Exhibit991PressRelease101614

Exhibit 99.1

Investor Relations Contact:

Lori Owen

Xilinx, Inc.

(408) 879-6911

ir@xilinx.com

Xilinx announces Q2 FISCAL 2015 results; EPS $0.62

SAN JOSE, CA, October 16, 2014-- Xilinx, Inc. (Nasdaq: XLNX) today announced second quarter fiscal 2015 sales of $604 million, down 1% from the prior quarter and up 1% from the same quarter of the prior fiscal year. Second quarter fiscal 2015 net income was $172 million or $0.62 per diluted share.

The Xilinx Board of Directors announced a quarterly cash dividend of $0.29 per outstanding share of common stock, payable on November 26, 2014 to all stockholders of record at the close of business on November 5, 2014.

Additional second quarter comparisons are represented in the charts below:

GAAP Results

(In millions, except EPS)



				Growth Rates
	Q2 FY 2015	Q1 FY 2015	Q2 FY 2014	Q-T-Q	Y-T-Y
Net revenues	$604.3	$612.6	$598.9	-1%	1%
Operating income	$200.0	$206.5	$163.8	-3%	22%
Net income	$171.5	$173.6	$141.5	-1%	21%
Diluted earnings per share	$0.62	$0.62	$0.49	0%	27%

“September quarter sales were in line with our guidance, but our profitability surpassed our expectations. Operating margin was 33% in the September quarter, up from 27% in the same quarter a year ago,” said Moshe Gavrielov, Xilinx President and Chief Executive Officer. “For the December quarter, we are forecasting a strong recovery in 28nm sales driven by a broad base of applications. We continue to target approximately $600 million in 28nm sales for fiscal year 2015, up nearly 60% from the prior fiscal year.”

Net Revenues by Geography:



	Percentages			Growth Rates
	Q2 FY 2015	Q1 FY 2015	Q2 FY 2014	Q-T-Q	Y-T-Y
North America	32%	26%	31%	20%	3%
Asia Pacific	37%	43%	38%	-14%	-2%
Europe	21%	21%	22%	-1%	-2%
Japan	10%	10%	9%	-4%	13%

Net Revenues by End Market:



	Percentages			Growth Rates
	Q2 FY 2015	Q1 FY 2015	Q2 FY 2014	Q-T-Q	Y-T-Y
Communications & Data Center	41%	50%	43%	-19%	-4%
Industrial, Aerospace & Defense	41%	31%	38%	28%	8%
Broadcast, Consumer & Automotive	15%	16%	16%	-5%	-6%
Other	3%	3%	3%	-4%	12%

Net Revenues by Product:



	Percentages			Growth Rates
	Q2 FY 2015	Q1 FY 2015	Q2 FY 2014	Q-T-Q	Y-T-Y
New	43%	45%	36%	-7%	21%
Mainstream	31%	34%	34%	-10%	-8%
Base	23%	18%	27%	28%	-14%
Support	3%	3%	3%	1%	-4%

Products are classified as follows:

New products: Virtex® Ultrascale™, Kintex® Ultrascale, Virtex-7, Kintex‐7, Artix®-7, Zynq®-7000, Virtex‐6, Spartan®‐6 products

Mainstream products: Virtex‐5, Spartan‐3 and CoolRunner™‐II products

Base products: Virtex‐4, Virtex‐II, Virtex‐E, Virtex, Spartan-II, Spartan, CoolRunner and XC9500 products

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

Key Statistics:

(Dollars in millions)



	Q2 FY 2015	Q1 FY 2015	Q2 FY 2014
Annual Return on Equity (%)*	25	25	19

Operating Cash Flow	$204	$130	$255

Depreciation Expense	$14	$13	$14

Capital Expenditures	$8	$9	$8

Combined Inventory Days	153	135	102

Revenue Turns (%)	48	47	54

*Return on equity calculation: Annualized net income/average stockholders’ equity

Highlights - September Quarter Fiscal 2015

•

Xilinx announced its collaboration with China Mobile Research Institute for the development of virtualized 5G wireless networks in a special signing ceremony during the 5G Forum at the International Mobile Internet Conference on August 15. As 4G wireless networks are being deployed around the world, Xilinx and the world's largest wireless operator, China Mobile, are working together on virtualization advancements for next generation 5G systems to address challenges faced by wireless operators.


•	During the quarter, Xilinx repurchased 4.8 million shares of common stock for $200 million and paid $77 million in quarterly dividends. For the first half of our fiscal year, Xilinx returned $455 million to stockholders, 36% more than the Company generated in operating cash flow.

Business Outlook - December Quarter Fiscal 2015


•	Sales are expected to be flat to up 4% sequentially.


•	Gross margin is expected to be approximately 69%.


•	Operating expenses are expected to be approximately $230 million including $2.5 million of amortization of acquisition-related intangibles.


•	Other income and expenses are expected to be a net expense of approximately $6 million.


•	Fully diluted share count is expected to be approximately 272 million.


•	December quarter tax rate is expected to be approximately 13%.

Conference Call

A conference call will be held today at 2:00 p.m. Pacific Time to discuss the September quarter financial results and management's outlook for the December quarter. The webcast and subsequent replay will be available in the investor relations section of the Company's web site at

www.investor.xilinx.com. A telephonic replay of the call may be accessed later in the day by calling (855) 859-2056 and referencing confirmation code 98130235. The telephonic replay will be available for two weeks following the live call.

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,” “believe,” “may,” “will,” “could,” “anticipate,” “estimate,” “continue,” “plan,” “intend,” “project” or other similar expressions. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Such forward looking statements include, but are not limited to, statements related to the semiconductor market, the growth and acceptance of our products, expected revenue growth, the demand and growth in the markets we serve, opportunity for expansion into new markets, and our expectations regarding our business outlook for the December quarter of fiscal 2015. 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 customer acceptance of our new products, current global economic conditions, the health of our customers and the end markets in which they participate, our ability to forecast end customer demand, 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, our ability to successfully manage production at multiple foundries, variability in wafer pricing, costs and liabilities associated with current and future litigation, and other risk factors listed in our most recent Forms 10-Q and 10-K.

About Xilinx

Xilinx develops All Programmable technologies and devices, beyond hardware to software, digital to analog, and single to multiple die in 3D ICs. These industry leading devices are coupled with a next-generation design environment and IP to serve a broad range of customer needs, from programmable logic to programmable systems integration. For more information, visit www.xilinx.com.

#1457F

Xilinx, the Xilinx logo, Artix, ISE, Kintex, Spartan, Virtex, Zynq, Vivado, and other designated brands included herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.

XLNX-F



XILINX, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)
	Three Months Ended						Six Months Ended
	September 27, 2014		June 28, 2014		September 28, 2013		September 27, 2014		September 28, 2013
Net revenues	$	604,262	$	612,633	$	598,937	$	1,216,895	$	1,177,892
Cost of revenues	169,617		189,189		182,816		358,806		362,516
Gross margin	434,645		423,444		416,121		858,089		815,376
Operating expenses:
Research and development	138,335		122,013		125,002		260,348		236,543
Selling, general and administrative	93,883		92,513		96,339		186,396		188,726
Amortization of acquisition-related intangibles	2,378		2,418		2,418		4,796		4,836
Litigation and contingencies	—		—		28,600		—		28,600
Total operating expenses	234,596		216,944		252,359		451,540		458,705

Operating income	200,049		206,500		163,762		406,549		356,671
Interest and other expense, net	5,731		6,222		10,997		11,953		20,927
Income before income taxes	194,318		200,278		152,765		394,596		335,744
Provision for income taxes	22,802		26,667		11,304		49,469		37,260
Net income	$	171,516	$	173,611	$	141,461	$	345,127	$	298,484
Net income per common share:
Basic	$	0.64	$	0.65	$	0.53	$	1.29	$	1.12
Diluted	$	0.62	$	0.62	$	0.49	$	1.24	$	1.05
Cash dividends per common share	$	0.29	$	0.29	$	0.25	$	0.58	$	0.50
Shares used in per share calculations:
Basic	265,942		267,648		268,478		267,098		265,350
Diluted	275,800		281,579		290,685		278,784		284,270



XILINX, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
	September 27, 2014		March 29, 2014 *
	(unaudited)
ASSETS
Current assets:
Cash, cash equivalents and short-term investments	$	2,595,846	$	2,457,321
Accounts receivable, net	290,629		267,833
Inventories	262,669		233,999
Deferred tax assets and other current assets	154,833		107,994
Total current assets	3,303,977		3,067,147
Net property, plant and equipment	345,485		355,089
Long-term investments	950,827		1,190,775
Other assets	417,013		424,338
Total Assets	$	5,017,302	$	5,037,349


LIABILITIES , TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	339,272	$	369,260
Deferred income on shipments to distributors	60,850		55,099
Current portion of long-term debt	570,527		565,001
Total current liabilities	970,649		989,360
Long-term debt	994,352		993,870
Deferred tax liabilities	295,641		253,433
Other long-term liabilities	13,226		13,005
Temporary equity	29,473		34,999
Stockholders' equity	2,713,961		2,752,682
Total Liabilities, Temporary Equity and Stockholders' Equity	$	5,017,302	$	5,037,349


* Derived from audited financial statements



XILINX, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(Unaudited)
(In thousands)
	Three Months Ended						Six Months Ended
	September 27, 2014		June 28, 2014		September 28, 2013		September 27, 2014		September 28, 2013
SELECTED CASH FLOW INFORMATION:
Depreciation	$	13,678	$	13,468	$	13,976	$	27,146	$	28,009
Amortization	5,303		5,205		4,885		10,508		9,770
Stock-based compensation	28,740		22,106		23,060		50,846		44,014
Net cash provided by operating activities	203,881		130,119		254,943		334,000		399,152
Purchases of property, plant and equipment	8,427		9,116		8,441		17,543		19,742
Payment of dividends to stockholders	76,957		77,421		67,198		154,378		133,205
Repurchases of common stock	199,999		101,016		69,981		301,015		69,981
Proceeds from issuance of common stock
to employees and excess tax benefit	2,452		16,855		110,925		19,307		144,882

STOCK-BASED COMPENSATION INCLUDED IN:
Cost of revenues	$	2,077	$	1,992	$	1,858	$	4,069	$	3,662
Research and development	14,831		10,505		11,343		25,336		21,562
Selling, general and administrative	11,832		9,609		9,859		21,441		18,790