Oct 21 (Reuters) - Xilinx Inc forecast
current-quarter revenue largely above Wall Street estimates on
Wednesday, bolstered by rising sales of its chips to data
The company said it expects third-quarter revenue of $750
million to $800 million, compared to analysts' average estimate
of $772.3 million, according to IBES data from Refinitiv.
Earlier this month, the Wall Street Journal reported that
rival Advanced Micro Devices Inc is in talks to buy
Xilinx in a deal that could be valued at more than $30 billion.
San Jose, California-based Xilinx makes programmable chips
used in data centers to speed up tasks like artificial
intelligence work and in 5G telecommunications base stations.
"Xilinx business continued to strengthen in fiscal Q2,
buoyed by the economic recovery and increasing demand across our
broad set of end markets," Chief Financial Officer Brice Hill
said in a statement.
The company's net revenue fell to $767 million from $833
million in the second quarter, still topping estimates of $755.1
million. The revenue beat was powered by strength in the data
center unit, where sales jumped 30% from last year.
Net income fell to $194 million, or 79 cents per share, in
the quarter, from $227 million, or 89 cents per share, a year
(Reporting by Munsif Vengattil and Stephen Nellis; Editing by