Xilinx (Nasdaq: XLNX) reported earnings on Oct. 17. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 29 (Q2), Xilinx met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped.

Gross margins expanded, operating margins dropped, net margins were steady.

Revenue details
Xilinx chalked up revenue of $543.9 million. The 26 analysts polled by S&P Capital IQ predicted a top line of $548.0 million on the same basis. GAAP reported sales were 2.0% lower than the prior-year quarter's $555.2 million.

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

EPS details
EPS came in at $0.46. The 24 earnings estimates compiled by S&P Capital IQ anticipated $0.41 per share. GAAP EPS of $0.46 for Q2 were 2.1% lower than the prior-year quarter's $0.47 per share.

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

Margin details
For the quarter, gross margin was 65.5%, 160 basis points better than the prior-year quarter. Operating margin was 27.2%, 130 basis points worse than the prior-year quarter. Net margin was 22.7%, about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $554.7 million. On the bottom line, the average EPS estimate is $0.42.

Next year's average estimate for revenue is $2.26 billion. The average EPS estimate is $1.80.

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), 86 give Xilinx a green thumbs-up, and nine 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 $36.28.

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