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Xilinx profit misses consensus by 26.8% in fiscal Q2

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Xilinx profit misses consensus by 26.8% in fiscal Q2

Xilinx, Inc. said its normalized net income for the fiscal second quarter ended Sept. 26 was 34 cents per share, compared with the S&P Capital IQ consensus estimate of 46 cents per share.

EPS decreased 23.2% year over year from 44 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $90.0 million, a decline of 25.9% from $121.4 million in the prior-year period.

The normalized profit margin declined to 17.1% from 20.1% in the year-earlier period.

Total revenue fell 12.7% year over year to $527.6 million from $604.3 million, and total operating expenses decreased 7.4% from the prior-year period to $374.4 million from $404.2 million.

Reported net income fell 25.3% year over year to $127.7 million, or 48 cents per share, from $171.0 million, or 62 cents per share.