Xilinx (XLNX) Posts Q3 EPS of $0.05, Revs Beat Slightly
Xilinx (NASDAQ: XLNX) reported Q3 EPS of $0.05, which includes items and does not compare to the analyst estimate of $0.63. Revenue for the quarter came in at $631 million versus the consensus estimate of $630 million. Due to the recent enactment of the Tax Cuts and Jobs Act, Xilinx incurred a tax expense of approximately $183 million in the December quarter.
"We delivered our ninth consecutive quarter of revenue growth with December quarter revenues establishing a new record for Xilinx and we achieved our operating margin target of 30% one quarter ahead of schedule," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "Revenues from Advanced Products continued to be strong, increasing 30% from the same quarter a year ago and comprising 56% of company sales, supported by accelerated growth in our industry-leading 20nm and 16nm technology nodes. In addition, our 16nm portfolio continued to gain market momentum as we have cumulatively shipped 43 unique products to 1,160 customers."
GUIDANCE:
Xilinx sees Q4 2018 revenue of $635-665 million, versus the consensus of $642.2 million.
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