Xilinx, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 30, 2017; Provides Earnings Guidance for the Fiscal Fourth Quarter and Revenue Guidance for the Fiscal Full Year Ending March 2018
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.