Advanced Products: Alveo and related products, UltraScale+, UltraScale and 7-series products.
Core Products: Virtex-6, Spartan-6, Virtex‐5, CoolRunner‐II, Virtex-4, Virtex-II, Spartan-3, Spartan-2, XC9500 products, configuration solutions, software & support/services.
Key Statistics: (Dollars in Millions) |
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|
Q2 |
|
Q1 |
|
Q2 |
|
|
FY2021 |
|
FY2021 |
|
FY2020 |
|
Annual Return on Equity (%) (1) |
24 |
|
26 |
|
37 |
|
Operating Cash Flow |
$248 |
|
$245 |
|
$224 |
|
Depreciation Expense (including software amortization) |
$30 |
|
$32 |
|
$22 |
|
Capital Expenditures (including software) |
$15 |
|
$15 |
|
$34 |
|
Free Cash Flow (2) |
$232 |
|
$230 |
|
$190 |
|
Inventory Days (internal) |
114 |
|
114 |
|
104 |
|
Revenue Turns (%) |
38 |
|
31 |
|
37 |
|
| (1) | Return on Equity = Trailing twelve months GAAP Net Income / average Stockholders’ Equity |
|
| (2) | Free Cash Flow = Operating Cash Flow - Capital Expenditures (including software) |
Product and Financial Highlights - Fiscal Second Quarter 2021
- Advanced Products were 70% of total revenue, an 8% increase Q-T-Q and 13% decrease Y-T-Y. Zynq-based revenue grew 28% Q-T-Q and declined 20% Y-T-Y, and represented 22% of total revenue. Sequential strength was driven by improvement in the Automotive end market and 5G ramp in the Wireless end market.
- Subaru selected Xilinx to power the new version of its vision-based advanced driver-assistance system (ADAS), EyeSight, which will provide advanced features including adaptive cruise control, lane-keep assist, and pre-collision braking.
- Xilinx announced the T1 Telco Accelerator Card for O-RAN distributed units (O-DUs) and virtual baseband units (vBBUs) in 5G networks, which enables the O-DU to deliver greater 5G performance and services while reducing overall system power consumption and cost.
- Xilinx and Continental announced that Xilinx will power Continental’s new Advanced Radar Sensor (ARS) 540 with the Zynq® UltraScale+™ MPSoC platform, creating the automotive industry’s first production-ready 4D imaging radar.
- Xilinx announced a collaboration with Spline.AI and Amazon Web Services (AWS) that developed a X-ray classification deep-learning model and reference design kit that demonstrates high accuracy and low latency utilizing Vitis AI. This enables medical equipment makers and healthcare providers to rapidly deploy trained models for clinical and radiological inference applications, including for pneumonia and COVID-19 detection in mobile, portable and point-of-care devices.
Business Outlook - Fiscal Third Quarter 2021
The following guidance is based on current expectations and estimates and, as indicated, is presented on a GAAP and non-GAAP basis. This guidance is forward-looking and incorporates a 14-week quarter; actual results may differ materially as a result of, among other things, the important factors discussed and referred to at the end of this press release.
|
|
|
Non-GAAP |
|
|
|
|
GAAP |
|
Adjustments |
|
Non-GAAP |
|
| Revenues |
$750M - $800M |
|
— |
|
$750M - $800M |
|
| Gross Margin |
67.5% - 70.5% |
|
~1% (1) |
|
68.5% - 71.5% |
|
| Operating Expenses |
$338M - $352M |
|
~$(5M) (2) |
|
$333M - $347M |
|
| Other Expense |
$12M - $16M |
|
— |
|
$12M - $16M |
|
| Tax Rate |
5% - 8% |
|
~1% (3) |
|
6% - 9% |
| Notes regarding Non-GAAP Adjustments: |
||
| (1) |
Amortization of acquisition-related intangibles |
|
| (2) |
M&A related expenses and amortization of acquisition-related intangibles |
|
| (3) |
Income tax effect of non-GAAP adjustments |
|
