Xilinx's Upcoming Results Are Only Part of the Picture

Investors might have expected Xilinx (NASDAQ:XLNX) to set the stock market on fire this year as it is pursuing growth in the fast-growing fields of artificial intelligence (AI) and cloud computing. But the chipmaker has underperformed the NASDAQ-100 Technology Sector so far this year despite posting steady growth in its revenue and earnings. The stock market has remained indifferent toward Xilinx's quarterly performances even though it stands to gain big from the growing adoption of its programmable chips in data centers, automotive solutions, and 5G wireless communications. But will the market's attitude toward Xilinx change with its upcoming fiscal second-quarter report that's due on Oct. 25? Let's take a look. Xilinx doesn't expect a massive improvement in its second-quarter revenue and earnings as compared to the year-ago quarter.