Earnings results
Full-year (in million)
Net revenues increased 3.4% to $3162 million, operating income decreased 17.2% to $792 million, net income decreased 10.9% to $792 million , compared with 2019.
| Annual | Net revenues | Operating income | Net income | Margin | |||
| 2019.03 | 3,059 | 24.0% | 957 | 8.9% | 889 | 91.6% | 31.3% |
| 2020.03 | 3,162 | 3.4% | 792 | -17.2% | 792 | -10.9% | 25.0% |
Quarterly (in million)
Net revenues decreased 8.7% to $756 million in the fourth quarter, operating income decreased 28.8% to $178 million, net income decreased 33.9% to $162 million , compared with fourth quarter 2019.
| 2019.03 | Net revenues | Operating income | Net income | Margin | |||
| Q1 | 684 | 13.4% | 216 | 27.8% | 190 | 21.0% | 31.6% |
| Q2 | 746 | 19.0% | 233 | 21.4% | 216 | 24.1% | 31.2% |
| Q3 | 800 | 33.6% | 258 | 60.2% | 239 | 黒転 | 32.3% |
| Q4 | 828 | 29.8% | 250 | 53.4% | 245 | 69.0% | 30.2% |
| 2020.03 | Net revenues | Operating income | Net income | Margin | |||
| Q1 | 850 | 24.3% | 251 | 16.2% | 241 | 26.8% | 29.5% |
| Q2 | 833 | 11.7% | 204 | -12.4% | 227 | 5.1% | 24.5% |
| Q3 | 723 | -9.6% | 159 | -38.4% | 162 | -32.2% | 22.0% |
| Q4 | 756 | -8.7% | 178 | -28.8% | 162 | -33.9% | 23.5% |
Segment information
Net revenue by product (Y o Y)
Advanced products revenue decreased 6% and core products revenue decreased 14%, compared with fourth quarter 2019.
| segments | 19.Q4 | 20.Q1 | 20.Q2 | 20.Q3 | 20.Q4 |
| Advanced Products | 55% | 53% | 29% | -4% | -6% |
| Core Products | -4% | -13% | -19% | -21% | -14% |
・Advanced Products: Alveo and related products, UltraScale+, UltraScale and 7-series products.
・Core Products: Virtex-6, Spartan-6, Virtex‐5, CoolRunner‐II, Virtex-4, Virtex-II, Spartan-3, Spartan-2, XC9500 products, configuration solutions, software & support/services.
Net Revenues Composition by End Market (2020.03)
Net Revenues by End Market (in million)
A&D, Industrial and TME revenue increased 15%,Automotive, Broadcast and Consumer increased 2%, Wired and Wireless Group decreased 46%, Data Center Group increased 77%, compared with fourth quarter 2019.
| segment | 19.Q4 | 20.Q1 | 20.Q2 | 20.Q3 | 20.Q4 | Y o Y |
| A&D, Industrial and TME | 326.2 | 333.5 | 302.1 | 288.3 | 374.5 | 15% |
| Automotive, Broadcast and Consumer | 114.9 | 124.0 | 131.5 | 134.6 | 117.2 | 2% |
| Wired and Wireless Group | 343.7 | 350.1 | 320.5 | 227.9 | 184.5 | -46% |
| Data Center Group | 44.2 | 42.4 | 81.2 | 68.5 | 78.2 | 77% |
| Channel | -0.6 | -0.4 | -1.9 | 4.2 | 1.8 | NM |
Net Revenues by Geography (YoY)
| segment | 19.Q4 | 20.Q1 | 20.Q2 | 20.Q3 | 20.Q4 |
| North America | 13% | 3% | 12% | -10% | 27% |
| Asia Pacific | 56% | 42% | 29% | -6% | -28% |
| Europe | 12% | 16% | -19% | -19% | -11% |
| Japan | 20% | 20% | -8% | -4% | -4% |