Xilinx Inc (XLNX) Tops Q2 EPS by 6c

Xilinx Inc (NASDAQ: XLNX) reported Q2 EPS of $0.62, $0.06 better than the analyst estimate of $0.56. Revenue for the quarter came in at $604.3 million versus the consensus estimate of $602.12 million.

"September quarter sales were in line with our guidance, but our profitability surpassed our expectations. Operating margin was 33% in the September quarter, up from 27% in the same quarter a year ago," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "For the December quarter, we are forecasting a strong recovery in 28nm sales driven by a broad base of applications. We continue to target approximately $600 million in 28nm sales for fiscal year 2015, up nearly 60% from the prior fiscal year."

Business Outlook – December Quarter Fiscal 2015

• Sales are expected to be flat to up 4% sequentially.
• Gross margin is expected to be approximately 69%.
• Operating expenses are expected to be approximately $230 million including $2.5 million of amortization of acquisition-related intangibles.
• Other income and expenses are expected to be a net expense of approximately $6 million.
• Fully diluted share count is expected to be approximately 272 million.
• December quarter tax rate is expected to be approximately 13%.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c