Xilinx (XLNX) Tops Q1 EPS by 3c

Xilinx (NASDAQ: XLNX) reported Q1 EPS of $0.63, $0.03 better than the analyst estimate of $0.60. Revenue for the quarter came in at $615 million versus the consensus estimate of $615.76 million.

"Our focused investment in software, integration and technology leadership has driven a fundamental transformation, allowing Xilinx to expand from a supplier of FPGAs to an innovator of All Programmable devices and programming models," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "We continue to consistently execute across the board—in engineering, operations and sales while maintaining robust profitability and cash generation. Growth from Advanced Products continues to be solid, increasing 33% from the same quarter a year ago. Sales from the 28nm, 20nm and 16nm technology nodes increased during the quarter driven by multi-market strength."

GUIDANCE:

Xilinx sees Q2 2018 revenue of $605-635 million, versus the consensus of $616.1 million.

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

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