The company said it earned $87.5 million, or 26 cents a share. Analysts were expecting 23 cents a share profit, although it was unclear whether this included a 2-cent benefit that Xilinx said it received from a reinstatement of an R&D tax credit.

"Sales from mainstream and base products declined during the quarter," Xilinx CEO Wim Roelandts said in a statement. "However Xilinx experienced solid growth from new products, which increased 12% sequentially and represented 26% of total sales, up from 13% in the same quarter a year ago."

The company also said that its chip stockpiles, within the company and at distributors, fell to 118 days of inventory vs.126 days in the previous quarter.

Additionally Thursday, the company said its board of directors declared a quarterly cash dividend of 9 cents a share, payable on Feb. 28.

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