This post was originally published on this site
Investing.com – Xilinx (NASDAQ:XLNX) reported on Wednesday second-quarter results that topped Wall Street estimates as revenue swelled to a record amid strong demand from industrial, auto, broadcast and consumer end markets.
Xilinx shares gained 1.11% in after-hours trade following the report.
Xilinx announced earnings per share of $1.06 on revenue of $935.8 million. Analysts polled by Investing.com anticipated EPS of 86 cents on revenue of $890.97 million.
Aerospace & defense, industrial and test, measurement & emulation revenue increased 20% sequentially, automotive, broadcast and consumer revenue in the quarter increased 19%, wired and wireless group revenue increased 9% sequentially, and data center group revenue was down 3% sequentially.
Amid the ongoing platform transformation, total adaptive system-on-chip revenue, which includes Zynq and Versal platforms, was up 9% sequentially.
“Our transformation to an adaptive platform company continues to accelerate,” the company said.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
