Categories AlphaGraphs, Earnings, LATEST, Technology

Xilinx (XLNX) Earnings: Q1 profit, revenue beat estimates

Tech firm Xilinx, Inc. (NASDAQ: XLNX) Wednesday reported a 21% increase in first-quarter 2022 revenues. As a result, earnings grew sharply year-over-year, beating experts’ estimates.

Xilinx Q1 2022 earnings infographic

First-quarter net income, excluding special items, climbed to $0.95 per share from $0.65 per share in the comparable period of 2021. The latest number was also above the consensus forecast. Net income rose to $206 million or $0.83 per share from $94 million or $0.38 per share last year.


Read management/analysts’ comments on Xilinx’s Q1 report


The positive outcome was the result of a 21% growth in first-quarter revenues to $879 million. Market watchers had predicted a lower top-line number.

Shares of Xilinx gained modestly during Wednesday’s extended trading following the announcement, after closing the regular session higher.

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

A look at Weber’s (WEBR) first quarterly report as a public company

Shares of outdoor grill maker Weber Inc. (NYSE: WEBR) were up 9% on Wednesday after the company released its first quarterly earnings report since going public last month. The stock

Is Crocs (NASDAQ: CROX) stock still a buy after the massive rally?

While throwing markets into disarray, the widespread shutdown also had a positive effect on industries like retail and technology, but there are surprise winners like Crocs, Inc. (NASDAQ: CROX) that

Leaf Mobile CEO Darcy Taylor: Aiming to double game portfolio by year-end

Credit: agrobacter on iStock How do you see the future of mobile gaming revenues – is it going to be primarily from advertisements, or will it be more skewed towards

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top