What is XLNX?
Videos to Watch:
XDF 2018 Keynote: Platforms for the Adaptable, Intelligent World by Victor Peng, President and CEO
Company Profile
2100 Logic Drive
San Jose, CA 95124
United States
408–559–7778
http://www.xilinx.com
Sector: Technology
Industry: Semiconductors
Full Time Employees: 4,014
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores. The company also offers development boards; development kits, including hardware, design tools, IP, and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure field programmable gate arrays. In addition, it provides design, customer training, field engineering, and technical support services. The company offers its products to electronic equipment manufacturers in sub-segments, such as wireline and data center, wireless, aerospace and defense, test and measurement, industrial, scientific and medical, automotive, audio, video and broadcast, and consumer. Xilinx, Inc. sells its products through a network of independent distributors; and through direct sales to original equipment manufacturers and electronic manufacturing service providers, as well as independent sales representatives. The company has a strategic collaboration with ZF Friedrichshafen AG; and technology collaboration with Shenzhen Youjia Innovation Technology Co., Ltd. Xilinx, Inc. was founded in 1984 and is headquartered in San Jose, California.
9M Earnings Highlights.
The key points on the balance sheet and cash flow. Gross cash was up to $3.5 billion with $1.7 billion in net debt. Note that in fiscal Q4, we have $500 million of debt instrument coming due. Accounts receivable declined to $359 million and is at 41 days. Inventory increased $40 million to $283 million, as we built inventory to support future demand, particularly in Wireless Communication.
In sum, we generated $314 million in operating cash flow. This quarter, we returned $92 million to shareholders, almost entirely by dividend. We repurchased $1 million worth of shares this quarter, bringing our total for the year to $162 million, 2.4 million shares at an average price of $66.30. We continue to apply our capital allocation strategy as discussed at our Analyst Day.
Now on to guidance for the final quarter of fiscal year 2019. We expect continued revenue growth with sales to be between $815 million and $835 million. With regards to primary end markets, we are forecasting growth in Communications and Data Center and TME, particular strength will be in Wireless and TME. After a very strong December quarter, we are expecting Industrial and A&D to decline. We are also expecting a decline across Automotive, Broadcast and Consumer.
9M19 Earnings Transcript of XLNX
Read entire transcript here:
