Xilinx, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended December 30, 2017. For the quarter, the company reported net revenues of $631,193,000 against $585,688,000 a year ago. Operating income was $189,700,000 against $162,972,000 a year ago. Income before income taxes was $195,169,000 against $162,580,000 a year ago. Net income was $11,945,000 against $141,846,000 a year ago. Diluted net income per common share was $0.05 against $0.52 a year ago. Annual return on equity was 19% against 25% a year ago. Capital expenditures were $7,000 against $20,000 a year ago. Operating cash flow was $185,000 against $106,000 a year ago. Net cash provided by operating activities was $184,686,000 against $105,584,000 a year ago. Purchases of property, plant and equipment was $6,791,000 against $19,875,000 a year ago. Revenue growth in the quarter was driven by the company's Advanced Products, which grew 10% sequentially and 30% year-over-year to a new record.

For the nine months, the company reported net revenues of $1,866,142,000 against $1,739,877,000 a year ago. Operating income was $555,289,000 against $525,990,000 a year ago. Income before income taxes was $564,427,000 against $519,860,000 a year ago. Net income was $346,722,000 against $469,087,000 a year ago. Diluted net income per common share was $1.34 against $1.74 a year ago. Net cash provided by operating activities was $577,734,000 against $627,813,000 a year ago. Purchases of property, plant and equipment was $28,940,000 against $51,825,000 a year ago.

For the fourth quarter ending March 2018, the company's sales are expected to be approximately $635 million- $665 million. Gross margin is expected to be 69% to 71%. March quarter tax rate is expected to be approximately 0% - 5% as impacted by the Tax Reform Act.

The company's overall revenue performance through the 3 quarters of the year and the fourth quarter guidance gives the company confidence that the company will exceed the company's $2.5 billion plan for fiscal 2018.