“Xilinx delivered another record quarter as the demand for our products remains robust, despite an unprecedented and challenging supply constrained environment,” said Victor Peng, Xilinx president and CEO. “Our stellar results were driven by strength across our diversified end markets. We continue to actively manage the supply situation with our partners, including qualifying a new supplier in a key part of our supply chain, to meet strong customer demand. In addition, we continue to execute extremely well on our roadmap as we have broadened the Versal portfolio with the Versal Edge and Versal HBM series announcements. We are working every day to improve supply for our customers.”

“Record Q1 revenues were driven by strength in the Data Center end market, as well as a record quarters for our Industrial, Broadcast and Consumer end markets. This drove 3% sequential and 21% year-over-year growth,” said Brice Hill, Xilinx CFO. “Advanced Products grew 2% sequentially and 27% annually, and represented 72% of total revenue. Top line performance drove record free cash flows of $373 million, or 42% of revenue.

“While days of inventory are near historical lows due to the supply chain constraints, we expect inventory to remain relatively stable at current levels as some expected supply increases will be offset by continued strong customer demand. COVID surges in Southeast Asia during Q1 resulted in higher quarter-end shipments to distributors resulting in transitory higher channel inventory. Channel inventory levels decreased by the early part of fiscal Q2 as products shipped through to end customers, and remain lean. We are very proud of the effort and agility of our employees and partners in support of our customers.”

Net Revenues by Geography:
		Percentages								Growth Rates
		Q1		Q4		Q1
		FY2022		FY2021		FY2021				Q-T-Q		Y-T-Y
North America		23%		27%		26%				-14%		7%
Asia Pacific		52%		49%		54%				11%		17%
Europe		15%		16%		13%				0%		44%
Japan		10%		8%		7%				22%		55%
Net Revenues by End Market:
		Percentages								Growth Rates
		Q1		Q4		Q1
		FY2022		FY2021		FY2021				Q-T-Q		Y-T-Y
A&D, Industrial and TME		36%		41%		45%				-10%		-2%
Automotive, Broadcast and Consumer		20%		18%		12%				13%		94%
Wired and Wireless Group		30%		31%		32%				0%		13%
Data Center Group		10%		9%		12%				14%		-1%
Channel		4%		1%		-1%				NM		NM
Net Revenues by Product:
		Percentages								Growth Rates
		Q1		Q4		Q1
		FY2022		FY2021		FY2021				Q-T-Q		Y-T-Y
Advanced Products		72%		73%		68%				2%		27%
Core Products		28%		27%		32%				7%		8%

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