Revenue growth of 34% year over year driven by strength across all primary end markets
SAN JOSE, Calif., Jan. 23, 2019 — (PRNewswire) — Xilinx, Inc. (Nasdaq: XLNX) today announced record revenues of $800 million for the third quarter of fiscal year 2019, up 7% from the prior quarter and up 34% year over year. GAAP net income for the December quarter was $239 million, or $0.93 per diluted share. Non-GAAP net income for the December quarter was $237 million, or $0.92 per diluted share.
The Xilinx Board of Directors declared a quarterly cash dividend of $0.36 per outstanding share of common stock payable on February 21, 2019 to all stockholders of record at the close of business on February 6, 2019.
Additional third 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:
Q3 2019 Financial Highlights | ||||||||
(In millions, except EPS) | ||||||||
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| GAAP | |||||||
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| Q3 | Q2 | Q3 |
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| FY 2019 | FY 2019 | FY 2018 |
| Q-T-Q | Y-T-Y | ||
Net revenues* | $800 | $746 | $599 |
| 7% | 34% | ||
Operating income | $258 | $233 | $161 |
| 11% | 60% | ||
Net income (loss) | $239 | $216 | $(12) |
| 11% | NM | ||
Diluted earnings (loss) per share | $0.93 | $0.84 | $(0.05) |
| 11% | NM | ||
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| Non-GAAP | |||||||
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| Q3 | Q2 | Q3 |
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| FY 2019 | FY 2019 | FY 2018 |
| Q-T-Q | Y-T-Y | ||
| Net revenues* | $800 | $746 | $599 |
| 7% | 34% | ||
| Operating income | $263 | $236 | $162 |
| 12% | 63% | ||
| Net income | $237 | $221 | $167 |
| 7% | 42% | ||
| Diluted earnings per share | $0.92 | $0.87 | $0.65 |
| 6% | 42% | ||
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| *No adjustment between GAAP and Non-GAAP |
