Xilinx, Inc. (XLNX) Tops Q1 EPS by 1c, Q2 Rev Guidance Weak

Xilinx, Inc. (NASDAQ: XLNX) reported Q1 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $612.6 million versus the consensus estimate of $631.42 million.

Business Outlook – September Quarter Fiscal 2015

Sales are expected to be flat to down 4% sequentially.
Gross margin is expected to be approximately 70%.
Operating expenses are expected to be approximately $236 million including $2.5 million of amortization of acquisition-related intangibles.
Other income and expenses are expected to be a net expense of approximately $7 million.
Fully diluted share count is expected to be approximately 282 million.
June quarter tax rate is expected to be approximately 13%.

For earnings history and earnings-related data on Xilinx, Inc. (XLNX) click here.

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