Xilinx Earnings, Revenue Beat in Q2

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Xilinx Earnings, Revenue Beat in Q2
Credit: © Reuters.

By Yasin Ebrahim

Investing.com - Xilinx (NASDAQ: XLNX ) reported on Wednesday second-quarter results that topped Wall Street estimates as revenue swelled to a record amid strong demand from industrial, auto, broadcast and consumer end markets.

Xilinx shares gained 1.11% in after-hours trade following the report.

Xilinx announced earnings per share of $1.06 on revenue of $935.8 million. Analysts polled by Investing.com anticipated EPS of 86 cents on revenue of $890.97 million.

Aerospace & defense, industrial and test, measurement & emulation revenue increased 20% sequentially, automotive, broadcast and consumer revenue in the quarter increased 19%, wired and wireless group revenue increased 9% sequentially, and data center group revenue was down 3% sequentially.

Amid the ongoing platform transformation, total adaptive system-on-chip revenue, which includes Zynq and Versal platforms, was up 9% sequentially.

"Our transformation to an adaptive platform company continues to accelerate," the company said.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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