Xilinx, Inc. (XLNX) Expects June Quarter Sales Down 5% Sequentially
More News related to XLNX
- Xilinx Announces Upcoming Webcasts With the Financial Community
- Notable Analyst Rating Changes for 11/20: STP, HES, DDS, LINTA Upgraded; PFG, CSX, VRSN, BOFL, D, ADCT Downgraded
- BMO Starts Semi Stocks: TXN, MRVL, INTC, BRCM at Outperform, NVDA, AMD, LLTC at Market Perform
- Semiconductors: Cycle stalls; Downgrading sector view - Merrill Lynch/BAM
- Xilinx Virtex-6 Family and Targeted Design Platforms Both Recognized as Leading Technologies in 2009 EDN China Innovation Awards
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.
Subscribe to EasyStockAlerts.com & Get real-time e-mail alerts when news hits your stocks!
Related Categories
Corporate NewsGuidance
Stocks Mentioned
+0.16Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
