Return to the Investor Relations Page
 homesearchagentssupportask xilinxmap

Fiscal 1997 - September Quarter

Investor Fact Sheet Fiscal 1997 - September Quarter
Traded: NASDAQ
Symbol: XLNX
Price $34.00
12-Month Price Range: $23.25 - $49.00
Shares Outstanding: 73.0 Million
Held by Institutions: 73%
Avg. Daily Trading Volume (Quarter): 2,022,908
Market Capitalization: $2.5 Billion
Book Value/Share: $5.53
Qtrly EPS: $0.31
Fiscal 1996 EPS: $1.28
Fiscal 1995 EPS: $0.80
Business: Programmable Logic Devices and Related Software.

| Stock History | Programmable Logic | Research Coverage | Valuation Ratios | Financial Highlights | Customers |Home |

COMPANY OVERVIEW

Xilinx, founded in 1984, is the world's largest supplier of programmable logic solutions. Headquartered in San Jose, California, the company pioneered the market for Field Programmable Gate Arrays (FPGAs) - standard logic components programmed by the customer using Xilinx design software. Xilinx FPGAs provide a revolutionary alternative to custom logic chips that require weeks or months of design time. By using Xilinx programmable logic chips, customers in the telecommunications, networking, computer peripherals, industrial control and instrumentation, and military markets can get their products to market faster and reduce their development costs.

As a "fabless" semiconductor company, Xilinx does not own or operate silicon wafer production facilities. Rather, the Company forms strategic alliances with chip manufacturers, either through close business relationships or equity positions in their foundries. This strategy allows Xilinx to focus on research and development, marketing, and technical support, while having access to the most advanced chip processing technologies currently available.

In order to serve a broad range of over 15,000 customers, Xilinx has established a worldwide marketing and distribution network with offices throughout North America, Europe and Asia. The Company's product lines consists of several families of programmable logic devices (PLDs) and related software. Xilinx's competitive advantages in the marketplace stem from its strong customer focus, dedication to research and development, and conservative financial management.

piecharts
*Source: Dataquest. Total sales, devices and SW.

52 week Xilinx stock history

Barchart
*The results for the three month period ended September 28, 1996 are before a $5.0 million write-off of the Company's XC8100 product family. Including the impact of the XC8100 write-off, operating income and net income were $29.5 million and $21.2 million, respectively.


PROGRAMMABLE LOGIC

In the digital world, there are two types of electronic chips: memory and logic. Memory chips are used to store information. Logic chips are used to manipulate, or interface with, the information contained in memory. Programmable Logic Devices (PLDs) are "off the shelf" logic chips that the customer, rather than the chip manufacturer, programs to perform a specific function. With the ability to program their own chips, customers realize two key benefits: product design flexibility and faster time to market. With today's shorter product life cycles, both of these factors can be critical determinants of a product's ultimate success. Electronic equipment manufacturers rely upon PLDs to make fast design changes, accommodate uncertain production volumes, and accelerate their product's introduction to the marketplace.

Currently, Xilinx PLDs are found in products ranging from robotics to network routers, and from cellular base stations to ultra sound equipment. With over 100 patents to its name and an unsurpassed dedication to research and development, Xilinx is the logic solution for today's technology leaders.

Total PLD Market Graphic
Source: Dataquest, October 1996

Research Coverage

AG Edwards
Bear Stearns & Co.
Chicago Corp.
CS First Boston
Cowen & Company
Dean Witter Reynolds, Inc.
Deutsche Morgan Grenfell
Donaldson Lufkin & Jenrette
Goldman Sachs
Hambrecht & Quist
J.P. Morgan Securities
Lehman Brothers
Merrill Lynch
Montgomery Securities
Needham & Company
Prudential Securities
Robertson, Stephens & Co.
Soundview Financial
Schroder Wertheim & Co.
UBS Securities

Xilinx - Valuation Ratios

Sep-96

Jun-96

Mar-96

Dec-95

Sep-95

Annualized ROE

22%

32%

37%

39%

41%

Annualized ROA

12%

17%

19%

19%

32%

Current Ratio

4.9

5.2

5.2

5.8

2.8

Quick Ratio

4.4

4.7

4.9

5.5

2.6

Equivalent Shares (M)*

79.4

78.9

79.6

79.1

79.6

Cash/Share ($)

5.34

5.05

4.75

4.88

1.40

Book Val/Shr ($)

5.53

5.21

4.62

4.16

3.65

* Adjusted for 3-for-1 split

Inventory days

101

76

60

47

42

Days sales outstanding

47

44

48

45

44

12-mo avg revenue per employee ($K)

476

511

520

524

515

Financial Highlights

For the years ended March 31

1996

1995

1994

1993

1992

Income Statements ($M)

Net revenues

$560.8

$355.1

$256.4

$178.0

$135.8

Cost of revenues

203.2

138.5

98.8

69.3

52.0

Research & development

64.6

45.3

34.3

24.3

17.7

Marketing, general & administrative

107.9

76.8

58.1

42.8

32.5

Non-recurring charges

19.4

2.5

--

--

3.5

Operating income

165.8

92.0

65.2

41.6

30.1

Interest income (net)

5.1

2.8

2.3

2.0

3.6

Income before provision for taxes

170.9

94.8

67.4

43.6

33.8

Provision for taxes

69.4

35.6

26.2

16.4

12.5

Net income

$101.5

$59.3

$41.3

$27.2

$21.3

Net income per share ($)

$1.28

$0.80

$0.57

$0.38

$0.30

Balance Sheet ($M)

Working capital

436.1

180.1

143.1

101.1

88.4

Total Assets

720.9

320.9

226.2

162.9

146.6

Long-term obligations

250.0

0.9

2.2

3.9

5.0

Stockholders' equity

368.2

244

172.9

123.3

108.7

Shares and per share amounts have been restated for all periods to reflect the 3-for1 stock split which was effected during the quarter ended September 30, 1995.

Selected Customers

Communications
Alcatel
Lucent Technologies
Bay Networks
Cabletron
Cisco
Ericsson
Motorola
Newbridge Networks
Nokia
Nortel
Siemens
3COM
Computer Systems
Apple Computer
Bull - France
DEC
EMC
Fuji Xerox
Hitachi
IBM
Sun Microsystems
Texas Instruments
Silicon Graphics
Industrial Instruments
Acuson
Hewlett-Packard
Eastman Kodak
NEC
Tektronix

Military & Aerospace
Boeing
Lockheed Martin

| Company Overview | Stock History | Programmable Logic | Research Coverage | Valuation Ratios | Financial Highlights | Home |


© 1998 Xilinx, Inc. All rights reserved
Trademarks and Patents