Xilinx forecasts current-quarter revenue largely above estimates

Xilinx Inc forecast current-quarter revenue largely above Wall Street estimates on Wednesday, bolstered by rising sales of its chips to data centers, sending its shares up nearly 2% in extended trading.

The company said it expects third-quarter revenue of $750 million to $800 million, compared with 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.