SAN JOSE, Calif., Oct. 16, 2014 — (PRNewswire) — Xilinx, Inc. (Nasdaq: XLNX) today announced second quarter fiscal 2015 sales of $604 million, down 1% from the prior quarter and up 1% from the same quarter of the prior fiscal year.  Second quarter fiscal 2015 net income was $172 million or $0.62 per diluted share.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.29 per outstanding share of common stock, payable on November 26, 2014 to all stockholders of record at the close of business on November 5, 2014.

Additional second quarter comparisons are represented in the charts below:

 

"September quarter sales were in line with our guidance, but our profitability surpassed our expectations.  Operating margin was 33% in the September quarter, up from 27% in the same quarter a year ago," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.  "For the December quarter, we are forecasting a strong recovery in 28nm sales driven by a broad base of applications.  We continue to target approximately $600 million in 28nm sales for fiscal year 2015, up nearly 60% from the prior fiscal year."

 

 

 

 

 

 

Highlights – September Quarter Fiscal 2015

• Xilinx announced its collaboration with China Mobile Research Institute for the development of virtualized 5G wireless networks in a special signing ceremony during the 5G Forum at the International Mobile Internet Conference on August 15. As 4G wireless networks are being deployed around the world, Xilinx and the world's largest wireless operator, China Mobile, are working together on virtualization advancements for next generation 5G systems to address challenges faced by wireless operators.
• During the quarter, Xilinx repurchased 4.8 million shares of common stock for $200 million and paid $77 million in quarterly dividends. For the first half of our fiscal year, Xilinx returned $455 million to stockholders, 36% more than the Company generated in operating cash flow.

Business Outlook – December Quarter Fiscal 2015

• Sales are expected to be flat to up 4% sequentially.
• Gross margin is expected to be approximately 69%.
• Operating expenses are expected to be approximately $230 million including $2.5 million of amortization of acquisition-related intangibles.
• Other income and expenses are expected to be a net expense of approximately $6 million.
• Fully diluted share count is expected to be approximately 272 million.
• December quarter tax rate is expected to be approximately 13%.

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the September quarter financial results and management's outlook for the December quarter. The webcast and subsequent replay will be available in the investor relations section of the Company's web site at www.investor.xilinx.com. A telephonic replay of the call may be accessed later in the day by calling (855) 859-2056 and referencing confirmation code 98130235. The telephonic replay will be available for two weeks following the live call. 

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 products, 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 of fiscal 2015.  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, our ability to successfully manage production at multiple foundries, variability in wafer pricing, costs and liabilities associated with current and future litigation, and other risk factors listed in our most recent Forms 10-Q and 10-K.

About Xilinx

Xilinx develops All Programmable technologies and devices, beyond hardware to software, digital to analog, and single to multiple die in 3D ICs.  These industry leading devices are coupled with a next-generation design environment and IP to serve a broad range of customer needs, from programmable logic to programmable systems integration.  For more information, visit www.xilinx.com.

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Investor Relations Contact:
Lori Owen
Xilinx, Inc.
(408) 879-6911
Email Contact

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