Xilinx Announces Q3 Fiscal 2012 Results
SAN JOSE, Calif.,
The Xilinx Board of Directors announced a quarterly cash dividend of
Additional third quarter comparisons are represented in the charts below:
Business Outlook – March Quarter Fiscal 2012
A conference call will be held today at
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 March 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-K and 10-Q.
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Xilinxbegan shipping the industry's first extensible processing platform, the Zynq-7000 device. This product family integrates industry-standard ARM dual-core Cortex™-A9 MPCore™ processing system with Xilinx's scalable 28-nm programmable logic architecture. The Zynq-7000 product family already has nearly 40 design wins in the areas of Automotive, Computing & Data Processing, Defense, Industrial, Scientificand Medical.
The Company's first Stacked Silicon Interconnect (SSI) product, Virtex-7 2000T FPGA, commenced shipments in the December quarter. With an unprecedented two million logic cells, this devices is the PLD industry's ultimate integration vehicle. Demand for these devices is strong with initial customers in the areas of communications, test and measurement and ASIC Emulation.
- Sales are expected to increase 2% to 6% sequentially.
- Gross margin is expected to be approximately 64% to 65%.
Operating expenses are expected to be approximately
$207 million, including approximately $2 millionof amortization of acquisition-related intangibles.
Other income and expense is expected to be an expense of approximately
- Fully diluted share count is expected to be approximately 270 million.
- March quarter tax rate is expected to be approximately 14%.