The 10-second takeaway
For the quarter ended March 31 (Q4), Xilinx beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Gross margins improved, operating margins dropped, and net margins contracted.
Xilinx reported revenue of $559.0 million. The 26 analysts polled by S&P Capital IQ expected revenue of $532.3 million on the same basis. GAAP reported sales were 4.9% lower than the prior-year quarter's $587.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.49. The 23 earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.49 for Q4 were 17% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 66.4%, 110 basis points better than the prior-year quarter. Operating margin was 29.1%, 280 basis points worse than the prior-year quarter. Net margin was 24.0%, 320 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $555.3 million. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $2.35 billion. The average EPS estimate is $1.99.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 326 members out of 370 rating the stock outperform, and 44 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Xilinx a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xilinx is outperform, with an average price target of $38.67.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.