For the quarter ended Sept. 26 the San Jose, Calif., chipmaker earned 79 cents a share compared with 89 cents a share in the year-earlier quarter. The latest adjusted earnings were 82 cents a share.
Revenue fell to $766.5 million from $833.4 million.
A survey of analysts by FactSet produced consensus estimates of net income of 72 cents a share, or an adjusted 77 cents, on revenue of $756.7 million.
At last check, Xilinx shares were trading up 2.4% at $114. They closed the regular trading session on Wednesday down 3% at $111.30. In 2020 through the close of the regular session, the stock was up 14%.
The results reflected a “record quarter in our data-center group and aerospace-and-defense businesses, as well as improvement in our automotive and broadcast end markets,” President and Chief Executive Victor Peng said in a statement.
“In addition, [radio frequency system-on-chip] sales ramped meaningfully with a tier-1 wireless original equipment manufacturing customer for 5G radio deployment in North America.”
For the fiscal third quarter Xilinx estimates revenue at $750 million to $800 million, bracketing the FactSet consensus estimate of $774.2 million.
The company sees a fiscal-Q3 GAAP gross margin of 67.5% to 70.5%.
The coronavirus pandemic has sharply boosted demand for personal computers, gaming consoles and other devices that use Xilinx chips, the Journal reported.
And such a deal would be the latest acquisition in the semiconductor industry, which the Journal said is rapidly consolidating.
A week ago Citigroup analyst Christopher Danely said in a report that he doubted that such a deal would go through, Barron's reported. He said Xilinx management opposes an acquisition.