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.
