Xilinx Announces Q1 Fiscal 2015 Results; EPS $0.62

SAN JOSE, Calif., July 22, 2014 -- Xilinx, Inc.(Nasdaq: XLNX) today announced first quarter fiscal 2015 sales of$613 million, down 1% from the prior quarter and up 6% from thesame quarter of the prior fiscal year. First quarter fiscal 2015net income was $174 million or $0.62 per diluted share.

The Xilinx Board of Directors announced a quarterly cash dividendof $0.29 per outstanding share of common stock, payable on August27, 2014 to all stockholders of record at the close of business onAugust 6, 2014.

Additional first quarter comparisons are represented in thecharts below:

GAAP Results

(In millions, except EPS)

				Growth Rates
	Q1 FY 2015	Q4 FY 2014	Q1 FY 2014	Q-T-Q	Y-T-Y
Net revenues	$612.6	$617.8	$579.0	-1%	6%
Operating income	$206.5	$189.5	$192.9	9%	7%
Net income	$173.6	$156.0	$157.0	11%	11%
Diluted earnings per share	$0.62	$0.53	$0.56	17%	11%

"June quarter revenues were impacted by weaker than anticipatedsales from our defense and wireless businesses," said MosheGavrielov, Xilinx President and Chief Executive Officer. "However,I am pleased by our continued focus on supply chain efficienciesand cost reduction efforts, which resulted in gross and operatingmargins of 69.1% and 33.7%, respectively. Looking ahead to thesecond half of our fiscal year, I believe Xilinx is positioned tobenefit from a recovery in wireless and defense programs as wellas improved business conditions in wired communications andindustrial applications."

Net Revenues by Geography:

	Percentages	Growth Rates
	Q1 FY 2015	Q4 FY 2014	Q1 FY 2014	Q-T-Q	Y-T-Y
North America	26%	27%	31%	-4%	-12%
Asia Pacific	43%	43%	36%	-2%	26%
Europe	21%	21%	24%	1%	-7%
Japan	10%	9%	9%	9%	21%

Net Revenues by End Market:

	Percentages	Growth Rates
	Q1 FY 2015	Q4 FY 2014	Q1 FY 2014	Q-T-Q	Y-T-Y
Communications & Data Center	50%	49%	44%	1%	20%
Industrial, Aerospace & Defense	31%	34%	37%	-9%	-11%
Broadcast, Consumer & Automotive	16%	15%	16%	5%	3%
Other	3%	2%	3%	39%	11%

Net Revenues by Product:

	Percentages	Growth Rates
	Q1 FY 2015	Q4 FY 2014	Q1 FY 2014	Q-T-Q	Y-T-Y
New	45%	42%	30%	6%	58%
Mainstream	34%	34%	36%	0%	-2%
Base	18%	21%	30%	-14%	-36%
Support	3%	3%	4%	-9%	-9%

Products are classified as follows:

• New products: Virtex® Ultrascale™, Kintex®Ultrascale, Kintex‐7, Artix®-7, Zynq®-7000, Virtex‐6, Spartan®‐6products
• Mainstream products: Virtex‐5, Spartan‐3 andCoolRunner™‐II products
• Base products: Virtex‐4, Virtex‐II,Virtex‐E, Virtex, Spartan-II, Spartan, CoolRunner and XC9500products
• Support products: Configuration solutions,HardWire, Software & Support/Services

Key Statistics:
(Dollars in millions)

	Q1 FY 2015	Q4 FY 2014	Q1 FY 2014
Annual Return on Equity (%)*	25	22	21
Operating Cash Flow	$130	$189	$144
Depreciation Expense	$13	$14	$14
Capital Expenditures	$9	$14	$11
Combined Inventory Days	135	115	105
Revenue Turns (%)	47	54	56

*Return on equity calculation: Annualized net income/averagestockholders' equity

Highlights – June Quarter Fiscal 2015

• Xilinx announced the first customer shipment of the Virtex®UltraScale™ All Programmable FPGA, and the expansion of theindustry's only 20nm high-end family. Virtex UltraScale devicesprovide unprecedented levels of performance, system integration,and bandwidth for a wide range of applications, such as wiredcommunication, test and measurement, aerospace and defense, anddata center.
• For the quarter, Xilinx reported a gross margin of 69.1%, upfrom 67.6% in the prior quarter and better than anticipated. Theimprovement in gross margin underscores the Company's continuedcommitment to driving cost reduction and efficiencies across thesupply chain.
• Xilinx continued to demonstrate a strong commitment toreturning value to stockholders. During the June quarter, theCompany repurchased 2.1 million shares of stock for $100 millionand paid a record $77 million in quarterly dividends.

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 $236million including $2.5 million of amortization ofacquisition-related intangibles.
• Other income and expenses are expected to be a net expense ofapproximately $7 million.
• Fully diluted share count is expected to be approximately 282million.
• June quarter tax rate is expected to be approximately 13%.

Financial Tables

To read financial tables, click

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time todiscuss the June quarter financial results and management'soutlook for the September quarter. The webcast and subsequentreplay will be available in the investor relations section of theCompany's web site at www.investor.xilinx.com.A telephonic replay of the call may be accessed later in the dayby calling (855) 859-2056 and referencing confirmation code59028978. The telephonic replay will be available for two weeksfollowing the live call.

About Xilinx

Xilinx develops All Programmable technologies and devices, beyondhardware to software, digital to analog, and single to multipledie in 3D ICs. These industry leading devices are coupled with anext-generation design environment and IP to serve a broad rangeof customer needs, from programmable logic to programmable systemsintegration. For more information visit