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Tag: XLNX Stock

  • Xilinx, Inc. (XLNX) stock is increasing in aftermarket – What’s happening?

    Xilinx, Inc. (XLNX) experienced an increase of 9.97% in the aftermarket. However, the last trading session closed at $198.32 with an increase of 2.46%.

    Third Quarter 2021 Results by XLNX – How was the quarter?

    XLNX announced third quarter 2021 results on 26th January 2022. The company experienced net revenue of $1,011 million with a GAAP net income of $300 million. Not only this but non-GAAP net income came out to be $325 million. For the first time in the company’s history, Xilinx reached another record quarter, surpassing $1 billion in quarterly sales.

    While XLNX was unable to meet all of the customers’ requests, the results illustrate the team’s unwavering focus and execution in providing the best possible service. Furthermore, with record quarters in both the DCG and A&D end markets, the company experienced wide and solid demand throughout the end markets. A&D’s record performance, along with good ISM and TME results, resulted in a total AIT record and higher overall profitability. Lastly, XLNX’s strength proves that the approach has been implemented successfully.

    What’s Next?

    The sequential increase in A&D, DCG, and TME drove record Q3 sales, resulting in overall sequentially revenue growth of 8% and year-over-year growth of 26%, the fifth quarter in a row of double-digit year-over-year growth. Furthermore, this quarter’s results were driven by record revenues and a favorable business mix, as well as beneficial effects from significant venture investments. Last but not the least, adaptive SoC revenue increased by 5% sequentially and by 30% year over year, accounting for 28% of total revenue.

    Launch of Alveo U55C – What is it?

    XLNX announced the launch of Alveo U55C on 15th November 2021. The new Alveo U55C card is the firm’s most capable Alveo accelerator card ever. It has maximum computing density and HBM storage in the Alveo accelerator range. It works specifically for HPC and big data workloads. Moreover, customers with large-scale compute loads can now build sophisticated FPGA-based HPC grouping using their current data center infrastructure and networking with the new Xilinx RoCE v2-based clustering solution from Xilinx.

  • Xilinx, Inc. (XLNX) Stock Gaining Momentum in Premarket. Here’s why.

    Xilinx, Inc. (XLNX) is a leading developer of computational portfolios enabling the novelty across the cloud, edge and the endpoint. The programs developed by the company are flexible and adaptive in nature. The lead products of the company include FPGA, ACAP and Adaptive SoCs.

    The price of XLNX stock during the regular trading on January 26, 2022 was $175.3 with a slight increase of 1.28%. At last check in the premarket on January 27, 2022, the stock further inclined by 3.77%.

    XLNX: Key Financials

    On January 26, 2022, XLNX reported its financial results for the third fiscal quarter ended January 1, 2022. Some of the key updates are as follows.

    Revenue

    Total net revenue in Q3 2022 was $1011 million compared to $803 million in the same period of 2021. Overall, the company recorded 26% growth in the revenue over the year period.

    Net Income per Share

    Basic and diluted net income per share in Q3 2022 was $300 million or $1.19 compared to $171 million or $0.69 in the same period in 2021.

    XLNX: CEO Comments

    Speaking at the occasion, XLNX CEO Victor Peng stated that the company accomplished another milestone of $1 billion sales in the quarter for the first time. He further added that the company’s supply conditions were limited but it catered its customer’s needs very well.

    XLNX: Events and Happenings

    On November 15, 2021, XLNX reported that the company’s Executives presented at the SC21 supercomputing conference. The management reported about its innovative data center accelerator card known as Alveo U55C. The company also introduced a novel clustering solution for the large-scale deployment of FPGAs.

    On October 25, 2021, XLNX updated about providing production-ready streaming endpoint solution via its system integrator portfolio. The systems used for the process include Zynq-7000 SoC tools and Zynq® UltraScale+™ EV Multi-Processor SoC.

    Conclusion

    XLNX is outperforming from the last six months despite the challenges faced due to the pandemic. The company’s stock surged by 33% from the past six months and is on inclining verge in the recent premarket. The current rise in stock price is likely the outcome of positive financial results for third fiscal 2021. The analysts are pinpointing the company to be one of the next generation leaders.