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.
