Xilinx Reports Fiscal Fourth Quarter and Fiscal Year 2021 Results

“We are pleased with our fourth quarter results as we delivered record revenues and double-digit year-over-year growth in the midst of a challenging supply chain environment,” said Victor Peng, Xilinx president and CEO. “Xilinx saw further improvement in demand across a majority of our diversified end markets with key strength in our Wireless, Data Center and Automotive markets, the pillars of our growth strategy. Our teams have executed well and we remain focused on continuing to meet customers’ critical needs.

“Our investment and strong execution toward our platform strategy are paying off as we are now in full production shipments of our 7nm Versal series, which is the culmination of a multi-year effort and a long-term growth driver for Xilinx. We also introduced new platforms for edge compute including Kria, an adaptive system-on-module (SOM) platform, as well as a cost-optimized UltraScale+ portfolio, to enable and accelerate innovation and AI at the edge.”

“Record Q4 revenues were driven by strength in Wireless and Data Center markets, as well as record quarters for our Industrial and Automotive end markets, which resulted in 6% sequential and 13% year-over-year growth,” said Brice Hill, Xilinx CFO. “Advanced Products also grew 6% sequentially and represented 73% of total revenue. Top line performance drove fourth quarter free cash flows of $227 million, or 27% of revenue, reflecting our efficient financial model.”

Net Revenues by Geography:

 

 

 

 

 

 

 

Percentages

 

Growth Rates

 

Q4

Q3

Q4

 

 

 

 

FY2021

FY2021

FY2020

 

Q-T-Q

Y-T-Y

North America

27%

30%

37%

 

-1%

-16%

Asia Pacific

49%

44%

37%

 

16%

49%

Europe

16%

19%

18%

 

-12%

-3%

Japan

8%

7%

8%

 

18%

13%

 

 

 

 

 

 

 

Net Revenues by End Market:

 

 

 

 

 

 

 

Percentages

 

Growth Rates

 

Q4

Q3

Q4

 

 

 

 

FY2021

FY2021

FY2020

 

Q-T-Q

Y-T-Y

A&D, Industrial and TME

41%

45%

50%

 

-2%

-6%

Automotive, Broadcast and Consumer

18%

19%

16%

 

-1%

30%

Wired and Wireless Group

31%

29%

24%

 

13%

43%

Data Center Group

9%

7%

10%

 

28%

-5%

Channel

1%

0%

0%

 

NM

NM

 

 

 

 

 

 

 

Net Revenues by Product:

 

 

 

 

 

 

 

Percentages

 

Growth Rates

 

Q4

Q3

Q4

 

 

 

 

FY2021

FY2021

FY2020

 

Q-T-Q

Y-T-Y

Advanced Products

73%

72%

70%

 

6%

16%

Core Products

27%

28%

30%

 

6%

3%


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