Xilinx (XLNX) Tops Q3 EPS by 7c, Revenues Beat; Offers Q4 Revenue Guidance Above Consensus

Xilinx (NASDAQ: XLNX) reported Q3 EPS of $0.92, $0.07 better than the analyst estimate of $0.85. Revenue for the quarter came in at $800 million versus the consensus estimate of $770.49 million.

"I am very excited to report yet another record revenue and earnings quarter. During the third fiscal quarter, we delivered revenues of $800 million, representing 34% year over year growth. Based on the guidance we are providing for the fiscal fourth quarter, we expect to exceed $3 billion in annual revenues for the first time in our history. In addition to the robust revenue growth, we also demonstrated strong profitability by posting over 60% growth in non-GAAP operating income and over 40% growth in non-GAAP diluted earnings per share year over year. We continue to execute to our strategy and drive growth across our portfolio," said Victor Peng, President and Chief Executive Officer.

GUIDANCE:

Xilinx sees Q4 2019 revenue of $815-835 million, versus the consensus of $775.4 million.

For earnings history and earnings-related data on Xilinx (XLNX) click here.

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