Xilinx Announces December Quarter Results; New Product Sales Increase 24% Sequentially

New products: Virtex-4, Virtex-II Pro, Spartan(TM)-IIE, Spartan-3, Spartan-3E, Easypath(TM) and CoolRunner-II products

Mainstream products: Virtex-II, Spartan-II, SpartanXL, CoolRunner, Virtex- E and Virtex products

Base products: XC3000, XC3100, XC4000, XC4000XL, XC4000XLA, XC4000XV, XC4000E, XC4000EX, XC5200, XC9500, XC9500XL, XC9500XV and Spartan products

Support products: Configuration solutions, HardWire, Software & Support/Services

    Highlights -- December Quarter FY06:
    -- Xilinx shipped a record 10 million 90nm devices during the quarter and
       now has four product families in production on 90nm.  Just nine months
       after introduction, Xilinx completed the roll-out of its newest Spartan
       family, Spartan-3E.  The logic-intensive Spartan-3E family complements
       the I/O intensive Spartan-3 family and enables Xilinx to address a
       wider spectrum of applications in the areas of consumer and low cost
    -- Xilinx entered into strategic agreements with both Toshiba Corporation
       and UMC to include technology development at 65nm and beyond. Research
       and development efforts at both foundries have resulted in 65nm
       prototype wafers, including actual programmable circuitry.
    -- During the quarter, Xilinx announced the release of applications-
       optimized XtremeDSP(TM) solutions that accelerate development of
       multimedia, video and imaging (MVI) systems.  The easy-to-use MVI-
       tailored solutions include an integrated design environment with robust
       tools and easy-to-use pre-packaged development kits.  Additionally,
       Xilinx recently announced the acquisition of Accelchip, a provider of
       DSP design tools.  This acquisition strengthens Xilinx's commitment to
       evolving the programming model for FPGA-based DSP system design.
    -- Xilinx announced the 8.1i release of its popular Integrated Software
       Environment (ISE(TM)) design tools, featuring IS Fmax Technology with
       enhanced physical synthesis capabilities to improve performance and
       timing closure for both the Virtex-4 and Spartan-3 architectures.
       Using ISE 8.1i software, designers can boost performance by an average
       of 10% to 37% as compared to previous ISE releases and up to 70% over
       competing solutions using Virtex-4 FPGAs.
    -- On November 15, 2005, Xilinx announced a $40 million investment in a
       new building in Singapore, our Asia regional headquarters.  The new
       building will quadruple the existing capacity of its on-site
       manufacturing facility, triple the in-house process development
       resources and provide increased infrastructure support for the 13
       offices across the Asia Pacific region.

    Business Outlook -- March Quarter FY06
    -- Revenues expected to be up 1% - 5% sequentially.
    -- Gross margin expected to be approximately 63%.
    -- Operating expenses expected to increase approximately 7% sequentially,
       inclusive of the impact of the acquisition of Accelchip.
    -- Other income expected to be approximately $10 million.
    -- Tax rate expected to be approximately 23% plus or minus one percentage
    -- Fully diluted share count expected to decrease to approximately 351
       million shares.

    Business Update -- March Quarter FY06

A fourth quarter business update will be issued in the form of a press release after the market closes on Monday, March 6, 2006. Financial guidance to the investment community will be limited to the points mentioned in the business update document. Please sign up for a push email alert, which is available from our investor relations web site at http://www.investor.xilinx.com.

This release contains forward-looking statements and projections. 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 our customers to manage their inventories, a high dependence on turns business, higher-than-anticipated product delinquencies, more customer volume discounts than expected, fluctuations in manufacturing yields, our ability to deliver product in a timely manner, our ability to secure meaningful wafer capacity from our suppliers, our ability to secure adequate test, packaging and assembly capacity from our suppliers, our ability to successfully manage production at multiple foundries, currency fluctuations and their respective impact to customer purchasing power, variability in wafer pricing, and other risk factors listed in our most recent Form 10-K.

About Xilinx

Xilinx, Inc. is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available at http://www.xilinx.com.




    (In thousands, except per share amounts)

                               Three Months Ended        Nine Months Ended
                          Dec. 31,  Jan. 01,  Oct. 1,   Dec. 31,    Jan. 01,
                            2005     2005      2005       2005        2005

    Net revenues         $449,605  $355,396  $398,929  $1,253,913  $1,182,256
    Cost of revenues      166,476   135,096   153,968     478,926     424,283
    Gross margin          283,129   220,300   244,961     774,987     757,973

    Operating expenses:
      Research and
       development         81,073    77,356   79,953     239,730      227,414
      Selling, general
       and administrative  80,683    71,856   77,744     234,414      229,532
      Amortization of
       intangibles          1,536     1,759    1,755       5,047        4,918
       settlements and
       contingencies           --        --    3,165       3,165           --
      Write-off of
       acquired in-process
       research and
       development             --        --       --          --        7,198
             Total  operating
                  expenses                  163,292      150,971    162,617          482,356            469,062

        Operating  income            119,837        69,329      82,344          292,631            288,911
        Impairment  loss  on
          investments                              --        (3,099)            --                    --              (3,099)
        Interest  income  and
          other,  net                        10,943          8,811      15,910            36,196              21,975

        Income  before  income
          taxes                                130,780        75,041      98,254          328,827            307,787
        Provision  for  income
          taxes                                  49,811        10,984      12,656            85,419              62,269

        Net  income                        $80,969      $64,057    $85,598        $243,408          $245,518

        Basic  net  income  per
          common  share                      $0.23          $0.18        $0.25              $0.70                $0.71
        Diluted  net  income
          per  common  share              $0.23          $0.18        $0.24              $0.68                $0.68
        Cash  dividends
          declared  per  common
          share                                    $0.07          $0.05        $0.07              $0.21                $0.15

        Common  and  equivalent
          shares  used  in
          computing  net  income
          per  share  amounts:
            Basic                              348,203      348,441    349,254          349,674            347,555
            Diluted                          353,237      358,211    356,360          355,881            358,551

        XILINX,  INC.

        (In  thousands)

                                                                                                                    Dec.  31,        Apr.  2,
                                                                                                                        2005              2005
                                                                                                                  (Unaudited)        (1)

        Current  assets
        Cash,  cash  equivalents  and  short-term  investments          $888,320      $861,558
        Investment  in  United  Microelectronics  Corporation,
          current  portion                                                                                32,685                  --
        Accounts  receivable,  net                                                              142,271        213,459
        Inventories                                                                                        211,882        185,722
        Deferred  tax  assets  and  other  current  assets                      203,196        205,625

        Total  current  assets                                                                  1,478,354    1,466,364

        Net  property,  plant  and  equipment                                            349,895        344,516
        Long-term  investments                                                                    784,344        766,596
        Investment  in  United  Microelectronics  Corporation,
          net  of  current  portion                                                                209,698        246,110
        Other  assets                                                                                      289,846        215,610

        Total  Assets                                                                                $3,112,137  $3,039,196

        Current  liabilities
        Accounts  payable  and  accrued  liabilities                            $265,191      $195,883
        Deferred  income  on  shipments  to  distributors                      111,717        102,511

        Total  current  liabilities                                                            376,908        298,394

        Deferred  tax  liabilities                                                                35,551          67,294
        Other  long-term  liabilities                                                            7,485                  --

        Stockholders'  equity                                                                  2,692,193    2,673,508

        Total  Liabilities  and  Stockholders'  Equity                    $3,112,137  $3,039,196

        (1)  Derived  from  audited  financial  statements

Review Article Be the first to review this article

ClioSoft at DAC

Featured Video
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
2018 FLEX Korea at Room 402/ 403, COEX Seoul Korea (South) - Jun 20 - 21, 2018
INTERSOLAR EUROPE 2018 at Munich Germany - Jun 20 - 22, 2018
DAC 2018 at Moscone Center West San Francisco CA - Jun 24 - 28, 2018
Symposium on Counterfeit Parts and Materials 2018 at College Park Marriott Hotel & Conference Center MD - Jun 26 - 28, 2018
ClioSoft at DAC

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise