Fiscal fourth quarter revenues up 30% year over year
SAN JOSE, Calif., April 24, 2019 — (PRNewswire) — Xilinx, Inc. (Nasdaq: XLNX) today announced record revenues of $3.06 billion for fiscal year 2019, up 24% from the prior fiscal year. Revenues were $828 million for the fourth quarter of fiscal year 2019, up 4% from the prior quarter and up 30% year over year.
GAAP net income for fiscal year 2019 was $890 million, or $3.47 per diluted share. Non-GAAP net income for fiscal year 2019 was $892 million, or $3.48 per diluted share. GAAP net income for the March quarter was $245 million, or $0.95 per diluted share. Non-GAAP net income for the March quarter was $242 million, or $0.94 per diluted share.
The Xilinx Board of Directors declared a quarterly cash dividend of $0.37 per outstanding share of common stock payable on June 3, 2019 to all stockholders of record at the close of business on May 16, 2019.
Additional fourth quarter of fiscal year 2019 comparisons are provided in the charts below. Due to the adoption of the new revenue recognition standard in the first quarter of fiscal year 2019, all 2018 results have been restated to conform with the new standard.
Q4 2019 Financial Highlights |
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(In millions, except EPS) |
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| GAAP |
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| Q4 | Q3 | Q4 |
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| FY 2019 | FY 2019 | FY 2018 |
| Q-T-Q | Y-T-Y |
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Net Revenues* | $828 | $800 | $638 |
| 4% | 30% |
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Operating income | $250 | $258 | $163 |
| -3% | 53% |
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Net income | $245 | $239 | $145 |
| 2% | 68% |
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Diluted earnings per share | $0.95 | $0.93 | $0.56 |
| 2% | 70% |
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| Non-GAAP |
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| Q4 | Q3 | Q4 |
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| FY 2019 | FY 2019 | FY 2018 |
| Q-T-Q | Y-T-Y |
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| Net Revenues* | $828 | $800 | $638 |
| 4% | 30% |
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| Operating income | $259 | $263 | $197 |
| -2% | 31% |
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| Net income | $242 | $237 | $181 |
| 2% | 34% |
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| Diluted earnings per share | $0.94 | $0.92 | $0.70 |
| 2% | 34% |
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| * No adjustment between GAAP and Non-GAAP |
