Welcome to our dedicated page for XLNX news (Ticker: XLNX), a resource for investors and traders seeking the latest updates and insights on XLNX stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect XLNX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of XLNX's position in the market.
Xilinx achieved record revenue of $1,011 million in Q3 fiscal 2022, reflecting an 8% sequential growth and 26% year-over-year growth. The Data Center Group (DCG) reported a remarkable 28% sequential and 81% year-over-year revenue increase, driven by Compute and Networking. Aerospace & Defense saw a 21% sequential growth. However, Automotive, Broadcast and Consumer revenue declined 4% sequentially. The company reported GAAP net income of $300 million, or $1.19 per diluted share, and declared a cash dividend of $0.37 per share.
Xilinx (NASDAQ: XLNX) unveiled the Alveo U55C accelerator card and a new HPC clustering solution at the SC21 supercomputing conference. Designed for high performance computing (HPC) and big data, the U55C offers superior performance-per-watt, increased compute density, and doubles its predecessor's HBM2 to 16GB. The clustering solution enables easy scaling across existing infrastructure, with high parallelism and optimized data movement. The Alveo U55C delivers significant performance gains for various applications, including AI and graph analytics. General availability is expected in Q2 of the next year.
Xilinx reported record revenue of $936 million for Q2 fiscal 2022, marking a 7% sequential and 22% annual growth. GAAP net income was $235 million or $0.94 per diluted share. Strong performances were noted in the Aerospace & Defense, Industrial, Automotive, Broadcast, and Consumer markets. However, the Data Center Group's revenue declined 3% quarter-over-quarter. A cash dividend of $0.37 per share has been declared, contingent on the AMD merger not closing by the record date. Free cash flow was $107 million, representing 11% of revenue.
Xilinx (NASDAQ: XLNX) has announced the launch of the industry’s first production-ready multimedia streaming endpoint solutions tailored for broadcast and professional AV applications. Powered by Zynq UltraScale+ and Zynq-7000 SoCs, these solutions expedite the time-to-market for customers. The offerings include complete hardware/software IP cores for flexible AV-over-IP integration, real-time video processing, and support for multiple video codecs. This innovation positions Xilinx strongly in the competitive multimedia streaming market.
Xilinx (NASDAQ: XLNX) announced its FPGA and adaptive SoC devices are powering Sony’s professional A/V products, notably the new XVS-G1 4K Live Production Switcher. This device can process up to 24 4K UHD channels, enhancing visual processing with low latencies. Xilinx’s technology enables superior real-time video and audio capabilities, crucial for live events. Xilinx has been a leader in semiconductors for over two decades, providing flexible solutions that meet market demands.
Xilinx (NASDAQ: XLNX) and NEC Corporation have announced a partnership to integrate Xilinx's 7nm Versal AI Core series into NEC's next-generation 5G radio units (RUs), set for global deployment in 2022. This collaboration is expected to enhance performance through advanced signal processing and massive MIMO beamforming capabilities. The integration will support a range of 5G frequencies and O-RAN interfaces, promoting interoperability within diverse vendor ecosystems. The new RUs aim to improve wireless user experience as market use cases evolve.
Xilinx (NASDAQ: XLNX) is hosting its virtual technology conference, Xilinx Adapt 2021, from September 7-16. The event features new product announcements including space-grade and defense-grade versions of its Versal ACAP devices, aimed at aerospace and defense applications. Additionally, Xilinx is showcasing innovations such as enhanced Alveo accelerator cards and a Video Transcoding SDK. The event includes over 100 presentations targeting various sectors, including automotive, data center, industrial, and healthcare, underscoring Xilinx's leadership in adaptive computing.
Xilinx (NASDAQ: XLNX) announced innovative solutions at Xilinx Adapt 2021, targeting software and hardware developers. Key highlights include the launch of the Vitis Video Analytics SDK, which supports intelligent video applications, and an expanded video and imaging IP portfolio for UltraScale+ and Versal devices. The Adaptive Computing Challenge 2021 was also introduced, offering $70,000 in prizes. The conference runs from September 7-16, featuring over 100 presentations aimed at advancing adaptive computing across various industries.
Xilinx (NASDAQ: XLNX) and Motovis have announced a collaboration to enhance forward camera systems used in advanced driver-assistance technologies. This strategic partnership targets the $2.4B forward camera market, aiming to boost innovation and accelerate time-to-market for automotive OEMs. The solution employs Xilinx's Zynq SoC platform along with Motovis' convolutional neural network (CNN) IP, meeting European NCAP 2022 requirements. With expected 20% year-on-year growth in the forward camera sector from 2020 to 2025, this initiative is poised to address government mandates and enhance safety features in vehicles.
Xilinx, Inc. (Nasdaq: XLNX) reported record revenues of $879 million for Q1 fiscal 2022, marking a 3% increase from the previous quarter and 21% from last year. GAAP net income stood at $206 million or $0.83 per diluted share, while non-GAAP net income reached $236 million or $0.95 per diluted share. Strong demand across diversified markets, particularly in Data Center, drove these results. The company achieved a free cash flow of $373 million, representing 42% of revenue. Xilinx continues to navigate supply chain challenges and has expanded its product portfolio with new AI and HBM series offerings.
