performance from the Industrial, Auto, Broadcast and Consumer end markets, as well as improvement in the Aerospace & Defense end market. Our business and operations teams have made tremendous efforts to support our customers’ critical needs in what continues to be an extremely challenging supply environment. We also believe we remain on track for regulatory approval for the AMD transaction and to close by the end of the calendar year.

“Industry trends continue to drive strong demand for Xilinx products. Core markets are benefiting from multiple tail winds, including the increasing requirements for advanced processing and broad digitalization trends in all industries, that are driving both increased silicon content as well as overall demand. 5G volumes remain strong, led by North America and the Asia Pacific region, across multiple products. Our engagements with hyperscalers are deepening as FPGA-as-a-Service expands to new workloads, and we continue to drive solid design win momentum in Compute, Networking and Storage.”

“The record quarters in Industrial, Auto, Broadcast and Consumer end markets drove total sequential growth of 7% and 22% year-over-year,” said Brice Hill, Xilinx CFO. “Our transformation to an adaptive platform company continues to accelerate, with Adaptive SoC sequential revenue growth of 9% and year-over-year growth of 56%. In addition, Advanced Products grew 9% sequentially and 28% year-over-year and represented 74% of total revenue.

“Free cash flow of $107 million, or 11% of revenue, reflected expected normalization in working capital following exceptionally strong free cash flow in Q1. We are extremely pleased that record revenues, combined with strong gross and operating margins, drove record non-GAAP net income and non-GAAP EPS in the quarter.”

Net Revenues by Geography:
	Percentages				Growth Rates
	Q2	Q1	Q2
	FY2022	FY2022	FY2021		Q-T-Q	Y-T-Y
North America	26%	23%	29%		20%	7%
Asia Pacific	48%	52%	48%		-3%	23%
Europe	16%	15%	18%		16%	14%
Japan	10%	10%	5%		8%	124%
Net Revenues by End Market:
	Percentages				Growth Rates
	Q2	Q1	Q2
	FY2022	FY2022	FY2021		Q-T-Q	Y-T-Y
A&D, Industrial and TME	40%	36%	44%		20%	13%
Automotive, Broadcast and Consumer	22%	20%	16%		19%	70%
Wired and Wireless Group	31%	30%	26%		9%	42%
Data Center Group	9%	10%	14%		-3%	-22%
Channel	-2%	4%	0%		NM	NM
Net Revenues by Product:
	Percentages				Growth Rates
	Q2	Q1	Q2
	FY2022	FY2022	FY2021		Q-T-Q	Y-T-Y
Advanced Products	74%	72%	70%		9%	28%
Core Products	26%	28%	30%		0%	8%

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