Xilinx Beats on Both Top and Bottom Lines

Seth Jayson, The Motley Fool
Updated

Xilinx (NAS: XLNX) reported earnings on Wednesday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q1), Xilinx beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted significantly.


Gross margins increased, operating margins contracted, and net margins contracted.

Revenue details
Xilinx tallied revenue of $582.8 million. The 23 analysts polled by S&P Capital IQ expected revenue of $573.9 million on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $615.5 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.47. The 21 earnings estimates compiled by S&P Capital IQ averaged $0.45 per share. GAAP EPS of $0.47 for Q1 were 16% lower than the prior-year quarter's $0.56 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 66.0%, 230 basis points better than the prior-year quarter. Operating margin was 28.2%, 240 basis points worse than the prior-year quarter. Net margin was 22.3%, 280 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $548.3 million. On the bottom line, the average EPS estimate is $0.41.

Next year's average estimate for revenue is $2.28 billion. The average EPS estimate is $1.84.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 325 members rating the stock outperform and 41 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Xilinx a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xilinx is hold, with an average price target of $38.62.

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The article Xilinx Beats on Both Top and Bottom Lines originally appeared on Fool.com.

Seth Jaysonhad no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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