Xilinx, Inc. (XLNX) Expects June Quarter Sales Down 5% Sequentially
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Xilinx, Inc. (Nasdaq: XLNX) provided updated financial guidance for the June quarter of fiscal 2010. June quarter sales are expected to be down approximately 5% sequentially. This is a revision from previous sales guidance of down 4% to up 4% sequentially. The shortfall in sales is primarily due to supply constraints on certain Virtex-5 devices that are in high demand. Xilinx currently expects most of the existing delinquency issues to be resolved in the September quarter.
Gross margin guidance of 61% to 63% and operating expense guidance of flat to slightly down sequentially remain unchanged.
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