Xilinx (Nasdaq: XLNX) is expected to report Q2 earnings on Oct. 17. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Xilinx's revenues will contract -1.3% and EPS will compress -12.8%.

The average estimate for revenue is $548.0 million. On the bottom line, the average EPS estimate is $0.41.

Revenue details
Last quarter, Xilinx chalked up revenue of $582.8 million. GAAP reported sales were 5.3% lower than the prior-year quarter's $615.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.47. GAAP EPS of $0.47 for Q1 were 16% lower than the prior-year quarter's $0.56 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 66.0%, 230 basis points better than the prior-year quarter. Operating margin was 28.2%, 240 basis points worse than the prior-year quarter. Net margin was 22.3%, 280 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.28 billion. The average EPS estimate is $1.82.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 326 members out of 367 rating the stock outperform, and 41 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Xilinx a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xilinx is hold, with an average price target of $38.62.

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