Xilinx (XLNX) Tops Q3 EPS by 7c, Revenues Beat; Offers Q4 Revenue Guidance Above Consensus
Xilinx (NASDAQ: XLNX) reported Q3 EPS of $0.92, $0.07 better than the analyst estimate of $0.85. Revenue for the quarter came in at $800 million versus the consensus estimate of $770.49 million.
"I am very excited to report yet another record revenue and earnings quarter. During the third fiscal quarter, we delivered revenues of $800 million, representing 34% year over year growth. Based on the guidance we are providing for the fiscal fourth quarter, we expect to exceed $3 billion in annual revenues for the first time in our history. In addition to the robust revenue growth, we also demonstrated strong profitability by posting over 60% growth in non-GAAP operating income and over 40% growth in non-GAAP diluted earnings per share year over year. We continue to execute to our strategy and drive growth across our portfolio," said Victor Peng, President and Chief Executive Officer.
Xilinx sees Q4 2019 revenue of $815-835 million, versus the consensus of $775.4 million.
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