The 10-second takeaway
For the quarter ended June 29 (Q1), Xilinx beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. GAAP earnings per share grew significantly.
Margins grew across the board.
Xilinx chalked up revenue of $579.0 million. The 24 analysts polled by S&P Capital IQ anticipated revenue of $549.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.56. The 21 earnings estimates compiled by S&P Capital IQ predicted $0.48 per share. GAAP EPS of $0.56 for Q1 were 19% higher 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.
For the quarter, gross margin was 69.0%, 300 basis points better than the prior-year quarter. Operating margin was 33.3%, 510 basis points better than the prior-year quarter. Net margin was 27.1%, 480 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $562.6 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $2.30 billion. The average EPS estimate is $2.03.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 331 members out of 374 rating the stock outperform, and 43 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 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 $39.72.
Is Xilinx the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Xilinx to My Watchlist.
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. The Motley Fool has no position in any of the stocks mentioned. 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.