Xilinx beats by $0.06, beats on revs; guides Q4 above consensus (89.55 -0.90)
- Reports Q3 (Dec) earnings of $0.92 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.86; revenues rose 33.6% year/year to $800 mln vs the $770.65 mln S&P Capital IQ Consensus. Data Center and Test, Measurement & Emulation (TME) revenues grew 14% year over year driven primarily by the Data Center business (ex-Cryptocurrency) and TME business, which both experienced double digit growth during the quarter. Communications revenues increased 41% year over year, driven by strength in the Wireless Communications business.
- Co issues upside guidance for Q4, sees EPS of ~$0.92-0.99 (based on margin/expense/tax guidance assuming flat share count Q/Q), excluding non-recurring items, vs. $0.83 S&P Capital IQ Consensus; sees Q4 revs of $815-835 mln vs. $776.20 mln S&P Capital IQ Consensus