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XILINX INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Jan 27, 2022. Its latest SEC filing is a SC 13G/A from Mar 11, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Designs and sells programmable chips, computing platforms and design software for electronics makers and electronics manufacturing service providers.

How Did They Make Money?

Xilinx mainly earns from programmable product sales to distributors and direct customers, with customers paying when products ship. Software licenses bring in money when the license starts; support services do so when the work is performed.

FY2021 revenue

Who Were Their Customers?

Original equipment makers and electronics manufacturing service providers buy products directly or through electronic-component distributors, which resell and fulfill most orders. Resellers and integrated-solution vendors are also part of the channel for Alveo products.

Customers above 10% of revenue, FY2021
of revenue from one customer
FY2019: 45% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 21 cents of every revenue dollar as net income in FY2021 and turned 33 cents into free cash flow.

Operating income, FY2021
24% of revenue
▼ −5% vs FY2020 ($791.9M, 25%)
Net income, FY2021
21% of revenue
▼ −18% vs FY2020 ($792.7M, 25%)
Free cash flow, FY2021
33% of revenue
▼ −2% vs FY2020 ($1.1B, 34%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Jan 1, 2022
Revenue
▲ +26%
vs $803.4M in Q3 FY2021
Net income
▲ +76%
vs $171M in Q3 FY2021
  • Feb 14, 2022 AMD completed its merger with Xilinx Xilinx became AMD's wholly owned subsidiary, and its shares were removed from Nasdaq.

Grew. Revenue grew 34% in 4 years, from $2.4B in FY2017 to $3.1B in FY2021, about 8% a year.

Who Did They Compete With?

Competes with Intel, Lattice Semiconductor, Microsemi, Broadcom, Marvell Technology Group, Analog Devices, Texas Instruments, and NVIDIA

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