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Components | September 21, 2011

Xilinx updates September quarter sales guidance

Xilinx has revised its sales forecast for the September quarter. Sales are now expected to decline 7% to 10% sequentially.
This is a revision from previous guidance that called for sales to be up 1% to down 3% sequentially.

Weaker than expected sales growth during the quarter is driven primarily by the Communications and Industrial and Other categories.

Gross margin forecast remains unchanged at approximately 63%.

Operating expenses are expected to be approximately USD 208 million, including approximately USD 2 million of amortization of acquisition-related intangibles and approximately USD 4 million in restructuring charges. This is lower than original guidance of USD 218 million due primarily to lower variable expense and timing of development expense, including labor; and lower than anticipated restructuring charges.

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