Xilinx Backs Sales Forecast

Gross margin is tweaked lower by a half percentage point.
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Xilinx

(XLNX) - Get Report

said Thursday that June-quarter revenue growth is in line with earlier guidance, but gross margin will be down by a shade.

The San Jose, Calif.-based chip company said first quarter revenue will grow between 1% and 5% sequentially, ranging from $477.1 million to $496 million.

On average, Thomson First Call analysts expect the company to bring in $487.8 million on the top line.

Xilinx said gross margin will be 62%, including $4 million in stock-based compensation expenses. Prior guidance for gross margin was slightly higher at 62.5%. The lower figure is due to "mix shifts within the new products category," the company said in a statement.

On the bottom line, the consensus estimate pegs Xilinx to earn 32 cents a share for the June quarter. The company did not issue any updates on its EPS numbers.

Shares of the company were off 3%, or 76 cents, to $24.85 in recent after-hours trading.