Xilinx (XLNX) Tops Q3 EPS by 3c

Xilinx (NASDAQ: XLNX) reported Q3 EPS of $0.52, $0.03 better than the analyst estimate of $0.49. Revenue for the quarter came in at $586 million versus the consensus estimate of $579.58 million.

GUIDANCE:

Xilinx sees Q4 2017 revenue of $590-620 million, versus the consensus of $606.42 million.

"Xilinx delivered growth for the fifth consecutive quarter. Sales from our 16nm Ultrascale+, 20nm Ultrascale, and 28nm Zynq products contributed to significant market expansion. The growth from these products was driven by a broad base of markets such as data center, automotive, test & measurement, wired and wireless communications and space," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "Our FY17 strategic increase in R&D investment continues to pay off with the recent expansion announcement of our 16nm portfolio integrating High Bandwidth Memory and Cache Coherent Interconnect technology into Ultrascale+ FPGAs. In addition, our 16nm execution continues unabated. We are currently shipping 12 unique products to nearly 300 customers and remain over a year ahead of the competition."

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

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