Xilinx Announces First Quarter Fiscal 2010 Results

    Key Statistics:
    (Dollars in millions)
                                          Q1            Q4             Q1
                                       FY 2010        FY 2009        FY 2009
                                       -------        -------        -------

    Annual Return on Equity (%)*            8            18            18

    Operating Cash Flow                  $128           $61          $158

    Depreciation Expense                  $13           $13           $15
    Capital Expenditures                   $5            $6           $10

    Combined Inventory Days                78            90            93

    Revenue Turns (%)                      57            66            59

    *Return on equity calculation: Annualized net income/average stockholders'
     equity

Highlights -First Quarter Fiscal 2010

    --  During the June quarter, Xilinx released the Xilinx Base Targeted Design
        Platform aimed at accelerating the development of system-on-chip
        solutions with Xilinx Virtex-6 and Spartan-6 FPGAs.  This design
        platform combines the 11.2 release of the ISE(R) Design Suite, with an
        expanded intellectual property portfolio and pre-verified reference
        designs enabling design teams to dramatically reduce development cycles
        and focus engineering resources on creating greater product
        differentiation.
    --  Xilinx introduced the Xilinx Virtex-5Q family for the Aerospace and
        Defense (A&D) industry.  Virtex-5Q FPGAs leverage the proven
        Virtex-5 family architecture to deliver higher speeds, greater capacity
        and lower dynamic power consumption on average over previous
        generations.  Xilinx is the leading programmable logic provider to the
        A&D market with over twice the market share of its nearest
        competitor serving myriad applications including secure communications,
        avionics, military and satellite communications.

Business Outlook - September Quarter Fiscal 2010

    --  Sales are expected to be up approximately 2% to 6% sequentially.
    --  Gross margin is expected to be approximately 61%.
    --  Operating expenses are expected to be approximately flat including $5
        million in charges relating to restructuring activity announced on April
        15, 2009.
    --  Interest and other is expected to be a net expense of approximately $3
        million.
    --  Fully diluted share count is expected to be approximately 278 million,
        flat with the prior quarter.
    --  September quarter tax rate is expected to be approximately 16%.

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the quarter's results and management's outlook for the June 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 (800) 642-1687 and referencing confirmation code 16517886. 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," "may," "will," "could," "believe," "anticipate," "estimate," "continue," "plan," "intend," "project" or other similar words. 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 the general health of global economies as well as of the semiconductor industry, the health of our end markets and our customers' customers, our ability to forecast end customer demand, customer acceptance of our new products, the ability of the Company to generate cost and operating expense savings in an efficient and timely fashion, the ability of our customers to manage their inventories, a high dependence on turns business, the ability of our foundry suppliers to deliver sufficient wafer volumes in a timely manner, 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, and other risk factors listed in our most recent Form 10-K.

About Xilinx

Xilinx, Inc. (NASDAQ: XLNX) is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available at http://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.

#0939F

    Investor Relations Contact:
    Lori Owen
    Xilinx, Inc.
    (408) 879-6911
    ir@xilinx.com

    XILINX, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share amounts)
                                             Three Months Ended
                                                             ------------------
                                                                            June  27,        March  28,          June  28,
                                                                                2009                  2009*                2008*
                                                                        (Unaudited)    (Unaudited)    (Unaudited)
                                                                        -----------    -----------    -----------
        Net  revenues                                            $376,235          $395,014          $488,246
        Cost  of  revenues                                      143,822            149,907            176,506
                                                                              -------            -------            -------
        Gross  margin                                              232,413            245,107            311,740
                                                                              -------            -------            -------
        Operating  expenses:
              Research  and  development                  83,233              88,190              90,734
              Selling,  general  and
                administrative                                    73,556              77,652              93,004
              Amortization  of  acquisition-
                related  intangibles                            2,493                1,006                1,425
              Restructuring  charges                        15,771                        -              19,536
                                                                                ------                    ---              ------
                  Total  operating  expenses            175,053            166,848            204,699
                                                                              -------            -------            -------

        Operating  income                                        57,360              78,259            107,041
        Gain  on  early  extinguishment
          of  convertible  debentures                              -              16,742                        -
        Impairment  loss  on  investments                      -                  (967)            (4,621)
        Interest  and  other  income
          (expense),  net                                        (10,910)            (2,373)              4,478
                                                                              -------              ------                -----

        Income  before  income  taxes                    46,450              91,661            106,898
        Provision  for  income  taxes                      8,444              22,017              20,643
                                                                                  -----              ------              ------
        Net  income                                                  $38,006            $69,644            $86,255
                                                                              =======            =======            =======

        Net  income  per  common  share:
              Basic                                                          $0.14                $0.25                $0.31
                                                                                  =====                =====                =====
              Diluted                                                      $0.14                $0.25                $0.31
                                                                                  =====                =====                =====

        Cash  dividends  declared  per
          common  share                                                $0.14                $0.14                $0.14
                                                                                  =====                =====                =====

        Shares  used  in  per  share  calculations:
              Basic                                                      275,523            274,689            278,165
                                                                              =======            =======            =======
              Diluted                                                  276,258            274,881            280,881
                                                                              =======            =======            =======

        *  As  adjusted  for  the  adoption  of  FSP  APB  14-1.



        XILINX,  INC.
        CONDENSED  CONSOLIDATED  BALANCE  SHEETS
        (In  thousands)
                                                                                      June  27,            March  28,
                                                                                          2009                    2009*
                                                                                          ----                    ----
                                                                                    (Unaudited)

        ASSETS
        Current  assets:
            Cash,  cash  equivalents  and  short-
              term  investments                                      $1,424,547      $1,324,933
            Accounts  receivable,  net                              195,929            216,390
            Inventories                                                        101,166            119,832
            Deferred  tax  assets  and  other
              current  assets                                                111,548              91,313
                                                                                          -------              ------
        Total  current  assets                                      1,833,190        1,752,468
        Net  property,  plant  and  equipment                379,612            387,907
        Long-term  investments                                        350,053            347,787
        Other  assets                                                          282,325            323,739
                                                                                          -------            -------
        Total  Assets                                                    $2,845,180      $2,811,901
                                                                                    ==========      ==========

        LIABILITIES  AND  STOCKHOLDERS'  EQUITY
        Current  liabilities:
            Accounts  payable  and  accrued
              liabilities                                                    $195,582          $170,702
            Deferred  income  on  shipments  to
              distributors                                                      49,732              62,364
                                                                                            ------              ------
        Total  current  liabilities                                245,314            233,066
        Convertible  debentures                                      352,333            352,110
        Deferred  tax  liabilities                                  196,955            196,189
        Other  long-term  liabilities                            138,500              81,776
        Stockholders'  equity                                      1,912,078        1,948,760
                                                                                      ---------        ---------
        Total  Liabilities  and
          Stockholders'  Equity                                  $2,845,180      $2,811,901
                                                                                    ==========      ==========

        *  Derived  from  audited  financial  statements  and  adjusted  for  adoption  of
            FSP  APB  14-1.



        XILINX,  INC.
        SUPPLEMENTAL  FINANCIAL  INFORMATION
        (In  thousands)
                                                                                                  Three  Months  Ended
                                                                                                  ------------------
                                                                                  June  27,        March  28,          June  28,
                                                                                      2009                  2009*                2008*
                                                                                      ----                  ----                  ----
                                                                              (Unaudited)    (Unaudited)    (Unaudited)
                                                                              -----------    -----------    -----------

        SELECTED  CASH  FLOW  INFORMATION:
            Depreciation                                                  $13,009            $13,465            $15,420
            Amortization                                                      4,792                3,261                4,175
            Stock-based  compensation                            13,729              13,321              14,423
            Net  cash  provided  by  operating
              activities                                                    128,475              60,854            158,497
            Purchases  of  property,
              plant  and  equipment                                    (4,714)            (6,398)            (9,873)
            Payment  of  dividends  to
              stockholders                                                (38,574)          (38,552)          (38,928)
            Repurchases  of  common  stock                                -                        -          (150,000)
            Repurchases  of  convertible
              debentures                                                                -            (46,858)                      -
            Proceeds  from  issuance  of  common
              stock  to  employees  and  excess
              tax  benefit                                                      2,436              20,259              31,531

        STOCK-BASED  COMPENSATION  INCLUDED  IN:
            Cost  of  revenues                                            $1,115              $1,375              $1,582
            Research  and  development                              5,996                6,373                6,354
            Selling,  general  and
              administrative                                                5,673                5,573                6,228
            Restructuring  charges                                        945                        -                    259

        *  As  adjusted  for  the  adoption  of  FSP  APB  14-1.
 





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