UPDATE: Xilinx (XLNX) Tops Q1 EPS by 1c, Revenues Beat; Boosts FY19 Revenue Outlook by 15%

Xilinx (NASDAQ: XLNX) reported Q1 EPS of $0.74, $0.01 better than the analyst estimate of $0.73. Revenue for the quarter came in at $684 million versus the consensus estimate of $673.97 million.

"It's great to see our efforts to accelerate growth in our core markets pay off with a record revenue and earnings quarter. During the first quarter, we posted revenues of $684 million representing 14% year over year growth. Given the strength we see across our end markets, we are raising our revenue guidance for the full year to approximately 15% growth, compared to the prior year," said Victor Peng, President and Chief Executive Officer. "We made excellent progress executing to our Data Center strategy with significant design wins with hyperscalers, training an additional 500 AWS F1 developers and completing multiple investments in our ecosystem. We also acquired DeePhi Tech, an Artificial Intelligence (AI) company with innovative Deep Neural Network (DNN) technology for the cloud and the edge.

"We are raising our revenue guidance for the full year based on strong performance across our business. Our strategy is delivering significant results and we expect momentum to continue through the fiscal year," said Lorenzo Flores, Executive Vice President and Chief Financial Officer.

The following stateme

GUIDANCE:

Xilinx sees FY2019 revenue of $2.8-2.9 billion, versus the consensus of $2.75 billion.

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

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