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| 8-K - FORM 8-K - XILINX INC | d270481d8k.htm |
Exhibit 99.1
Investor Relations Contact:
Lori Owen
Xilinx, Inc.
(408) 879-6911
ir@xilinx.com
XILINX UPDATES DECEMBER QUARTER SALES GUIDANCE
SAN JOSE, CA, December 19, 2011— Xilinx, Inc. (Nasdaq: XLNX) today provided a revised sales forecast for the December quarter.
| • | Sequential quarter sales are now expected to be down 9% to 12%. This is a revision from previous guidance that called for sales to decline 3% to 8% sequentially. |
| • | Weaker sales during the quarter are driven primarily by a decline in large customer business in the Communications end market. |
| • | Gross margin is expected to be approximately 65%. This is a revision from previous guidance of approximately 64%. |
No conference call will be held in conjunction with this business update. Additional commentary pertaining to the quarter will be available when the Company reports its December quarter financial results on January 18, 2012.
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This release contains forward-looking statements and projections. Forward-looking statements and projections can often be identified by the use of forward-looking words such as “expect,” “believe,” “may,” “will,” “could,” “anticipate,” “estimate,” “continue,” “plan,” “intend,” “project” or other similar expressions. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Such forward-looking statements include, but are not limited to, statements related to the semiconductor market, the growth and acceptance of our programmable platforms, expected revenue growth, the demand and growth in the markets we serve, opportunity for expansion into new markets, and our expectations regarding our business outlook for the December quarter for fiscal 2012. Undue reliance should not be placed on such forward-looking statements and projections, which speak only as of the date they are made. We undertake no obligation to update such forward-looking statements. Actual events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties including customer acceptance of our new products, current global economic conditions, the health of our customers and the end markets in which they participate, our ability to forecast end customer demand, a high dependence on turns business, more customer volume discounts than expected, greater product mix changes than anticipated, fluctuations in manufacturing yields, our ability to deliver product in a timely manner, variability in wafer pricing, and other risk factors listed in our most recent Forms 10-Q and 10-K.
About Xilinx
Xilinx is the world’s leading provider of programmable platforms. For more information, visit www.xilinx.com.
Xilinx, the Xilinx logo, Virtex, Spartan, ISE, and other brands designated herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.
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