Xilinx Reports Fiscal Second Quarter 2020 Results

"I am pleased to report that we were able to exceed the midpoint of our revenue guidance for the fiscal second quarter amidst a challenging business environment driven by global trade disputes.  Overall, the first half of our current fiscal year remained strong despite the impact of continued business restrictions related to Huawei which was offset by higher than expected 5G product demand from other global communications OEMs and stronger than expected growth in our data center business," said Victor Peng, president and chief executive officer.  "However, we are seeing a combination of headwinds in the second half related to continuing business restrictions, weaker demand for communications products and macro-related weakness offsetting strong overall growth in data center and improvement across our core vertical markets. For fiscal 2020, we believe that third quarter will be our low point and we expect to see a return to sequential revenue growth in our fourth quarter.  Despite the weaker third quarter, we expect fiscal year 2020 revenues to grow approximately six percent compared to fiscal year 2019, which represents the midpoint of our guidance."

Net Revenues by Geography:









Percentages


Growth Rates



Q2

Q1

Q2





FY 2020

FY 2020

FY 2019

Q-T-Q

Y-T-Y


North America

28%

23%

28%


18%

12%


Asia Pacific

51%

51%

44%


-2%

29%


Europe

15%

18%

20%


-19%

-19%


Japan

6%

8%

8%


-20%

-8%


















Net Revenues by End Market:









Percentages


Growth Rates



Q2

Q1

Q2




FY 2020

FY 2020

FY 2019

Q-T-Q

Y-T-Y


A&D, Industrial and TME

36%

39%

38%


-9%

7%


Automotive, Broadcast and Consumer

16%

15%

16%


6%

9%


Wired and Wireless Group

38%

41%

35%


-8%

24%


Data Center Group

10%

5%

9%


92%

24%


Channel

0%

0%

2%


NM

NM


















Net Revenues by Product:









Percentages


Growth Rates



Q2

Q1

Q2




FY 2020

FY 2020

FY 2019

Q-T-Q

Y-T-Y


Advanced Products

74%

69%

64%


5%

29%


Core Products

26%

31%

36%


-18%

-19%



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