-- September quarter sales are expected to be up approximately 10% sequentially. This is a revision from previous sales guidance of up approximately 2% to 6% sequentially. The increased sales guidance is primarily due to broad based strength across nearly all end markets and geographies. -- Virtex(R)-5 sales are expected to increase significantly in the September quarter, surpassing 20% of total sales. -- We expect to ship the majority of last quarter's delinquencies in the September quarter. -- Gross margin guidance of approximately 61% and operating expense guidance of approximately $175 million, including $5 million in restructuring charges, remain unchanged.
No conference call will be held in conjunction with this guidance revision. Additional commentary pertaining to the quarter will be available when the company reports its second quarter financial results on October 14, 2009. To receive Xilinx press releases automatically via email, please sign up for a push email alert, which is available from our investor relations website at: http://www.investor.xilinx.com.
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," "may," "will," "could," "believe," "anticipate," "estimate," "continue," "plan," "intend," "project" or other similar words. 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 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 foundry suppliers to deliver sufficient wafer volumes in a timely manner, sufficient wafer and test capacity, 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, and other risk factors listed in our most recent Form 10-Q and Form 10-K.
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Investor Relations Contact: Lori Owen Xilinx, Inc. (408) 879-6911 firstname.lastname@example.org
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