Xilinx Inc. (NASDAQ:XLNX) Q2 2021 Earnings Conference Call - Final Transcript

Oct 21, 2020 • 05:00 pm ET

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Xilinx Inc. (NASDAQ:XLNX) Q2 2021 Earnings Conference Call - Final Transcript

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Presentation
Executive
Brice Hill

broadcast end market is also expected to strengthen as live sports and other live events like the U.S. election coverage increase. DCG sales are expected to decline from a record quarter in Q2. As mentioned previously, the DCG business saw some order acceleration during Q2 related to trade restrictions. WWG is expected to be up modestly with a strong increase in wireless as 5G ramps continue across multiple OEMs and multiple regions offset by a decline in wired due to trade restrictions, COVID related slowdown, and seasonality. Please note, Huawei has been removed completely from our outlook across the business.

Fiscal Q3 non-GAAP gross margin is expected to be between 68.5% and 71.5%. Non-GAAP operating expense is expected to be between $333 million and $347 million. Non-GAAP other expense is expected to be between $12 million and $16 million. Non-GAAP tax rate is expected to be between 6% and 9%. In closing, we are pleased with our performance in the first half of fiscal 2021 reflecting the strength of our business across diverse end markets and continued transformation to a platform company. Our adaptive SoCs including Zynq, MPSoC, RFSoC, and our upcoming Versal line are both broadening and deepening the market and customers set for Xilinx allowing us to compete more effectively in areas traditionally served by ASSPs and ASICs. We remain as confident as ever in the opportunities ahead of us and furthering our technical and market leadership. Thank you and let me now turn the call to the operator for Q&A.