XLNX - Xilinx earnings top expectations amid chip supply issues

sefa ozel/E+ via Getty Images Xilinx (XLNX) on Wednesday reported fiscal first-quarter results that improved from a year ago even while dealing with a shortage of chip inventory across the semiconductor market. Following the close of trading, Xilinx said it earned 95 cents share, on $879 million in revenue, for the quarter ending July 3. The results topped the forecasts of Wall Street analysts, who expected Xilinx to report a profit of 83 cents a share, on $855.2 million in sales. During the same period a year ago, Xilinx earned 65 cents a share, on $727 million in revenue. The chipmaker said its results were led by growth in areas such as data centers, where revenue rose 14% from a year ago, and wireless, which saw a 13% sales increase over last year's first quarter. Xilinx Chief Executive Victor Peng said in a statement that with regards to the current

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Xilinx earnings top expectations amid chip supply issues